Reopening Marsden Point refinery a billion dollar pipe dream

The Marsden Point refinery has been decommissioned. (Image: Getty)

Wed, 20 Mar 2024

The government plans to investigate reopening the Marsden Point oil refinery, an exercise likely to cost billions of dollars given the refinery has been fully decommissioned.Channel Infrastructure, the publicly-listed company that owns the Northland facility, had spent $163 million as of Dec 31 on its project to convert its operations from a refinery to an import-only terminal.The company decided to cease refining at Marsden Point in 2021.According to its latest financial results for the year ending Dec 31 2023, the refinery has now been perman...

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