We have a role to play in a sustainable energy future for New Zealand
While helping our country to meet its climate change targets.
We regularly carry out projects to improve our profitability through energy savings. These projects lessen our CO2 emissions and at the same time, allow us to make high-quality fuel products.
- Installing a new platformer (petrol making unit) as part of the Te Mahi Hou project reduced our CO2 emissions by around 120,000 tonnes per year. That’s the equivalent of taking 60,000 Toyota Corollas off the road or the New Zealand public spending $4.6 billion on the Tesla model 3 .
- Using Natural Gas instead of other hydrocarbons has reduced CO2 emissions by 10,000 tonnes a year (5000 Toyota Corollas off the road). Cleaner burning natural gas has also improved local air quality.
- Improving processes for using and recovering hydrogen has reduced our CO2 emissions by 7000 tonnes per year, (3500 Toyota Corollas off the road).
- Pursuing energy saving projects with EECA (the Energy Efficiency and Conservation Authority) is expected to reduce our CO2 emissions by a minimum of 3000 tonnes a year (1500 Toyota Corollas off the road).
The future of transport will require a mix of energy options
This includes conventional fuels as well as biofuels (biodiesel and biojet). For the medium term New Zealand will need conventional fuels for much of its energy needs. For example, Hybrid vehicles that also use conventional fuel offer a practical transition to lower carbon motoring.
Transforming raw feedstock into high quality fuels is what we do well – and looking ahead, we can use our capability, equipment and refining know-how to produce biofuels.
Right now we’re scoping a domestic biofuels industry and working with the Government and others to establish a viable pathway for biofuels.