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01-12-2015, 05:15 PM
#1061
It would be great to get news of the newCCR plant start up.. Or did i miss it ? Their web site is abit light.
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02-12-2015, 10:03 AM
#1062
Refinery’s Te Mahi Hou project goes live
9:58am, 2 Dec 2015 | GENERAL
Refining NZ is pleased to announce Te Mahi Hou is producing on specification gasoline and gasoline production on the old platformer has been stopped. This is a major milestone in the startup of Te Mahi Hou with a number of other milestones to be completed in the coming weeks.
The $365m Te Mahi Hou project was handed over for startup to the operations team on the 25th of November. This puts the project around three weeks ahead of the original completion date of late December 2015.
In the current volatile crude and gasoline price environment, Te Mahi Hou is expected to lift the Gross Refinery Margin (GRM) by approximately USD 0.85-0.90 per barrel and increase operating cash flows by around $50-$55 million. Te Mahi Hou will increase the production of petrol by Refining NZ by around two million barrels per annum, lifting the Company’s share of the New Zealand petrol market from around 55% to 65% percent. Improved energy efficiency as a result of Te Mahi Hou will see the refinery’s CO2 emissions reduce by around 120,000 tonnes per annum.
ENDS
Ok here we have it. I wonder how that will afect the SP today...?
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02-12-2015, 10:04 AM
#1063
Refinery’s Te Mahi Hou project goes live
9:58am, 2 Dec 2015 | GENERAL
Refining NZ is pleased to announce Te Mahi Hou is producing on specification gasoline and gasoline production on the old platformer has been stopped. This is a major milestone in the startup of Te Mahi Hou with a number of other milestones to be completed in the coming weeks.
The $365m Te Mahi Hou project was handed over for startup to the operations team on the 25th of November. This puts the project around three weeks ahead of the original completion date of late December 2015.
In the current volatile crude and gasoline price environment, Te Mahi Hou is expected to lift the Gross Refinery Margin (GRM) by approximately USD 0.85-0.90 per barrel and increase operating cash flows by around $50-$55 million. Te Mahi Hou will increase the production of petrol by Refining NZ by around two million barrels per annum, lifting the Company’s share of the New Zealand petrol market from around 55% to 65% percent. Improved energy efficiency as a result of Te Mahi Hou will see the refinery’s CO2 emissions reduce by around 120,000 tonnes per annum.
ENDS
Ok here we have it. I wonder how that will afect the SP today...?
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02-12-2015, 12:02 PM
#1064
Thanks Yoda .Looks already built in to s/p after nov 12 th announcement when Te Mahi GRM was announced and subsequent s/p jump, by the looks. Steady ahead and up; good for my ZEL too.
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02-12-2015, 12:20 PM
#1065
top performing bunch those fellas up there
one step ahead of the herd
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02-12-2015, 12:20 PM
#1066
top performing bunch those fellas up there
one step ahead of the herd
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02-12-2015, 01:15 PM
#1067
Interesting in the CO2 emissions. Total NZ net emissions is 300 million metric tonnes. So that reduces NZ emissions by 0.04%.
That should get a Christmas card from John Key.
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08-12-2015, 01:48 PM
#1068
Full year NPAT for 2015 I'm picking between 140 and 150 million ( normally announced late Jan )
Looking forward to 2016 - if FGE is in the ballpark then with the NZR margin iniatives 2016 will be a good year as well
Energy consultancy FGE sees Singapore hydrocracking margins or complex refining margins, a benchmark for Asia, averaging $6.40 a barrel in 2016, down 80 cents from this year's expected average of $7.20. Read more at Reutershttp://www.reuters.com/article/us-asia-oil-refining-margins-idUSKCN0ST1A720151104#kSIYrrmqkWtVW7uJ.99
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08-12-2015, 06:08 PM
#1069
Member
total agree Crackity. Margins for December are staying seasonally high (many a year margins in December have turned negative) but this year has been a cracker (pardon the pun). Next year looking strong and if the usd/nzd continues to hang out around 0.65 it will add another 35mNZD onto the bottom line from this year. (this year average rate is 70c). We should be back up to full dividends before long as the borrowing must be coming into line very quickly. No doubt the pressure will be on in the new year from the unions for a bit of a payrise as management used the "poor us" line last round so I don't think they can play that card again!
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09-12-2015, 08:57 PM
#1070
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