The facility, proposed by Sydney-based Darwin Clean Fuels, is designed to use condensate from the Timor Sea and North-West Shelf gas fields to produce high quality transport fuels, including petrol, diesel, LPG and jet fuel.
Construction of the facility is expected to begin in early 2007 if approval is granted following extensive community consultation.
The Northern Territory Government said the plant would form part of a clean fuel industry cluster at the East Arm development area. It would create 250 jobs during the 30-month construction and 60 jobs once operational.
The government said the proposed plant could increase the volume of trade through the new bulk liquids berth at Darwin port by three to four times and could provide further opportunities for rail traffic.
The project will be subject to design, engineering and feasibility studies. The proposal must also gain environmental and planning approval.
