OPERATIONS UPDATE
PROJECT PROFILE
Kwinana Renewable Fuels project Client bp
Value
$42 million
Location
Kwinana, WA
Date secured
June 2023
Operational Area
Asset Services
We’re particularly proud of our Kwinana Renewable Fuels Project win this year. Not only because it’s the largest project ever awarded to our Asset Services operational area, but also because of its bold sustainability ambitions. We’re refurbishing and modifying 25 tanks so they can be used for feedstock or biofuels storage, helping to repurpose bp’s former refinery site at Kwinana into a new integrated energy hub. The project plans to reutilise some infrastructure at the bp Kwinana site to produce lower-carbon fuel products that have the ability to support the decarbonisation of aviation and heavy industry. The project is subject to regulatory and State government approvals. The project commenced in July 2023 and will contribute to Saunders’ revenue and earnings from 2024 to 2026. The Kwinana project is the first of its kind globally for bp and a first for Australia. Our work will help bp produce sustainable aviation fuel and renewable diesel, supporting their net zero sustainability ambitions.
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