Uncertain gas supply forces Ballance Agri-Nutrients to take $88m hit on Taranaki plant

Ballance's Kapanui site is struggling to find gas. (Image: Supplied)

Fri, 22 Aug 2025

Ballance Agri-Nutrients has been forced to take an $88 million hit on the value of its Taranaki manufacturing facility, given the uncertainty surrounding its future gas supply.The Kapuni plant, roughly an hour’s drive south of New Plymouth, manufactures nitrogen urea fertiliser for the farmer-owned co-operative, using about 20 to 22 terajoules (TJ) a day or about seven petajoules (PJ) a year.That made it one of the larger industrial users. Ballance had a long-term gas supply via Greymouth Petroleum, but it was unable to negotiate a r...

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