Engineering and construction company Saunders International Limited has secured a $42 million contract to provide tank refurbishment and modification services for bp’s renewable fuels project in Western Australia.
Work on the fixed price Engineering Procurement and Construction contract will be conducted at bp’s Kwinana energy hub in Perth and forms part of bp’s Kwinana Renewable Fuels project.
Under the project, 25 tanks at the bp Kwinana energy hub will be repurposed for feedstock and biofuel storage.
In an ASX announcement, Saunders said it 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.
“This win is particularly pleasing as it’s the first of its kind globally for bp and a first for Australia. We’re excited to help bp repurpose the former Kwinana oil refinery so it’s future-ready,” Benson added.
The project will commence in July 2023 and will contribute to Saudners’ revenue and earnings from fiscal year 2024 to 2026.
Saunders is a multi-disciplined engineering and construction company that provides design, fabrication, shutdown, maintenance, and industrial automation services to leading organisations across Australia and the Pacific Region.
The company seeks to deliver innovative cost-effective solutions to various sectors such as oil and gas, water, power, new energy, mining and minerals, and defence.
