Waka Kotahi NZ Transport Agency says a recently completed review of the bitumen supply chain has provided reassurances that the import market is operating well, and that this is expected to continue after majority importer Z Energy exits the market later this year.
Waka Kotahi Group General Manager of Transport Services, Brett Gliddon says the Waka Kotahi review process focused on seeking feedback from key suppliers and the wider industry on four key outcome areas – the future security of supply, quality of supply, competitive market and pricing, and fair access.
“Feedback from industry has provided us with comfort that the open market has been operating effectively since the switch to a solely import product in 2021, when domestic production ceased at Marsden Point refinery. We’ll continue to monitor and review how the supply chain is operating under our mandatory quality standards. The standards apply regardless of whether the core product is produced domestically or imported, and we’re not aware of any issues with quality to date,” he says.