Hundreds interested in refinery buyback 20160126 p5tz6h.html – Breaking News & Latest Updates 2026
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Hundreds interested in refinery buyback

AAP

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More than 900 people have expressed interest in a possible community buyback of Queensland Nickel's troubled Townsville refinery.

Not-for-profit regional investment bank Sister City Partners floated the idea after Clive Palmer's company went into administration a week ago.

Director Warwick Powell has told AAP the bank started receiving expressions of interest after a social media campaign on Sunday.

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They'd collected around 900 by Monday afternoon.

"It really shows ... the community is looking for a creative solution to this problem," he told AAP.

FTI Consulting was appointed administrators just days after 237 workers were sacked from Queensland Nickel's Yabulu refinery.

Mr Powell says a buyback could give creditors and the remaining 550 workers a stake in the future of the operation.

The bank plans to engage with government while it assesses the feasibility of the plan.

"The creditors and workers deserve no less," he said.

FTI Consulting will meet with creditors on Friday.

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