Marsden Point biorefinery could unlock the site's multimillion-dollar potential

The Marsden Point oil refinery may no longer operate, but the land around it could be worth a lot. (Image: NZME)

Fri, 04 Oct 2024

There is no certainty that Channel Infrastructure’s agreement with a consortium to develop a biorefinery at Marsden Point will go ahead, but most analysts say the proposal shows the value of the company’s real estate.This week, Channel said it had entered into a conditional agreement with a Seadra Energy-led consortium to look at creating a refinery to make biofuel.Seadra had previously agreed to purchase Channel’s hydrocracking equipment with the intention of shipping it offshore for US$33.875 million (NZ$54.52m). The equipme...

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