Shell's Geelong refinery for sale, putting more than 400 jobs at risk Shell's Geelong refinery. SHELL'S Geelong refinery is for sale, with more than 400 local jobs on the line. The company has announced he future direction of its downstream portfolio in Australia. The vice-president of the company's downstream business, Andrew Smith, will outline the changes in a press conference at 11:30am. The relatively small Geelong refinery has faced increased competition from super refineries in Asia. Mr Smith acknowledged the sale would create uncertainty for employees. He said Shell was committed to a timely sale process and would provide support to employees. "I understand this announcement will be difficult for refinery employees, but Shell will support them through this period of uncertainty," Mr Smith said. Refinery employees in Geelong have made a significant contribution to both Shell and the local community over many years, supporting the economy in south east Australia. Mr Smith said the company aimed to conclude the sales process by the end of 2014. "Shell is one of Australia's largest private sector investors, and remains committed to its business in Australia," he said. More details soon