Colin Boyce (Flynn, Liberal National Party) Share this | Hansard source

We all know the recent budget was a disaster. However, there's an initiative that I do welcome, and that is the $10.7 billion fuel security package, comprising $7.5 billion to establish a fuel and fertiliser security facility, $3.2 billion for a government owned Australian fuel security reserve and $10 million for a feasibility study into new or expanded refining capacity. Gladstone is ready to take the next bold step forward. A new oil refining and fuel storage facility would deliver long-term, high quality jobs; attract significant private investment; and strengthen Australia's fuel security at a time when it has never been more critical. Our region already has the foundations in place: a world-class port, a highly skilled workforce and a long established industrial base that continues to deliver for both Queensland and the nation. It is a clear opportunity to build on that strength and secure Gladstone's future as a powerhouse of industry and energy. With the right backing, this project can drive economic growth, support local businesses and provide greater certainty for families across Central Queensland. Importantly, it would also reduce our reliance on imported fuel, improving resilience in times of global uncertainty. By supporting this development, we can deliver real opportunity, stronger communities and lasting energy security not just for Gladstone but for Australia as a whole.

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