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NZ Refining opens $10m marine fuel facility for Auckland port
1 March 2010 - NZ Refining Company has opened a new $10 million marine fuel oil facility at the port of Auckland to serve the commercial and cruise liner market.
Sources: NZ Refining and Lindsay Clark
The company which operates the Marsden Point refinery near Whangarei also owns the pipeline supplying refined fuel to its Wiri terminal supplying Auckland. A further line carries jet fuel from the refinery to Auckland airport.
Chairman of NZ Refining David Jackson said when announcing the financial results for the 2009 year, that the new Jetty Three facility provides a new solution for the Auckland market as the Wynyard wharf development progresses.
This opened up opportunities for NZRC to provide marine fuel to other ship operators, he said.
Construction of the marine fuel oil barge loading facility at Jettty Three began in late 2008.
The company also completed the major $191 million Point Forward expansion project in October.
This complex expansion project has grown the Company by around 15%. Mr Jackson noted that the commissioning process was completed on time and at a cost above budget of around 7%, which was a fantastic result, given the pressure on costs.
Additional capital spend of approximately $24 million is budgeted for the 2010 year.
Related Links
NZRC - More news - NZ petroleum conference
