The recent commissioning of the 110ML Lytton Fuel Terminal has resulted in enhanced diesel fuel security for Queenslanders, the Queensland Government said.
The work was expedited thanks to a $15 million loan from the State Government’s Building Acceleration Fund to IOR, which helped with the overall project cost of $60 million.
“While we are focussed on transitioning to net zero emissions, it’s imperative to ensure the security of diesel fuel in order to keep Queensland moving,” Acting Premier Steven Miles said.
Acting Premier Steven Miles stated that the project provides for large fuel storage as well as enhanced infrastructure to better accommodate imports.
“Importantly, this site has significant expansion potential, including 80ML of additional storage and another truck lane at the loading gantry, meaning more business can be done in and out of the Brisbane Port,” Acting Premier Miles added.
The construction of two new tanks with a total capacity of 60ML and the repurposing of an existing 50ML tank were significant components of the improvements, which increased diesel fuel storage in Brisbane by 110 million litres.
The project also included the installation of a new underground pipeline, the expansion of the FIB2 wharf at Fisherman Island, including the installation of two new marine loading arms, a new fast-loading gantry with 18 loading arms, and upgrades to all electrical services and supporting infrastructure.
According to the State Government, peak on-site employment for the project was 272 FTEs, exceeding earlier estimates of 264 FTEs, with the vast bulk of construction work granted to Queensland-based companies.
“IOR is an Australian-owned company and proud to play a key role in increasing fuel security for Queensland through this project. The Lytton Fuel Import Terminal is now the largest diesel only import terminal in Queensland,” IOR Managing Director and CEO Stewart Morland said.
Morland stated that with an extra 110 million litres of storage, the critical industries that rely on IOR for fuel may have even more assurance that they will have the fuel security they require to keep going.
“That means continued productivity across agriculture, resources, transport, and several other industries vital to the state’s prosperity and employment for Queenslanders,” he noted.
“Collaborating with the Queensland Government through the Building Acceleration Fund has been hugely successful. The Government’s support has expedited these works to be delivered far sooner, providing Queenslanders with the fuel security they need now and into the future,” he added.
Port of Brisbane Chief Development Officer David Keir said the State Government and IOR’s combined investment will help guarantee that the Port of Brisbane can continue to successfully fulfil the fuel demands of the growing region.
“Port of Brisbane and its supply chain continues to be an economic powerhouse for Queensland, in FY22 contributing approximately $7.8 billion in economic value added to the state economy and supporting almost 63,000 jobs,” Keir stated.
“The Palaszczuk Government committed to delivering infrastructure that stimulates the economy and supports jobs for Queenslanders today and into the future,” Lytton MP Joan Pease commented.
