Many other companies in Ryman's position would simply raise capital by one means or another, but its sole concession to debt concerns so far has been to cut its dividend.
The new fund will invest in energy transition and decarbonisation, climate change and digitisation of the global economy.
The company is achieving significant price increases in Australia, but prices in New Zealand are being constrained by competition.
New Zealand’s 60-year-old oil refinery at Marsden Point, near Whangārei, will stop turning crude oil into petrol and diesel from April next year.
Infrastructure Editor
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articles by Oliver