Darwin Clean Fuels
Limited (DCF) is seeking to develop, construct and operate a 100,000
barrels per day (bpd) condensate processing facility to be located in
Darwin, Northern Territory, Australia.
This will be the first petroleum refinery of significant size to be built
in Australia for over 60 years and the first in Australasia to be utilising
entirely condensate as its feedstock. DCF aims to take advantage of the,
low sulphur, and high quality condensate feedstock for processing into
transport fuels that meet the stringent Australian clean fuel standards to
be introduced in 2027. DCF will replace imports of fuel to the Northern
Territory and imports of petrol to the Australian east coast markets. Australia
has become a net importer of refined fuels, shifting from being a net
exporter, through a combination of demand growth and shrinking refining
capacity. Refining industry capital expenditure in Australia in recent
years has been applied to meet the new clean fuel standards rather than
increase refining capacity.
- DCF plans to develop, construct and operate a 100,000
barrel per day (bpd) processing plant in Darwin at a cost of up to US$2
Billion to produce high quality transport fuels (gasoline, diesel, jet
fuel, LPG) from Condensate, a by-product of natural gas production in
NW Shelf and Timor Sea and a high quality refinery feedstock.
- DCF have long term condensate feedstock supply and
product offtake along with shipping services, trade finance, and back
office technical and operational support in place.
- 150ha strategic site available from the NT Gov at
Middle Arm, Darwin, next to the ConocoPhillips LNG plant and the
proposed US$35 Billion INPEX LNG plant, and with no significant
- Project Timeline – 18 months project development, 42
- The DCF Darwin project will reduce Australia’s
reliance on growing imports of over 600,000bpd of transport fuels by
replacing all imports into Darwin and shipping high quality petrol to
eastern Australia, as well as exporting blending components to New
Zealand, Singapore and US West Coast markets.
DCF offers investors
an opportunity to contribute to the development of this new low carbon
emission Australian transport fuels plant that will capitalise on the
increasing supply of high quality Australian condensate feedstock and
re-capture part of the transport fuels market lost to overseas suppliers,
with flow-on benefits to the Australian economy. An Information Offering
Memorandum is forecast to be available by September 2020 based on the
outcome and results from the BFS. Valuations are being undertaken in August
for the IM.