Refining NZ slashes processing as demand slumps

By Gavin Evans | Wed, 25 Mar 2020


Refining NZ is slashing processing rates at Marsden Point to match a sharp drop in fuel demand as the country goes into lockdown from midnight tonight.The plant, which produces about 75 percent of the country’s petrol, diesel and jet fuel, is halting all non-critical work and will see its daily workforce drop from 600 to about 200 tomorrow. Workers remaining on site will be a mix of staff and contractors focused on operations, emergency services and core maintenance.The company, 43 percent-owned by the major oil companies, is working with those...