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Taranaki NZ News!
08:10:43 PM - 2009-10-15

 
TARANAKI - NEW ZEALAND ECONOMY IS BOOMING!
Taranaki's economy received a boost  recently with the announcement, a $65  million LPG  plant will be built near Waitara on land next to the McKee production station on Otaraoa Rd .
Construction will provide jobs for up to 100 workers, with most of the work likely to go to Taranaki firms.
Todd Energy is now in final negotiation with potential contractors and is aiming to get the project finished and commissioned by 2011.
The McKee project - coupled with the Kupe gas project in South Taranaki - means that New Zealand will once again be self-sufficient in liquefied petroleum gas and is likely to begin exporting through Port Taranaki.
Todd's new facility, which will extract  thr LPG from gas from it's McKee and Mangahewa fields and its share of gas from the offshore Pohokura field, will annually produce 27,000 tonnes of the product.
It will then be trucked off the site for delivery to customers via Todd Energy's retail company Nova Energy.
The plant will help reduce New Zealand's dependence on imported LPG.
It is said that the site of the new LPG facility is ideal because the area was already set up for industrial activity which meant existing infrastructure could be used.
Todd Energy has had more than 50 year's experience in the Taranaki energy industry.



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