Shell, a Petroleum giant has publicized that its Geelong refinery is for sale.
If a buyer cannot be found, the refinery could be converted into a fuel import terminal said Shell’s downstream vice president Andrew Smith.
Decision to divest or close the asset, which has been operating for almost 60 years, was not easy said Mr Smith, speaking shortly after 11.30am on Thursday.
Mr Smith further added that he wanted the sale process to completed by 2014.
”Shell is committed to a timely sale process … it is difficult to predict the outcome and timing,” he said.
”If a sale on agreeable terms cannot be reached there are options available, this could include converting the refinery into an import terminal.”
If the site will be converted into an import terminal many people will lose their jobs, the Geelong refinery employs close to 470 people and these people is at the verge of losing their employments. These employees would reduce its numbers up to 80 per cent when Shell converted the Clyde refinery into an import terminal.
Mr. Smith says he hoped to find a buyer who would want to continue operating at Geelong as he was unenthusiastic to speculate on the number of jobs that would be lost under the conversion to an import terminal. He said any new buyer would be bound by the workplace agreements in place and that Shell was committed to keeping its workers informed and providing counseling services.
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