In its latest quarterly report, Ampol saw total fuel sales volume rise by 26 per cent with total Australian fuel sales volume growing by 11 per cent.
Throughout the third quarter, the company recorded group replacement cost operating profit (RCOP) of $438.2 million, a 65 per cent increase from the prior period.
Z Energy also saw sales volume rise by 8.5 per cent, with stronger international third-party spot sales compared to the third quarter last year.
The proposed facility could generate up to 500 million litres of sustainable aviation fuel (SAF) and renewable diesel a year, according to the company.
Under a memorandum of understanding signed with the Queensland government, Ampol and ENEOS will assess the feasibility of delivering the project at Ampol’s Lytton refinery site.
“Biofuels and synthetic fuels have an important role to play in energy transition, particularly in hard to abate areas such as aviation, and heavy industrial sectors like mining,” Ampol managing director chief executive officer Matt Halliday said at the time.
“As we continue our work to build new solutions for customers, we are excited to partner with a global leader like ENEOS to further assess opportunities to repurpose our existing infrastructure and build new supply chains.”