Climate change legal proceedings - update

channelnz.com


NZX RELEASE
17 May 2024

Climate Change Legal Proceedings – update
As previously announced to the market, Channel Infrastructure, formerly Refining NZ, was one of seven
named defendants in proceedings brought in the High Court relating to carbon emissions from or relating to
their activities (Smith v Fonterra Co-Operative Group Limited And Ors).

Channel Infrastructure announces today that the claimant has discontinued his claim against Channel
Infrastructure, on the basis that neither party will seek an order for costs, with the effect that the proceedings
insofar as they relate to Channel Infrastructure are now at an end.

With the Marsden Point refinery now permanently decommissioned, Channel Infrastructure is now a provider
of resilient infrastructure that supports New Zealand’s fuel security. The company also has an important role
to play in New Zealand’s energy transition and is actively supporting the transition to lower-carbon fuel
options for New Zealand, including through its ongoing study with Fortescue on the potential establishment
of a sustainable aviation fuels manufacturing facility at Marsden Point to support decarbonisation of the
aviation sector.

- ENDS -
Authorised by
Chris Bougen
General Counsel and Company Secretary

Investor Relations contact:
Anna Bonney
investorrelations@channelnz.com

Media contact:
Laura Malcolm
communications@channelnz.com

About Channel Infrastructure NZ
Channel Infrastructure’s vision is to be a world-class infrastructure company, delivering resilient
infrastructure solutions to help meet changing fuel and energy needs.  
Channel Infrastructure’s assets are a critical part of the Northland and Auckland fuel supply chain, supporting
the delivery of around 40% of New Zealand’s transport fuel demand and all of the jet fuel to the Auckland
International Airport. Utilising the deep-water harbour and jetty infrastructure at Marsden Point, as well as
280 million litres of storage tanks, and the 170-kilometre pipeline from Marsden Point to Auckland we
receive, store, test and distribute fuel owned by our customers. Channel Infrastructure’s wholly-owned

channelnz.com
subsidiary, Independent Petroleum Laboratory Limited, provides fuel quality testing services at Marsden
Point and around New Zealand.  

Channel Infrastructure will seek to support New Zealand’s decarbonisation ambitions, by utilising our
strategically located assets and our expertise in supply chain infrastructure. The Company remains focused
on its future growth opportunities at the Marsden Point site and beyond, including additional fuel storage to
support fuel security and studies underway with partners on hydrogen and sustainable aviation fuel
opportunities.

For more information on Channel Infrastructure, please visit: www.channelnz.com