Qenos, the largest manufacturer of plastics and petrochemicals in Australia, had undertaken a $195 million redevelopment of its Altona site in Melbourne’s West.
At its recent official opening, the Premier of Victoria, Dr Denis Napthine said “Qenos represents one of China’s largest investments in Victoria with more than 400 full time staff employed at this site”.
He said the new redevelopment will boost production by a further 20%, and the upgrade involved environmental upgrades such as converting ethane gas, from Longford, into steam to drive turbines and generate power for Qenos’ operations. “It also includes a number of other plant upgrades that will support research and development programs to develop new high value-added products”.
Victorian Minister for Manufacturing, David Hodgett said “this investment is a fantastic show of faith in the Victorian manufacturing industry and the Victorian economy.
“It also represents a long-term commitment to Victoria by Qenos, which is owned by ChemChina – one of China’s largest companies. “China is Victoria’s number one trading partner and this redevelopment will further strengthen this relationship”.
