QENOS EXTENDS BOTANY ETHANE FEEDSTOCK CONTRACT
At the announcement ceremony held at the Qenos Botany plant, CEO Steve Bell said "I am pleased to announce that Qenos has secured a six year contract extension with Santos and Beach Energy for the supply of ethane feedstock to our Botany operations."
Under this agreement, Santos and Beach Energy will supply an estimated 87 petajoules to Qenos through to 31 December 2025.
Joined by Kevin Gallagher CEO of Santos Ltd and Matt Kay, CEO of Beach Energy, Mr Bell acknowledged the support from both Santos and Beach Energy to extend the supply of ethane gas for the Qenos Botany operations.
He added, “I am very appreciative of both Santos and Beach Energy for recognising the importance of supplying Qenos as a domestic manufacturer, and the role it plays as a cornerstone of Australia’s $38 billion chemical industry supporting over 200,000 jobs.”
“Whilst this extended ethane supply agreement provides the opportunity for us to operate our Botany facility on a more solid footing, this doesn’t mean the East Coast gas problem is solved. The significant challenge still remains for Qenos to also secure the supply of 42 petajoules of natural gas at a sustainable price over the same period to underpin our manufacturing operations in both New South Wales and Victoria.
More information is available in the attached Media Releases from Qenos, Santos and Beach Energy.
Santos Beach Energy