Our business transition from refinery to import terminal has established a strong base for long-term sustainable operations at Marsden Point.
Channel Infrastructure has undergone a transformational change, and it is firmly focused on the role that it can play to facilitate New Zealand’s transition to a lower carbon economy. Channel has made significant progress on ensuring the resilience of our infrastructure to ensure a reliable and secure supply of transport fuels for all New Zealanders.
We are on target to achieve our goal of Net Zero Scope 1 and 2 emissions by 2030. This means we have gone from being one of the largest emissions intensive businesses listed on the New Zealand Stock Exchange to accounting for less than 0.1% of Scope 1 and 2 emissions. We continue to prioritise efforts to reduce our emissions and have entered into a long-term contract for the supply of renewable electricity.
Our critical infrastructure is capable of handling lower carbon fuels, including second-generation bio and Sustainable Aviation Fuels (SAF). We want to see our critical infrastructure used to facilitate the decarbonisation of the transport sector and ensure supply chain resilience.
The transition to lower carbon fuels will take time and be driven by the change in end user preferences, the availability of lower carbon fuels and regulatory change. We are committed to playing our part.
As we look to deliver resilient infrastructure solutions for New Zealand, Channel will continue to pursue opportunities at Marsden Point which help support increased resilience for New Zealand’s fuel supply chain.
The decarbonisation of the New Zealand fuels supply chain presents an exciting longer-term opportunity for Channel Infrastructure under a range of climate change scenarios.
Renewable electricity supply at Marsden Point
Electricity costs make up one third of the Marsden Point terminal’s operating costs. We have now locked in a new long-term renewable supply contract for our site, which began from the start of 2024.
If all our electricity needs are supplied from renewable sources under the contract, that means for Channel we will have largely eliminated direct emissions from 2024 – some six years ahead of the company’s target.
