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Viva Energy targets June recovery for Geelong Refinery
Viva Energy targets June recovery for Geelong Refinery

Viva Energy targets June recovery for Geelong Refinery

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Viva Energy (ASX:VEA) has provided an operational update regarding the Geelong Refinery as recovery efforts continue following a fire that broke out on April 15.

Since the incident, engineering teams have focused on securing the damaged Alkylation unit and isolating it from the broader facility to allow for critical inspections.

The preparatory works are essential for the restart of the residue catalytic cracking unit, a cornerstone of the refinery’s production.

Viva Energy confirmed that this process is progressing smoothly, with no immediate impediments identified to hamper the restoration timeline.

Subject to the findings of further technical inspections, the company anticipates that necessary repairs will take approximately six weeks.

This puts the RCCU and its associated units on track to return to full operation during June. Once the restart is completed, overall production at the Geelong site is expected to surge to over 90% of its total capacity.

Current output for diesel and jet fuel is sitting at approximately 80% capacity, while petrol production has been more heavily impacted, running at 60% while the RCCU remains offline.

Despite the reduced figures, Viva Energy has moved to reassure the public and commercial partners, stating that existing fuel stocks are sufficient to bridge the gap.

The company expects to maintain a normal, uninterrupted fuel supply to its customers throughout the repair period as it continues to coordinate with insurers and investigate the root cause of the blaze.

At the time of reporting, Viva Energy's share price was $2.50.

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