Ports North and United Petroleum have made a deal that could see more than $30 million invested to import, store and distribute fuel through the Port of Mourilyan near Innisfail.
Queensland Treasurer Curtis Pitt said Ports North and United Petroleum would work together over the next 12 months to finalise a project feasibility report and associated approvals for a fuel importation, storage and distribution facility at Mourilyan.
“United Petroleum have expressed interest in the development of a regional fuel facility in far north Queensland to service the market from Airlie Beach north and west to Mount Isa,” Mr Pitt said.
“They have identified the Port of Mourilyan as an ideal location for this future facility which could be up and running at the Port by 2020.
“I have been discussing this project with the parties involved since May last year so it is good to see this latest stage in the process come to fruition.
“The overall project investment is expected to be in excess of $30 million, so this is a very significant investment that will open new trade opportunities for the region while providing a huge boost to the Cassowary Coast economy and the wider far north Queensland region.”
Ports North chair Russell Beer said the selection of Mourilyan as the preferred port of import for the northern fuel facility highlighted its potential as a trade hub for targeted, medium-sized bulk cargo into the future.