Saunders International Limited secured a $42 million deal with bp to perform tank refurbishment and modification services at its Kwinana Renewable Fuels project in Western Australia.
The fixed-price Engineering, Procurement, and Construction (EPC) contract is part of bp’s Kwinana Renewable Fuels project. The scope of the project includes repurposing 25 tanks at the bp Kwinana energy hub for feedstock or biofuels storage.
The Kwinana Renewable Fuels project is one of five biorefineries proposed by bp globally.
The project intends to repurpose certain infrastructure at the bp Kwinana site in order to create lower carbon fuel products capable of supporting the decarbonisation of aviation and heavy industries. Regulatory and State Government approvals are required for the project.
“Saunders continues to build on its strong track record as a trusted partner for repeat client, bp. This win is particularly pleasing as it’s the first of its kind globally for bp and a first for Australia. We’re excited to help bp repurpose the former Kwinana oil refinery so it’s future ready,” Saunder Managing Director & Chief Executive Officer said.
This project will begin in July 2023 and add to Saunders’ revenue and profits from FY24 to FY26.
