Diesel fuel security has been vastly improved for Queenslanders following the recent commissioning of the 110ML Lytton Fuel Terminal at Port of Brisbane.
The works were expedited with the support of a $15 million loan from the State Government’s Building Acceleration Fund to IOR, assisting with the total project cost of $60 million.
A key component of the upgrades was the construction of two new tanks with a combined capacity of 60ML and the repurposing of an existing 50ML tank, to increase diesel fuel storage in Brisbane by 110 million litres.
The project also saw the installation of a new underground pipeline, expansion of the FIB2 wharf – including installation of two new marine loading arms – at Fisherman Island, a new fast loading gantry with 18 loading arms, as well as improvements to all electrical services and supporting infrastructure onsite.
Peak on-site employment for the project was 272 FTEs, above initial expectations of 264 FTEs, with the large majority of the construction work being awarded to Queensland-based companies.
Acting premier Steven Miles said, “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.
“This project allows for the storage of a significant amount of fuel as well as improved infrastructure to better cater for importing.
“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.
“The Queensland Government’s Building Acceleration Fund made it possible to accelerate the development of the project, which is exactly what it was designed for.”
IOR managing director and CEO Mr Stewart Morland said, “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.
“With an additional 110 million litres of storage, the essential industries relying on IOR for fuel can have even greater confidence they have the fuel security needed to keep moving.
“That means continued productivity across agriculture, resources, transport, and several other industries vital to the state’s prosperity and employment for Queenslanders.
“For its users, the terminal is helping boost productivity. Less congestion and higher speed pumps than others in Brisbane mean that trucks can be back on the road in as little as 20 minutes.
“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.”
Port of Brisbane chief development officer David Keir said, “The joint investment by the Queensland Government and IOR will help ensure the Port of Brisbane can continue to effectively service the fuel needs of our growing region.
“We were pleased to help enable this important project by changing the tenure of the wharf to become common user infrastructure.
“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.
“We thank the Government and IOR for their continued commitment to Australia’s premier multi-cargo port.”