Channel debuts on NZX

Ringing the changes: Naomi James and chair Simon Allen at the start of NZX trading today. (Image: supplied)

Fri, 01 Apr 2022

Channel Infrastructure, the newly branded offshoot of Refining NZ, rang the bell on its first day of trading under the CHI ticker on the NZ Stock Exchange today.The bell signifies the full shutdown of oil refining operations at Marsden Point, with the terminal now awaiting its first import shipment.The retired refinery, which produced 96,000 barrels per day, was opened in 1964. It can store 100 million litres of fuel, fed into Auckland via a 170-kilometre pipeline.Channel remains jointly owned by oil multinationals Mobil Oil, Z Energy and Briti...

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