TonenGeneral invests in Australian storage

摘要

Sydney—TonenGeneral Sekiyu has joined a growing number of Japanese oil industry players seeking to capitalize on Australia’s position as a major importer of transport fuels in Asia Pacific. TonenGeneral Sekiyu, which is Japan’s second-largest refiner, has formed a 50:50 joint venture with Australian logistics company Qube Holdings to develop fuel storage facilities locally. TonenGeneral Sekiyu was one of the largest oil product exporters to Australia in 2014, supplying 12% of the market, Qube said in a statement Tuesday.