Viva Energy hits one-week low as refinery's alkylation unit kept offline

Waypoint REIT

23/06/2026 01:25

** Shares of Viva Energy VEA.AX fall as much as 1.9% to A$2.09, their lowest level since June 16
** Fuel retailer says alkylation unit at the Geelong Refinery will remain offline and has been isolated from refining operations
** Viva expects Geelong, largest of Australia's only two refineries, to operate without its alkylation unit throughout 2027, based on damage assessment from a fire in April
** Co says the unit's isolation will affect the refinery's capacity to convert liquefied petroleum gas (LPG) into gasoline
** YTD, shares up 3.9%

(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))