What the press is saying about petrol, LPG, diesel, crude oil, biofuel etc.
(Click on the "News Article" link for the full story, opens in new window)
Shell to cease refining at Clyde
27-07-2011 Other. Shell today confirmed its decision to stop refining operations at its 79,000 barrel-per-day Clyde Refinery in Sydney.
Refining at Clyde will cease prior to mid-2013. The Clyde refinery and Gore Bay will be converted into import-only terminal operations.
The decision to close the refinery will have far reaching consequences :
Shell currently employs over 300 workers and around 200 contractors on site.
In addition to this, Shell draws on a network of firms in finance, logistics, engineering and IT. The refinery directly supports the local polypropylene plant with 57 employees, which produces plastic products for the automobile and household sectors.
The company states that the closure is not the result of the proposed carbon tax.
However, although oil refineries will qualify for free carbon permits, it is not enough to cover all carbon emissions (and the tax will grow), and any cost increase in a fiercely competitive market is damaging. News Article
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