New Zealand Refining Company

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Summary Information Ownership: New Zealand Refining Company (BP, Exxon Mobil, Aotea Energy Limited, Garlow Management Incorporated and Chevron) Website: http://www.nzrc.co.nz/ Location: Whangarei Harbour, New Zealand Capacity: 6.75 million tons/annum & 135,000 bbl/day Nelson Complexity: Refining Depth: Brief Description A medium sized, medium complexity refinery Refining Units Atmospheric Distillation High Vacuum Unit Desulphurisation Gasoline Kerosene Diesel Platformer Butane De-Asphalting Unit Bitumen Unit Hydrocracker - 22,400 bpd Sulphur Recovery Terminal Capacity Crude Oil: Refined Products: Crude Supply - Products Produced - Ongoing Projects New greenfield Platforming unit with continuous catalyst regeneration (CCR). Revamp of naphtha hydrotreating unit (NHT), including new naphtha splitter column. Expected capital cost to be ~NZ$400-$500 million. First phase (CCR) expected to be commissioned in 2015, and the second phase (NHT revamp) expected to be commissioned in 2016 Other Information - History 1964 - the refinery was officially opened 1986 - Refinery capacity increased with revamp & addition of Hydrocracker & Solvent Deasphalting Unit 2003 - Clean fuels project launched 2010 - A $190 million expansion increased refinery capacity by 15 percent to around 135,000 barrels per day 2012 - CCR project receives the support of the shareholders Relevant Links Chiyoda Crude Distillation Units Chiyoda Hydrocracking Units Chiyoda Solvent Deasphalting Units Chiyoda Sulfur Recovery Units Chiyoda Sour Water Stripping Units Chiyoda Catalytic Reforming Units Chiyoda Naphtha And Middle Distillate Hydrodesulfurization U Foster Wheeler Awarded $90 Million EPC Contract for Major Clean Fuels Project in New Zealand Foster Wheeler Secures Stage One Of Contract For Major Clean-Fuels Project In New Zealand Analysts Presentation - February 2011 Refinery expansion means NZ more self reliant Refining NZ Shareholders say yes to expansion Hydrocracker upgrade on track to lift refinery profitability