FUEL supplier IOR, with support from the Queensland government, has completed $60-million upgrade of the Lytton Fuel Terminal at the Port of Brisbane.

Works on the now-110-million-litre terminal and storage facility were expedited with a $15-million loan from the state government’s Building Acceleration Fund.

A key component of the upgrades was the construction of two new tanks with a combined capacity of 60 million litres and the repurposing of an existing 50-million-litre tank.

The project also saw the installation of a new underground pipeline, expansion of the FIB2 wharf – including installation of two new marine loading arms – at Fisherman Island, a new fast loading gantry with 18 loading arms, as well as improvements to all electrical services and supporting infrastructure onsite.

Acting Queensland Premier Steven Miles said the project allows for the storage of a significant amount of fuel as well as improved infrastructure to better cater for importing.

“Importantly, this site has significant expansion potential, including 80 million litres of additional storage and another truck lane at the loading gantry, meaning more business can be done in and out of the Brisbane Port,” he said.

Port of Brisbane chief development officer David Keir said the joint investment by the Queensland Government and IOR would help ensure the Port of Brisbane can continue to effectively service the fuel needs of our growing region.

“We were pleased to help enable this important project by changing the tenure of the wharf to become common user infrastructure,” he said.

“Port of Brisbane and its supply chain continues to be an economic powerhouse for Queensland, in FY22 contributing approximately $7.8 billion in economic value added to the state economy and supporting almost 63,000 jobs.”