The country's only fuel refinery at Marsden Point could exit the refinery business as early as next year. Any decision would require approval of shareholders outside its oil company customers. Phil Walter/Getty Images Prime Minister Jacinda Ardern tours Z Energy biodiesel plant in Wiri last month. Although it supported the import-only terminal plan, Z Energy said it was unhappy about top-ups it was paying to the refinery when refining margins fell below the agreed ‘'fee floor’’. Refinery closures have become common overseas, but Marsden Point is New Zealand’s only fuel refinery and was considered a strategic asset when it was set up 50 years ago.

Source: Stuff February 16, 2021 20:23 UTC