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MEDIA RELEASE - MARSTEL ANNOUNCE ACQUISITION
18th September 2008
MEDIA RELEASE MARSTEL ANNOUNCE ACQUISITION OF MOBIL TERMINAL ASSETS AT BUNDABERG AND PORT ALMA IN QUEENSLAND Marstel Terminals announced today the acquisition of Mobil Oil Australia Pty Ltd’s former fuel terminals at Bundaberg and Port Alma in Queensland . These terminals are strategically located with excellent waterfront access to existing dedicated bulk liquid berths in the Port of Bundaberg and Port Alma respectively. The Bundaberg terminal has 8 bulk storage tanks with a total capacity of 30 Million litres, while the Port Alma facility has 3 bulk tanks and 23 Million litres of storage capacity. Both terminals will provide storage and handling capability for Unleaded Petrol, Diesel and Biofuels, with associated pipelines to the adjacent dedicated bulk liquids berths which will be used to transfer incoming bulk fuels from ship to shore tanks. Marstel Terminals is a privately owned, independent bulk liquids storage company that has been operating for 21 years, specialising in handling hazardous bulk liquids and focussed on growing its petroleum, vegetable oils and tallow terminalling business. Marstel now has 9 facilities in Australia and New Zealand , and employs 50 people. Recent developments include the construction of new terminals at Coode Island in Melbourne in 2005, and Tauranga in New Zealand , which was completed in July 2008. In July 2007, Marstel acquired the Bell Bay fuel terminal in Tasmania . The Marstel Coode Island terminal is technically the most advanced, world’s best practice operation for safety and environmental protection and was the recipient of the 2006 PACIA Sustainability Award, while the new Tauranga terminal sets new improved standards for the storage and handling of high quality vegetable oils, and non hazardous bulk liquids. These developments continue Marstel’s progress towards becoming a significant participant in the bulk liquids industry, providing specialty services to the fuels, chemicals, vegetable oils and speciality lubricants industry sectors. The acquisition of the Bundaberg and Port Alma terminals is an important step forward in Marstel’s strategy to increase its capability of providing terminalling services to the major fuel marketers and independent oil companies. Marstel is very positive about the future prospects for its Queensland terminals, and the potential to expand these operations to support growth, particularly related to the Resources industry. Graham Catley, Marstel’s Managing Director said “the location of these waterfront terminals will provide additional storage capacity to help satisfy the increasing industry fuel demand in these important growth regions in Queensland ” For further information, please contact: Tim Gunning General Manager Marstel Terminals Ph: (03) 9931 1880
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Marstel Terminals - Australia