SOURCE: Industrial Info Resources

Industrial Info Resources

September 08, 2014 06:01 ET

Plant Auction Will Salvage Closing Caltex Australia Kurnell Petroleum Refinery, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Sep 8, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In 2012, Caltex Australia Limited (ASX:CTX)(Sydney, Australia) announced that it would close the Kurnell Refinery located in New South Wales, Australia due to market conditions and would convert a portion of the refinery to a refined products import terminal. The first phase of the conversion project is almost complete and the refinery remains operational, at least through the next month.

On September 17, 2014 Caltex Australia Limited (ASX:CTX)(Sydney, Australia) will auction off the Kurnell Refinery, which has a nameplate capacity of 135,000 barrels per day. The sale provides a unique opportunity for potential buyers to walk through the refinery while it is operational and discuss the units with Caltex's engineering experts.

Liquidity Services Incorporated (NASDAQ:LQDT)(Washington, DC) announced that interested buyers have the opportunity to make an offer on the entire refinery or on individual process units via Liquidity Services' marketplace www.NetworkIntl.com. The sealed bid auction opens on Wednesday, September 17, 2014 at 12am CDT and closes on Wednesday, October 1 at 4pm CDT. For more details on scheduling a visit to the facility and to register to bid, please visit: www.Networkintl.com/Kurnell-Refinery.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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