Jumped in an bought some actually. We'll see what happens. But I wonder what's going on that is not given publicly...yet anyways. We'll find out in due course
Their decision they were going to issue at the end of this month after the review did not come to fruition. They are still reviewing "multiple options" and will issue a new decision in October (after the elections) so my take is that they are going to turn into a terminal operation but are postponing public release of that decision because they do not want to hurt Winnie's seat.
BOC and Air Liquide are both now investigating (at a high level) moving their CO2 plants elsewhere. Before this update came out BOC were not considering any meaningful change to the refinery with respect to their operation, that has now changed so I imagine they have been told to start considering the real possibility of ceasing refinery operations.
Their decision they were going to issue at the end of this month after the review did not come to fruition. They are still reviewing "multiple options" and will issue a new decision in October (after the elections) so my take is that they are going to turn into a terminal operation but are postponing public release of that decision because they do not want to hurt Winnie's seat.
BOC and Air Liquide are both now investigating (at a high level) moving their CO2 plants elsewhere. Before this update came out BOC were not considering any meaningful change to the refinery with respect to their operation, that has now changed so I imagine they have been told to start considering the real possibility of ceasing refinery operations.
Didn't you say in May that BOC had been told no more supply from September?
"Long term" = divvies ... hopefully they resume some day
some day maybe in the long term. I see Z is positioning there terminal business and reducing exposure to refining margins from there announcement today. It is a supporter of RNZ becoming a terminal operator only i believe.
If NZR is moving to convert to terminal operation, would a merger with MMH not become a viable option? restructuring refinery infrastructure and replacing it with storage could decrease the refineries overall footprint, allowing MMH to increase in size, potentially it could use the land earmarked for the solar farm which got put on the back burner. pipeline stays open and normal distribution of refined products continues. take some load off Auckland port? Less jobs lost in the area, removes some pressure from finding an instant solution for Auckland port?
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Originally Posted by Mya
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