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Channel Infrastructure NZ Limited (ASX:CHI)

ALERT: Price-sensitive ASX Announcement for CHI
Current share price for CHI : $2.630 0.18 (7.35%)+
Announcement
Release
2 Apr 2026 9:42AM
Price at Release
$2.450
Full Release
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Summary
Channel Infrastructure NZ Limited announced significant additional diesel storage at Marsden Point, working with the New Zealand Government to add 93 million litres on an accelerated basis within two months. This initiative aims to enhance resilience against supply chain disruptions, supporting New Zealand's energy security and fuel needs. As New Zealand’s largest fuel import terminal business, Channel Infrastructure plays a critical role in storing and distributing a substantial portion of the country's transport fuel. The company remains committed to safely delivering this project on time, while also planning for future growth to support the transition to renewable fuels.
Key Points
  • Channel Infrastructure NZ Limited (CHI) announced additional diesel storage at Marsden Point.
  • The company is working with the New Zealand Government to add 93 million litres of diesel storage.
  • The additional storage aims to enhance resilience against supply chain disruptions.
  • Channel Infrastructure is New Zealand’s largest fuel import terminal business.
  • Fuel is imported and stored at Marsden Point, then distributed via pipeline and trucks.
  • Channel Infrastructure plans to support New Zealand’s energy transition and fuel resilience.
  • The company is committed to safe and timely project delivery.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.