Refining NZ has reported excellent personal and process safety performance with no recordable injuries or Tier 1 or 2 process safety events, while RAP throughput was 12% lower than the same period last year.
Processing Fee revenue was NZ$23.6 million, with net debt closing at NZ$184 million in December after a successful equity raise of c.$48.5m.
Long-term agreements with customers and lender consents were also finalised, and run-down plans and upgrades to terminal facilities are underway in preparation for the conversion of the Marsden Point site from refinery to import terminal operations from April 2022.
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