Marsden Point optionality broadens

研报英文原文证据摘录

Marsden Point optionality broadens

Macquarie Equity Research Channel Infrastructure

Biorefinery update

The Seadra consortium has confirmed that the Marsden Point Biorefinery project’s scope has

been expanded to include the manufacture of fertilisers from byproducts of the biorefining

process.

Reflecting the expanded scope, Ballance Agri-Nutrients Limited has formed an alliance with

the Seadra consortium that would enable the production and off-take of fertilisers. The local

production of fertilisers provides a targeted regional solution to supplement manufacturing

at Kapuni and imported supply.

With this expansion, the proposed biorefinery will produce biodiesel, Sustainable Aviation

Fuel (SAF), and urea and other fertilisers, all of which would be manufactured from biogenic

feedstock sources (including agricultural and municipal sector byproducts and residues).

The plant’s manufacturing capacity of drop-in fuel products from domestic feedstocks will

strengthen New Zealand’s resilience to global supply chain disruptions and strengthen its fuel

and economic security by making up to 400 million litres per year of low-carbon renewable

fuels which could be available for the domestic market during periods of fuel supply chain

disruption.

The consortium will now commence the early contractor involvement (ECI) phase of project

development with strategic partners, to support final assessments of project costing,

scheduling and design to enable the project to work towards a final investment decision.

The expansion of the project scope does not impact the consortium’s view of the overall

timing of the project. The biorefinery project remains subject to the successful conclusion

of the funding process, commercial discussions between the parties and any necessary