Channel Infrastructure
Channel Infrastructure operates New Zealand's largest fuel import terminal at Marsden Point and a 170km pipeline to Auckland, providing receiving, storage, testing and distribution services for petrol, diesel and jet fuel to bp, Mobil and Z Energy under long-term Terminal Services Agreements.
- Company typePublic
- Founded2022
- HeadquartersRuakaka, New Zealand
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Channel Infrastructure does
Channel Infrastructure NZ Limited (NZX: CHI) operates New Zealand's largest fuel import terminal at Marsden Point in Northland, receiving, storing, testing and distributing petrol, diesel and jet fuel that customers import for supply to Auckland and Northland markets. The terminal is the only New Zealand facility capable of handling LR2-class vessels (up to 110,000 DWT, 250m length), and is connected to the 170km Refinery to Auckland Pipeline (RAP) serving approximately 40% of national fuel demand. The company transitioned from oil refining (as Refining NZ) to a fuel import terminal in April 2022, securing long-term Terminal Services Agreements with bp, Mobil and Z Energy, and operates a wholly-owned fuel testing subsidiary, Independent Petroleum Laboratories (IPL).
The business generates revenue primarily through contracted terminal services (approximately 95% indexed to the producer price index), supplemented by land and infrastructure leasing for energy transition tenants and dedicated storage arrangements such as the NZ$17-21 million bitumen import terminal under construction for Higgins Contractors. Channel is expanding geographically via a 25% stake in Melbourne's Somerton jet fuel pipeline (acquired November 2025 for A$14.2 million) and is developing an Energy Precinct on 120 hectares of unutilised land that is targeted for biorefinery (Seadra consortium), green hydrogen and eSAF (Fortescue Future Industries), jet fuel storage expansions and a 35GWh/annum solar project. Capital structure includes two NZ$100 million retail bond tranches (CHI020 at 5.8%, CHI030 at 6.75%) and a planned ASX Foreign Exempt Listing in 2026.
Channel Infrastructure firmographics
Firmographics- Name
- Channel Infrastructure
- Legal name
- Channel Infrastructure NZ Limited
- Website
- https://channelnz.com
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Channel Infrastructure operates New Zealand's largest fuel import terminal at Marsden Point and a 170km pipeline to Auckland, providing receiving, storage, testing and distribution services for petrol, diesel and jet fuel to bp, Mobil and Z Energy under long-term Terminal Services Agreements.
- Ownership category
- akta.pro rank
Channel Infrastructure industry classification
Industry- Product category
- Fuel Terminal and Pipeline Infrastructure
- NAICS
- Pipeline Transportation of Refined Petroleum Products (486910)
- SIC
- Pipe Lines (No Natural Gas) (4610)
- akta.pro primary industry
- Jet Fuel / Aviation Turbine Fuel (ATF) Pipeline Transportation (TLAGABAD)
- akta.pro secondary industries
- Diesel / Gas Oil Pipeline Transportation (TLAGABAC), Gasoline Pipeline Transportation (TLAGABAB)
Keywords
Where Channel Infrastructure is headquartered
LocationHeadquarters
- HQ city
- Ruakaka
- HQ country
- New Zealand
- HQ region
- Oceania
Offices2 records
Markets served
Channel Infrastructure business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Terminal Services Agreements: Long-term contracted terminal services with major fuel importers (bp, Mobil, Z Energy) for receiving, storing, and distributing imported refined fuel. Approximately 95% of revenues indexed to producer price index.
- Land and Infrastructure Leasing: Leasing land and infrastructure to industrial tenants for energy projects including biorefinery operations, bitumen terminals, and hydrogen/eSAF production facilities.
- Bitumen Import Terminal: Investment of $17-21 million in bitumen storage facilities and jetty linework for Higgins Contractors, creating new revenue stream from dedicated infrastructure.
- International Infrastructure Investment: Acquisition of 25% stake in Somerton jet fuel pipeline (A$14.2 million) serving Melbourne Airport, generating returns from Australian jet fuel supply chain.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Retail Bonds CHI030 |
| Other | Annual | Retail Bonds CHI020 |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Channel Infrastructure product offering
Product offeringCore offering
Channel Infrastructure operates New Zealand's largest fuel import terminal at Marsden Point in Northland, receiving, storing, testing, and distributing petrol, diesel, and jet fuel that customers import for supply to Auckland and Northland via a 170-kilometre pipeline. The company also holds a 25% stake in Australia's Somerton jet fuel pipeline serving Melbourne Airport, and is developing bitumen import terminal capacity and lower-carbon fuel (hydrogen, eSAF, biorefinery) infrastructure at the Marsden Point Energy Precinct.
Product overview
Channel Infrastructure operates a portfolio of energy infrastructure assets across New Zealand and Australia. The core business is New Zealand's largest fuel import terminal at Marsden Point, which receives, stores, tests and distributes petrol, diesel, and jet fuel to Auckland and Northland through the Refinery to Auckland Pipeline. The company has expanded into Australia's jet fuel supply chain through a 25% stake in the Somerton pipeline serving Melbourne Airport. Growth initiatives include a bitumen import terminal (under construction), expanded jet fuel storage for Z Energy, and longer-term projects for Sustainable Aviation Fuel production, green hydrogen, and a proposed biorefinery at the Marsden Point Energy Precinct. The company also offers laboratory testing through its IPL subsidiary and has a solar project for self-supplied renewable electricity.
Differentiator
Problem solved
Functional benefit
Products and services
- Marsden Point Fuel Import Terminal and Energy Precinct New Zealand's largest fuel import terminal at Marsden Point in Northland, receiving, storing, testing, and distributing petrol, diesel, and jet fuel imported by customers for supply to Auckland and Northland markets. The site also anchors the broader Marsden Point Energy Precinct vision covering approximately 120 hectares of unutilised land for additional storage, lower-carbon fuels manufacture, and electricity firming.
- Terminal and Pipeline Services (Fuel Storage and Distribution)
Quantifiable outcome
- Reduction of over 1 million tonnes per annum in direct CO2 emissions from Marsden Point site following conversion to import terminal
- +3 more outcomes
Companies that use Channel Infrastructure
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles5 records
Channel Infrastructure technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Channel Infrastructure partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and minor.
- Z EnergycorePartnership for significant increase in jet fuel storage at Marsden Point, more than doubling Z Energy's private storage capacity. The additional storage provides enough fuel for around 10,000 flights between Auckland and Wellington, enhancing security of supply and supporting jet fuel resilience at Auckland International Airport.
- bpcoreLong-term Terminal Services Agreement for fuel import, storage and distribution through Marsden Point. bp is one of three major fuel companies with ongoing contracts as the company transitioned from refinery to import terminal operations.
- MobilcoreLong-term Terminal Services Agreement for fuel import, storage and distribution through Marsden Point. Mobil is one of three major fuel companies with ongoing contracts as the company transitioned from refinery to import terminal operations.
- Fortescue Future Industries (FFI)coreJoint study into green hydrogen production at Marsden Point, progressing to pre-feasibility phase for synthetic Sustainable Aviation Fuel (eSAF) production facility. FFI is developing a 300MW facility producing 60 million litres per year of eSAF using electrolysers and Fisher-Tropsch process.
- Higgins Contractors (Fletcher Building Group)coreNew bitumen import terminal at Marsden Point enabling Higgins to import bitumen direct to Northland. Channel Infrastructure investing $17-21 million in jetty linework, storage facilities, and truck loading facility with 10,000 tonne capacity. Supports Government's Roads of National Significance programme.
- Seadra Energy InccoreConditional project development agreement for biorefinery at Marsden Point using decommissioned hydrocracking assets. Seadra partnering with consortium members Qantas, Renova Inc, Kent Plc, and ANZ. Channel would sell hydrocracking assets for US$33.875m and lease 18-20 hectares for approximately NZ$6-7 million annual rent.
- ExxonMobilcoreExxonMobil operates the Somerton Pipeline Joint Venture in which Channel acquired a 25% strategic interest. Other joint venture owners include bp and Viva Energy. The pipeline is a critical part of Melbourne's jet fuel supply chain serving Melbourne Airport.
- QantascorePart of Seadra Consortium for biorefinery project at Marsden Point. Qantas has set a 10% SAF target for 2030 and is investing $400m through its climate fund, with potential to become foundation customer for eSAF from Marsden Point.
- Renova IncminorPart of Seadra Consortium for biorefinery project. As a renewable energy developer and owner-operator, Renova is committed to reducing GHG emissions and sees the biorefinery as a promising option for biofuel production.
- Kent PlcminorPart of Seadra Consortium for biorefinery project at Marsden Point, bringing engineering and construction expertise to the consortium.
- Air New ZealandcoreMOU with FFI to investigate Air New Zealand becoming foundation customer for eSAF produced at Marsden Point once commercially available and economically viable. Supports decarbonisation of aviation sector.
- EECA (Energy Efficiency and Conservation Authority)minorGovernment agency supporting pre-feasibility study for eSAF production facility, particularly focused on demand response benefits to electricity market and understanding domestic eSAF production opportunity.
- Mercury EnergyminorMOU with FFI for provision of renewable electricity to support eSAF production facility at Marsden Point.
- Manawa EnergyminorMOU with FFI for provision of renewable electricity to support eSAF production facility at Marsden Point.
- Top EnergyminorMOU with FFI for provision of renewable electricity to support eSAF production facility at Marsden Point.
- Yinson RenewablesminorMOU with FFI for provision of renewable electricity to support eSAF production facility at Marsden Point.
- New Zealand GovernmentcoreGovernment struck deal with Channel Infrastructure to secure approximately eight days of diesel storage space at Marsden Point, with funding from Regional Infrastructure Fund. Part of wider fuel security strategy following 2022 refinery closure.
- First GasminorFirst Gas handles pipeline queries for Refinery to Auckland Pipeline easement, including permits to work.
Scale indicators18 records
Recent moves11 records
Expansion highlights6 records
Channel Infrastructure competitors and assessment
Company assessmentBroad incumbents
- ONEOK: US-based midstream operator following its acquisition of Magellan Midstream Partners, operating ~25,000 miles of pipeline including refined products terminals and storage. Comparable as a large-scale refined petroleum products pipeline and terminal operator with similar business mix and contracted, take-or-pay revenue model.
- Sunoco LP: US master limited partnership focused on fuel distribution and refined products terminals following its acquisition of NuStar Energy. Comparable as a refined products terminal and pipeline operator with similar storage and distribution economics to Channel's Marsden Point operations.
- Infratil: Listed NZ infrastructure investor with a portfolio spanning renewable energy, airports, and digital infrastructure. Comparable as a long-dated NZ infrastructure platform with similar investor base and exposure to public-private energy transition opportunities, though broader in scope than fuel infrastructure.
- Plains All American Pipeline: US midstream operator with crude oil and natural gas liquids pipelines plus refined products infrastructure. Comparable as a large-scale, publicly listed midstream platform focused on transportation and storage of hydrocarbons under long-term contracts.
- Kinder Morgan: One of the largest North American energy infrastructure companies, operating ~83,000 miles of pipeline and significant refined petroleum products terminal and storage assets. Comparable as an established midstream platform with contracted fuel storage revenue and growth-oriented infrastructure investment.
Direct peers
- Ampol: Australian fuel company operating refining, terminals, and pipeline infrastructure including aviation fuel supply. Comparable business model combining fuel storage, distribution contracts, and energy transition initiatives across refining and downstream infrastructure.
- Viva Energy: Australia's largest fuel infrastructure operator, including the Geelong refinery, extensive terminal network, and a joint venture interest in the Somerton pipeline alongside Channel's 25% stake. Closest international comparable given integrated terminal, storage, and aviation fuel supply chain exposure.
- Pacific Petroleum: Operates the Wiri oil terminal in Auckland, the principal competing fuel import facility serving the same Auckland/Northland catchment as Channel's Marsden Point terminal and RAP pipeline. Direct competitor for fuel storage and distribution contracts with NZ fuel marketers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Channel Infrastructure social profiles
Digital presenceChannel Infrastructure financial estimates
Financial estimateRevenue estimate
Valuation estimate
Channel Infrastructure leadership team
Management profileNumber of profiles
Profiles3 records
Channel Infrastructure subsidiaries and ownership
Company hierarchySubsidiaries2 records
Channel Infrastructure funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Channel Infrastructure M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Channel Infrastructure
What does Channel Infrastructure do?
Channel Infrastructure operates New Zealand's largest fuel import terminal at Marsden Point in Northland, receiving, storing, testing, and distributing petrol, diesel, and jet fuel that customers import for supply to Auckland and Northland via a 170-kilometre pipeline. The company also holds a 25% stake in Australia's Somerton jet fuel pipeline serving Melbourne Airport, and is developing bitumen import terminal capacity and lower-carbon fuel (hydrogen, eSAF, biorefinery) infrastructure at the Marsden Point Energy Precinct.
Is Channel Infrastructure a public or private company?
Channel Infrastructure is a public company. It is classified as public and is currently operating.
When was Channel Infrastructure founded?
Channel Infrastructure was founded in 2022. It employs 251 to 500 people.
Where is Channel Infrastructure based?
Channel Infrastructure is headquartered in Ruakaka, New Zealand, in the Oceania region.
How does Channel Infrastructure make money?
Four revenue lines are on record. Terminal Services Agreements are the primary driver. The others are land and Infrastructure Leasing, bitumen Import Terminal and international Infrastructure Investment.
Who are Channel Infrastructure's main competitors?
Broad incumbents on record are ONEOK, Sunoco LP, Infratil, Plains All American Pipeline and Kinder Morgan. Direct peers are Ampol, Viva Energy and Pacific Petroleum.
Does Channel Infrastructure have an API?
No public API is recorded for Channel Infrastructure.
What industry is Channel Infrastructure in?
Channel Infrastructure's product category is Fuel Terminal and Pipeline Infrastructure. Its primary akta.pro industry code is TLAGABAD, Jet Fuel / Aviation Turbine Fuel (ATF) Pipeline Transportation, with a secondary code of TLAGABAC, Diesel / Gas Oil Pipeline Transportation. Its NAICS code is 486910 and its SIC code is 4610.