Caltex counts cost of refinery shutdown


Caltex expects to lose up to $10 million after one of its Queensland refineries shutdown last week

January 13, 2011

Caltex expects to lose up to $10 million after one of its Queensland refineries shutdown last week.

The fuel retailer’s Lytton refinery shutdown on January 5 after heavy rain caused a steam outage. Partial production is expected to begin tomorrow and gradually increase over the next 10 days.

"Full operation of the refinery will be dependent on Brisbane Port operations, which are currently suspended due to the flood situation, returning to normal," Caltex says in a statement.

"The financial impact of the unplanned shutdown of the refinery is expected to be in the order of $5 - $10 million (after tax) in 2011."

Floods currently crippling Queensland are also affecting Caltex’s operations.

It has had to adjust its supply chain operations because of areas cut off due to flooding. It says teams are working to ensure supply to Lytton, Gladstone, Mackay and Cairns terminals continue.


You can also follow our updates by joining our LinkedIn group or liking us on Facebook