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Channel Infrastructure NZ Limited (ASX:CHI)

ALERT: Price-sensitive ASX Announcement for CHI
Current share price for CHI : $2.800 0.17 (6.46%)+
Announcement
Release
13 Jul 2026 7:30AM
Price at Release
$2.630
Full Release
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Summary
Channel Infrastructure NZ Limited has made significant progress on the redevelopment of the Marsden Point Energy Precinct, including a deal with Integrate Scope DMCC for the sale and removal of a decommissioned CCR Platformer unit. The proceeds from this sale will contribute to the construction of the Marsden Point Biorefinery. This biorefinery, led by the Seadra Energy consortium, including partners like Qantas and Air New Zealand, will expand to manufacture biofuels and fertilizers from biogenic feedstock, enhancing New Zealand's fuel and economic security. The project is set to receive over $1 billion in private investment and is entering the early contractor involvement phase to finalize costs and scheduling. The expansion aims to strengthen New Zealand's resilience against global supply disruptions and boost regional job creation.
Key Points
  • Channel Infrastructure has sold a decommissioned CCR Platformer unit to Integrate Scope DMCC.
  • The Marsden Point Biorefinery project is led by a consortium including Seadra Energy and major airlines.
  • The project will produce biodiesel, Sustainable Aviation Fuel, and fertilizers from biogenic feedstock.
  • More than $1 billion in private investment is expected for the biorefinery.
  • The project aims to enhance New Zealand's fuel and economic security.
  • The biorefinery will mobilize private sector investment and repurpose decommissioned refinery equipment.
  • The expansion does not affect the project’s overall timing but requires successful funding and regulatory approvals.
  • The project will strengthen New Zealand's resilience against supply chain disruptions and create jobs.
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.