BP’s $20 million expansion of its Largs North Terminal was officially launched by Treasurer and Mineral Resources and Energy Minister Tom Koutsantonis last Thursday.
The company has doubled its diesel storage capacity and has constructed a new 30-million litre tank for improved reliability and ensured greater fuel security for the growing industries of South Australia.
According to the media release by BP, the Terminal now also has a purpose designed effluent management system that will provide state of the art environmental management at the site.
The expansion of the terminal began back in 2012 and it took BP a total of 19 months to complete the project.
“I congratulate BP on their investment. This expansion is a vote of confidence in South Australia, and in particular, our resources sector. South Australia’s resources industry is experiencing record production, while exports account for 39 per cent of the State’s export value. This means demand for energy is increasing. Boosting our fuel security gives companies the confidence to come and invest in South Australia, knowing their energy needs are taken care of,” Mr Koutsantonis said.
“The new tank will increase the reliability of supply of diesel in South Australia – a fuel that is the life blood of the ever-expanding mining industry, and many more important nation building industries that call South Australia home,” said President of BP Australasia Andy Holmes.
BP revealed that it will continue to invest in South Australia. According to the media release by Minister Koutsantonis, the company plans to lodge development applications for a multi-million dollar aviation base at Ceduna next month. The base is set to support initial exploration drilling activities in the Great Australian Bight.
BP is one of the largest suppliers of fuel to Australia’s industrial sector.