(EnergyAsia, September 9 2014, Tuesday) — The developer of a diesel fuel tank farm in South Australia’s Port Bonython said it will soon invite companies to bid for contracts for its construction.
Petro Diamond Australia, a remote subsidiary of Japanese trading house Mitsubishi Corp, made the announcement after providing an update on the schedule for the A$110 million project at an energy resource conference at Whyalla last week. (US$1=A$1.05).
‘Tendering for Whyalla’s next major development will begin in the final quarter of 2014’, said Petrodiamond Australia’s CEO Yasuyuki Suzuki. “Port Bonython Fuel Terminal will seek to maximise local participation in the project by directly engaging with contractors.”
The tenders for work packages ranging in value between A$8 and A$20 million will be finalised by mid-2015.
In June, Mitsubishi Corp announced that it plans to establish the Port Bonython fuel terminal as the foundation for its diesel fuel import, sales and distribution business in Australia. Construction of the terminal is expected to be completed in 18 months.