VEA Notified About An Incident Occurred at Geelong Refinery

Viva Energy Group Limited (ASX: VEA) provided information regarding an incident at Geelong Refinery on Tuesday afternoon, where a contractor crane malfunction resulted in a compressor being dropped to the ground. The area was restricted at the time, and fortunately, no injuries were reported. The compressor was installed as part of the ongoing major maintenance turnaround at the Refinery. The company has not been assessed the extent of damage to the compressor.

It is estimated that the repair will take approximately three months to complete, pending a detailed evaluation that has yet to begin. During this period, the Company expects a Refining EBITDA (RC) loss ranging from AU$25 million to AU$35 million per month (including June), as it will impact production and margins.

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