A proposal to re-develop Marsden Point's decommissioned refinery is being considered.

Channel Infrastructure NZ recently entered a conditional agreement with Seadra Energy to create a bio-refinery at the Northland site. 

Seadra would purchase it for about $53-million and use some existing, decommissioned assets like tankage and jetties.

Milford Asset Management's Jeremy Hutton unpacks what this could look like.

LISTEN ABOVE

A proposal to re-develop Marsden Point's decommissioned refinery is being considered.
Channel Infrastructure NZ recently entered a conditional agreement with Seadra Energy to create a bio-refinery at the Northland site.&nbsp;
Seadra would purchase it for about $53-million and use some existing, decommissioned assets like tankage and jetties.
Milford Asset Management's Jeremy Hutton unpacks what this could look like.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jeremy Hutton: Milford Asset Management Equities Analyst on the biorefinery to be built at Marsden Point

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0106999d-7456-4906-b639-b1fd007ad93b/transcript

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday 20 November.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday 20 November. 
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 20 November 2024 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f02c5a7b-1d37-4c72-9402-b22e00662929/transcript

There's more power pain to come next year - as Kiwi households can expect a slight increase to their bills come April.

The Commerce Commission has warned the average power bill will go up by $10, and there's room for additional increases to come.

Commissioner Vhari McWha says additional funding is needed to create a safe and reliable power network.

"For Transpower in particular, some of their assets are quite old and they need to be replaced - and some of them are less old and they'll be maintaining those."

LISTEN ABOVE

There's more power pain to come next year - as Kiwi households can expect a slight increase to their bills come April.
The Commerce Commission has warned the average power bill will go up by $10, and there's room for additional increases to come.
Commissioner Vhari McWha says additional funding is needed to create a safe and reliable power network.
"For Transpower in particular, some of their assets are quite old and they need to be replaced - and some of them are less old and they'll be maintaining those."
LISTEN ABOVE

Vhari McWha: Commerce Commission Commissioner on power bills going up from April 2025

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c1a2634b-eac0-4e3e-aa72-b22e00659c4d/transcript

New Zealand has pledged $10 million to a global fund to help developing countries respond to climate change damage. 

Minister-in-charge, Simon Watts has made the commitment at the UN Climate Change Summit in Azerbaijan.

Watts says the contribution will help deliver effective support to help people in the most-affected regions build stronger communities.

He explained that this will come out of New Zealand's overseas aid budget.

LISTEN ABOVE

New Zealand has pledged $10 million to a global fund to help developing countries respond to climate change damage.&nbsp;
Minister-in-charge, Simon Watts has made the commitment at the UN Climate Change Summit in Azerbaijan.
Watts says the contribution will help deliver effective support to help people in the most-affected regions build stronger communities.
He explained that this will come out of New Zealand's overseas aid budget.
LISTEN ABOVE

Simon Watts: Climate Change Minister on New Zealand pledging $10 million to help developing countries respond to climate change

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f8aff277-7385-441a-ba54-b22e005f03c6/transcript

Jeremy Hutton: Milford Asset Management Equities Analyst on the biorefinery to be built at Marsden Point

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