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Australia approves refinery subsidies for Viva Energy and Ampol hydrocarbons-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbons-technology.com Daily Mail and Mail on Sunday newspapers.
Image source: Getty Images Respected fund manager Wilson Asset Management (WAM) has recently identified two ASX shares that it owns in its portfolio. WAM operates several listed investment companies (LICs). Some focus on larger companies like WAM Leaders Ltd (ASX: WLE) and There’s also one called WAM Capital Limited (ASX: WAM) which targets “the most compelling undervalued growth opportunities in the Australian market.” The WAM Capital portfolio has delivered an investment return of 16.5% per annum since inception in August 1999, before fees, expenses and taxes. This gross return outperformed the S&P/ASX All Ordinaries Accumulation Index return of 8.6% per annum over the same timeframe. ....
Australian Refinery Announces 2021 Pathway, An Industrial Info Market Brief, an Industrial Info Market Brief industrialinfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from industrialinfo.com Daily Mail and Mail on Sunday newspapers.
Australia s Geelong Refinery Confirms Government Assistance, an Industrial Info Market Brief Industry Segment: Market Brief | Word Count: 205 Words Attachment: Map In a move meant to avert a fate similar to the closure of British Petroleum s (BP) Kwinana Refinery in Western Australia, Viva Energy, the company that operates the Geelong Refinery, has confirmed the assistance of the Australian Federal Government to provide an interim refinery production payment for six months starting January 1, 2021, until a long-term design for the refinery production payment is implemented. ....
Australia s major refineries to receive production payment to prevent job losses A government payment made to Australia s three remaining refineries is being touted as a long-term solution to boosting the nation s fuel security. At a cost of $83.5 million, the government will pay Australia s major refineries a minimum of one cent for each litre of transport fuel (such as petrol, diesel or jet fuel) that is produced. The payment has been designed to reduce pressure on local refineries, secure jobs and provide more fuel security if an issue in the global pipeline appears. READ MORE: The Geelong Refinery in 2008 when it was known as the Shell Refinery . It was at risk of closing down due to lower fuel use during the pandemic.(Craig Sillitoe) ....