Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

BP Votes to Support $365m Refinery Upgrade

BP VOTES TO SUPPORT $365M REFINERY UPGRADE

BP has voted to support expansion and upgrade plans at Marsden Point Oil Refinery, north of Whangarei. The proposed new continuous catalyst regeneration (CCR) platform, a significant long term investment, required shareholder approval and this was achieved at today’s Refining NZ AGM, held at the Refinery.

BP Managing Director Mike McGuinness said that as the largest single shareholder of Refining NZ (23.66%), BP has taken a long term view with this key energy infrastructure asset.

“BP is committed to building and supporting infrastructure that will ensure New Zealand’s energy needs are met. This is a good long term project for the country, the refinery and for BP,” said Mr McGuinness.

BP supported the view of many shareholders that the project added value and was of national interest, Mr McGuinness said.


Ends

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.