Ampol (ASX:ALD) completed repairs to the regenerator part of a fluidized catalytic cracking unit at its Lytton refinery in Queensland and expects total 2024 production of 5.2 billion liters, according to a Friday filing with the Australian bourse.
The petroleum company also deferred its scheduled turnaround and inspection of the fluidized catalytic cracking unit to the first half of 2026 to align with the planning and execution of its ultra-low sulfur fuels project, the filing said.
Ampol now expects its 2024 net capital expenditure to be AU$650 million.
In the same filing, the company said it plans to issue Australian dollar-denominated subordinated notes, subject to market conditions.
Proceeds from the notes will be used for debt refinancing and general corporate purposes, the filing said.
The company shares fell past 1% in recent Friday trade.
Price (AUD): $29.18, Change: $-0.36, Percent Change: -1.22%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.