The Marsden Point import terminal is the core of our business; however, there are exciting opportunities for us to diversify what we do.
We have a long-term resource consent to operate at Marsden Point, with deep harbour and jetty access, industrial water, electricity and gas connections, and proximity to the largest population base in New Zealand in a low-seismic risk region.
We see great opportunity to use our Marsden Point site to support the renewable fuels and energy needs of the future – from biofuels, to solar power, hydrogen, and beyond.
Additional fuel storage supporting fuel security
In addition to the 180 million litres of shared storage capacity at the Marsden Point Terminal, we have contracted an additional c.100 million litres of private fuels storage to our customers. Further fuel and bulk liquid storage opportunities are being explored.
We see great opportunity at our Marsden Point site to support the New Zealand Government’s proposed onshore fuel stockholding policy to provide greater resilience within the New Zealand supply chain following closure of the Marsden Point refinery.
Renewable electricity supply for Marsden Point
Electricity costs make up one third of the Marsden Point terminal’s operating costs. Our Maranga Ra project is designed to supply ~26MWp of solar power on land owned by Channel Infrastructure, located adjacent to the Marsden Point terminal site and close to other planned solar and battery projects in the area. We are exploring the potential to lock-in long term affordable and renewable electricity supply for our site, including the potential development of the Maranga Ra project in partnership with other solar/battery projects in the region.
Renewable fuels and Sustainable Aviation Fuel
Channel Infrastructure is exploring how it can support the import and supply of biofuels to New Zealand, following the introduction of the Biofuels Mandate which is due to commence in 2023. We will have a critical role to play, given the available tank storage capacity that we have at Marsden Point, our proximity to the Auckland market, and management of the RAP – which remains the lowest carbon emission option for delivering fuel to New Zealand’s largest market at one tenth of the emissions of the equivalent transport by road.
We see significant opportunity for repurposing at our Marsden Point site, with less than half of the land required for terminal operations. Hydrogen presents one such opportunity and Channel Infrastructure has partnered with Fortescue Future Industries (FFI) to study the feasibility of the production, storage, distribution, and export of industrial-scale green hydrogen at Marsden Point. This opportunity is at the early stages of assessment, with initial study findings expected later in 2022.