Refinery welcomes dredging decision
NZX Announcement
18 July 2018
Refinery welcomes dredging decision
Refining NZ welcomes the decision by the hearings panel appointed by the Northland Regional
Council to grant resource consents for the Company’s dredging project.
We are currently reviewing the detailed consent conditions proposed by the Panel and may
have more to say once this process has been completed.
This critical project will improve freight economics and hence, the Company’s refining margin,
by allowing larger crude cargoes of around 1 million barrels to be shipped to Marsden Point.
A lot of work has gone into independent studies and consultation with tangata whenua and the
community over the last five years, and we are happy this has been recognised in the decision to
grant resource consents.
ENDS
For information:
Greg McNeill
T: (09) 4325115; M: 021 873 623; E: greg.mcneill@refiningnz.com
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