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Viva Energy Group Limited (ASX:VEA)

ALERT: Price-sensitive ASX Announcement for VEA
Current share price for VEA : $3.080 0.95 (44.60%)+
Announcement
Release
23 Jun 2026 9:38AM
Price at Release
$2.130
Full Release
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Summary
Viva Energy Group Limited announced the completion of works to restart the Residue Catalytic Cracking Unit (RCCU) at the Geelong Refinery, which was affected by a fire incident on 15 April 2026. With the RCCU back in operation, production is expected to return to over 90% of normal capacity. The Alkylation unit remains offline, impacting the refinery's capacity to convert LPG into gasoline. An option assessment for its repair or replacement is underway. The Geelong Refining Margin for April and May 2026 was US$23.9/bbl, reflecting reduced production and lower margins. Investigations into the incident continue, with initial findings pointing to a piping failure in the Alkylation unit as the cause. Efforts with insurers regarding property damage and business interruption are ongoing.
Key Points
  • Restart of the Residue Catalytic Cracking Unit (RCCU) at Geelong Refinery completed.
  • Incident on 15 April 2026 caused a fire at the Geelong Refinery.
  • Production expected to return to over 90% of normal capacity.
  • Alkylation unit remains offline affecting LPG to gasoline conversion.
  • Geelong Refining Margin for April and May 2026 was US$23.9/bbl.
  • Investigation ongoing for the incident, initial cause identified as piping failure.
  • Viva Energy is working with insurers on property damage and business interruption.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.