Don Taylor, GrainCorp chairman, Julie Bishop, Minister for Foreign Affairs, Takashi Matsushita, managing director Idemitsu Kosan, Ross Vasta, federal member for Bonner.
WEST PERTH, AUSTRALIA — GrainCorp Oils on May 23 opened a new A$45 million ($32 million) state-of-the-art liquid storage tank facility at the Port of Brisbane in Australia.

The new facility has the capacity to hold 20 million liters of petrol and 25 million liters of diesel - enough to fill 750,000 cars.

“The efficient supply of fuel to the Brisbane market is good for competition and good for Queensland motorists,” said Don Taylor, GrainCorp chairman. “Our facility provides a new and independent supply chain from refinery to the bowser and increases the utilization of the Brisbane Port Zone. We have invested over A$45 million to ensure the site is built to world class standards of safety and efficiency.”

“The investment could not have been possible without the support of our customer, Freedom Fuels, which will be using these tanks to distribute their fuel to its network of independent petrol stations,” Taylor said.

Rob McCagh, Freedom Fuels chief executive officer, said, “This new development is a great extension to our longstanding terminal arrangements held with GrainCorp. Queensland is a very important market for us and we are committed to delivering drivers the choice of independently supplied high quality fuels at a great price.”

Construction started on the site in 2014 and has been completed ahead of schedule and on budget. The site has the latest in automation, safety, security and environmental systems.