A new one billion litre diesel storage facility on Kooragang Island may be in the pipeline under plans to expand the Port of Newcastle’s fuel storage capacity in Australia.
Park Fuels, which built a state-of-the-art terminal at Kooragang five years ago, currently stores 54 million litres of diesel on the island. But it now hopes to increase that to a billion litres by building new storage tanks adjacent to the Greenleaf Road facility.
It said the quantity represents the majority of the 1.5 billion litres that the federal Government wants to add to the nation’s onshore diesel storage reserves.
Park Fuels’ Chief Executive Brett Fletcher said the expansion could be completed by 2024 if the project is approved early next year.
Twelve people are currently employed on site. This would increase to 32 if the expansion went ahead.
For more information visit parkfuels.com.au