1 00:00:00,040 --> 00:00:02,320 Speaker 1: The report on getting Marsden Point back up and running. 2 00:00:02,400 --> 00:00:04,120 Speaker 1: Is a refiner returned out to be the waste of time. 3 00:00:04,160 --> 00:00:05,840 Speaker 1: You thought it would give the bills billions and we 4 00:00:05,880 --> 00:00:08,280 Speaker 1: don't have it. But the idea now being float is 5 00:00:08,360 --> 00:00:11,440 Speaker 1: special economic zones, essentially an area with its own business 6 00:00:11,440 --> 00:00:14,440 Speaker 1: and trade laws, Channel Infrastructure cy Rob Buchanan's with us 7 00:00:14,440 --> 00:00:15,400 Speaker 1: on this, Rob, wanting to. 8 00:00:15,360 --> 00:00:17,120 Speaker 2: You bonding, Mike. 9 00:00:17,480 --> 00:00:20,360 Speaker 1: We could have told everybody, couldn't we that recharging the 10 00:00:20,400 --> 00:00:22,560 Speaker 1: refinery was going to cost a small fortune. We weren't 11 00:00:22,600 --> 00:00:24,239 Speaker 1: going to do it. Was this a complete waste of time. 12 00:00:25,760 --> 00:00:29,560 Speaker 2: Look, we've been saying sometime that obviously, with the refinery 13 00:00:29,640 --> 00:00:32,880 Speaker 2: having been switched off in twenty twenty two and fully 14 00:00:32,920 --> 00:00:36,200 Speaker 2: decommissioned at the start of last year, that it would 15 00:00:36,280 --> 00:00:39,559 Speaker 2: cost billions of dollars to restart it. So yes, this 16 00:00:39,680 --> 00:00:42,360 Speaker 2: report that's come out today is just a reflection of 17 00:00:42,400 --> 00:00:43,440 Speaker 2: what we've been saying. 18 00:00:43,360 --> 00:00:45,680 Speaker 1: And what's a special zone and how would it work? 19 00:00:45,720 --> 00:00:48,080 Speaker 1: And once you get one, why can't I have one? 20 00:00:49,680 --> 00:00:53,520 Speaker 2: Well, look, let's separate two issues here. So last year 21 00:00:54,120 --> 00:00:58,200 Speaker 2: we released the market our plans for a energy precinct 22 00:00:58,240 --> 00:01:02,040 Speaker 2: at Marsden Point, which is a repairing of a lot 23 00:01:02,040 --> 00:01:04,959 Speaker 2: of the infrastructure that we have there that has capacity. 24 00:01:05,680 --> 00:01:08,400 Speaker 2: There's a significant number of projects that we're working on 25 00:01:08,480 --> 00:01:10,679 Speaker 2: for that energy precinct, and some work we've done by 26 00:01:10,680 --> 00:01:14,520 Speaker 2: PwC would suggest that that could generate GDP of around 27 00:01:14,520 --> 00:01:17,240 Speaker 2: three point three billion are fully realized with around twenty 28 00:01:17,240 --> 00:01:21,199 Speaker 2: thousand jobs over a fifteen year construction phase. So really 29 00:01:21,200 --> 00:01:24,520 Speaker 2: exciting project for US. And look, one we're really pleased 30 00:01:24,520 --> 00:01:27,320 Speaker 2: with the announcements made yesterday that the government's seen as 31 00:01:27,360 --> 00:01:31,039 Speaker 2: well and is looking to get behind us. I think 32 00:01:31,080 --> 00:01:35,240 Speaker 2: from our perspective, one of the benefits of effectively the 33 00:01:35,240 --> 00:01:38,720 Speaker 2: government's endorsement of what we're doing is we're working with 34 00:01:38,760 --> 00:01:42,200 Speaker 2: some fairly large international partners. One of our projects, which 35 00:01:42,240 --> 00:01:46,640 Speaker 2: is a bio fuels refinery project, we're working with Fontas Renova, 36 00:01:46,720 --> 00:01:52,760 Speaker 2: who's Japanese renewable energy company, Kent International Infrastructure Services Company, 37 00:01:53,400 --> 00:01:57,240 Speaker 2: and they like to know that they're working with parties 38 00:01:57,360 --> 00:02:00,600 Speaker 2: or companies that have the backing of the government in 39 00:02:00,680 --> 00:02:04,320 Speaker 2: what they're doing, So I think that endorsement's helpful for us. 40 00:02:04,720 --> 00:02:06,840 Speaker 1: Good if you built it, will they come because that's 41 00:02:06,920 --> 00:02:08,840 Speaker 1: resource rich what you're talking about, isn't it. 42 00:02:10,520 --> 00:02:13,799 Speaker 2: Yeah, Well, look, I think these projects take quite a 43 00:02:13,880 --> 00:02:16,840 Speaker 2: long time to bring to gestation, but you know, to 44 00:02:16,880 --> 00:02:20,639 Speaker 2: show you that we're people of action. Last year we 45 00:02:21,639 --> 00:02:25,320 Speaker 2: announced sixty million dollars worth of new growth projects and 46 00:02:25,360 --> 00:02:29,359 Speaker 2: what was quite obviously a difficult economic environment. So one 47 00:02:29,360 --> 00:02:31,120 Speaker 2: of those we're cracking on with at the moment. We're 48 00:02:31,120 --> 00:02:34,840 Speaker 2: building New Zealand's largest what will be New Zealand's largest 49 00:02:34,919 --> 00:02:38,760 Speaker 2: debt tank and partnership with their Energy, and we are 50 00:02:38,800 --> 00:02:40,920 Speaker 2: partnering with Higgins to build a bit of an import 51 00:02:41,000 --> 00:02:43,639 Speaker 2: terminal facility at Marsden Point, which obviously, given all the 52 00:02:43,760 --> 00:02:47,679 Speaker 2: raating that's projected to go at Northoland, is fantastic. So 53 00:02:47,680 --> 00:02:49,520 Speaker 2: these are things we're just getting on with now. 54 00:02:49,800 --> 00:02:51,880 Speaker 1: You're liking the Northport thing if it comes to pass, 55 00:02:51,880 --> 00:02:54,000 Speaker 1: does that affect you majorly or not? Really? 56 00:02:54,960 --> 00:02:58,360 Speaker 2: Not really. There are neighbors over the fence. They're very 57 00:02:58,360 --> 00:03:01,520 Speaker 2: good neighbors of ours, and obviously what's good for them 58 00:03:01,639 --> 00:03:02,480 Speaker 2: is good for us. 59 00:03:02,680 --> 00:03:05,200 Speaker 1: Good stuff. Rob appreciate it very much. Probably don't hold 60 00:03:05,200 --> 00:03:06,680 Speaker 1: parties and keep you up at night as well. So 61 00:03:06,680 --> 00:03:08,600 Speaker 1: it's good to have good neighbors, isn't it. Rob Buchanan, 62 00:03:08,600 --> 00:03:11,359 Speaker 1: who's out of a channel infrastructure in the northern part 63 00:03:11,360 --> 00:03:14,400 Speaker 1: of the country. For more from the Mike Asking Breakfast, 64 00:03:14,560 --> 00:03:16,040 Speaker 1: listen live to news talks. 65 00:03:16,040 --> 00:03:19,240 Speaker 2: It'd be from six am weekdays, or follow the podcast 66 00:03:19,280 --> 00:03:20,160 Speaker 2: on iHeartRadio.