NZ Refining hydrocracker leak to cut profit by up to $7m

Thu, 28 Jun 2018

By Sophie Boot June 29 (BusinessDesk) - New Zealand Refining's hydrocracker shutdown will cost it between $5 million and $7 million, with the machinery out of service until the middle of next week. A hydrocracker uses hydrogen to break down heavy oil fractions, recovered from crude oil, to produce petrol, kerosene - used as jet fuel - and diesel. NZ Refining is New Zealand's only oil refinery, and describes its hydrocracker as "the heart of the refinery." The Whangarei-based company said the unit was shut down earlier this week after...

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