New Zealand's largest fuel importer, Channel Infrastructure, is expanding its sights across the Tasman, targeting acquisitions in Australia's jet fuel and diesel markets following its recent listing on the ASX.
In November, Channel made its first foray outside New Zealand, acquiring a 25% stake in an ExxonMobil-operated jet fuel pipeline serving Melbourne Airport from infrastructure investor CVC DIF.
The company now aims to broaden its presence in aviation fuel, diesel, and petrol storage and import sectors, CEO Rob Buchanan said.
Buchanan highlighted Channel's operational expertise as a key differentiator from passive investors. "The relationships we’ve built with oil companies and customers in New Zealand are critical to unlocking growth opportunities in Australia," he said.