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Viva Energy Group issues update on Geelong Refinery after fire

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The Viva Energy Group Ltd (ASX: VEA) share price is in focus today after the company provided an update regarding the recent fire at its Geelong Refinery, with no injuries reported and short-term fuel supply maintained.

What did Viva Energy report?

  • Fire occurred in the Alkylation Unit of the Geelong Refinery on 15 April 2026
  • No injuries to personnel; emergency services responded professionally
  • Diesel and jet fuel production to operate at ~80% of capacity; petrol at ~60% short-term
  • Sufficient fuel stocks to maintain normal supply for customers
  • Assessment of repair costs and financial impact underway, with insurance coverage in place
  • Shares to resume trading from 20 April 2026

What else do investors need to know?

The incident was confined to the Alkylation Unit, while major processing units including the crude distillation and reformer units remain unaffected. The Residue Catalytic Cracking Unit (RCCU) is temporarily offline as part of stabilisation efforts.

Viva Energy expects to restore production of diesel, jet fuel, and petrol to over 90% of capacity in the coming weeks, pending plant inspection. An investigation into the cause has commenced, and the company has notified insurers regarding property and business interruption coverage.

What’s next for Viva Energy?

Viva Energy plans to restart the RCCU and increase production as soon as plant inspections are complete, aiming to return to over 90% capacity. The company is also committed to a full investigation of the incident and will update investors on damage, repair timelines, and any financial impact.

Despite this setback, Geelong Refinery remains a strategic asset in the company’s national fuel network. Viva Energy has reaffirmed its commitment to maintaining operations and reliable supply for its customers.

Viva Energy share price snapshot

Over the past 12 months, Viva Energy shares have risen 60%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 14% over the same period.

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The post Viva Energy Group issues update on Geelong Refinery after fire appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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