ENERGY

Matahio Energy completes acquisition of onshore assets in Taranaki

Matahio Energy has completed the acquisition of a portfolio of six onshore oil and gas licenses in the Taranaki Basin, NZ. Matahio will be the operator of these licenses, holding 100% participating interest in four licenses, and 70% interest in the remaining two licenses. Of the six licenses, three are currently producing. The sale and purchase agreement between the parties was signed in March 2022. All required approvals for the relevant New Zealand regulatory authorities have been obtained to complete this transaction. Key highlights of the transaction: – Operatorship of two fields, namely Cheal and Sidewinder, which are currently producing a total of 1.4 Kboepd (thousand barrels of oil equivalent per day), net to Matahio. Cheal and Sidewinder are well-established, prolific fields, which have produced over 5 MM bbls (million barrels of oil) to date, since the first oil in 2008. – Matahio is adding 2 MM boe (million barrels of oil equivalent) 2P reserves (Net, effective date 1st January 2023). At prevailing oil prices and contemporary OPEX rates, the Cheal and Sidewinder fields are expected to generate positive cash flow until 2030. The New Zealand business’s EBITDA for the calendar year 2022 was NZD$29 MM. – The transaction also includes full technical and operational teams, based in New Plymouth, who have a track record in delivering strong health, safety & environment (HSE) and production performance. Most notably, recent production optimisation efforts have resulted in production rates returning to 2015 levels without drilling any new wells. – Matahio has crafted a multi-year development programme consisting of infill and step-out drilling as well as the appraisal of newer fields in the Puka license (which was 100% acquired by Matahio) to be tied back to existing operated infrastructure. This organic growth programme targets an additional 3.8 MM boe and, if successful, will […]

Kayasand receives backing from NZGIF to reduce carbon emissions from concrete

Kayasand, a distributor of premium sand manufacturing technology, is opening its first V7 high-technology manufacturing demonstration plant in New Zealand, which uses waste products such as recycled glass, concrete and slag, and turns them into premium sand for concrete. Kayasand has received the backing of New Zealand Green Investment Finance (NZGIF) via a $3.5 million equity investment. The green investment bank was established to accelerate investment that helps reduce greenhouse gas emissions. A further $1.8 million of private investment has been secured alongside the NZGIF investment bringing the total raise to $5.3 million. Natural sand supplies are becoming harder to access and traditional concrete manufacturing processes, including the impacts of sand dredging on coastlines such as Pakiri, 100km north of Auckland, are not sustainable over the longer-term. Dr Bram Smith, Kayasand General Manager, says “Our technology can reduce or in cases eliminates the need for natural sand dredging. It uses by-products and recycled materials such as quarry crusher dust and recycled glass to manufacture a sand of such quality that it makes stronger concrete than natural sand when mixed with cement. Our goal is to reduce carbon emissions from concrete production by up to 20% using this method.” Kayasand technology is used in over 300 plants across Japan, China, India, and Australia. The picture shows a V7 plant in Japan. NZGIF Chief Executive, Craig Weise, says the deal is an important step and is a boost for the construction sector and consumers who are eagerly looking for more sustainable building materials. He says, “Auckland’s infrastructure requirements alone are projected to be $26 billion over the next decade and if New Zealand is going to meet its CO2 emission reduction targets, we need to find alternative manufacturing and building methods. We are delighted to invest in Kayasand to help deliver its […]

Battery power plus product stewardship for a brighter future

By Dominic Salmon, 3R Group Business Development – Sustainable Solutions The transition away from fossil fuels will rely heavily on large batteries – it’s estimated that EVs and stationary energy storage batteries can enable 30% of the emissions reduction needed in the transport and energy sectors. The conversation can often steer towards electric vehicles, but large stationary batteries are just as important. Large batteries are not yet widely used in New Zealand outside of EVs and hybrid vehicles. However, the potential applications for stationery storage are huge. These range from use in homes to store excess solar power, to national power grid stabilisation, upgrading old, inefficient battery systems and even as back up for key infrastructure in the event of natural disasters such as Cyclone Gabrielle. The range of stakeholders in this area is wide, from EV and home solar system owners (and potential owners) to energy generation companies, vehicle and battery importers, recyclers and, well, just about anyone who has energy needs. Like all solutions though, thought needs to go into preventing unintended consequences. In the case of batteries, it’s ensuring they are ethically and sustainably produced and don’t become a problematic waste stream at end of life. While small markets like New Zealand, which don’t mine the minerals or manufacture large batteries, can’t have a direct impact on their production, we can ensure they are used as efficiently as possible. Importers, retailers and consumers can also use tools like the Global Battery Alliance’s battery passport to track battery health and environmental impact and create demand for ethically and sustainably manufactured batteries. Making this transition obviously isn’t straight forward but there is a significant amount of work being done, including in Aotearoa New Zealand by the Battery Industry Group (B.I.G). Batteries in the Land of the Long White Cloud […]

Mitigate or adapt? With climate change it’s both

If you’re dealing with the aftermath of the weather events, as many are, we wish you well. Adapting to climate change. Since the disastrous weather earlier this year, it’s a term we’ve heard regularly in the mainstream media. What does adapting involve? Why does it matter? As a manufacturer, do you need to keep reducing (mitigating) climate change as well as adapting to it? (The answer to that last question: an emphatic yes!) This article explains why mitigating and adapting to climate change must go hand-in-hand for New Zealand manufacturers. But first, the science Let’s start with the global picture. The Intergovernmental Panel on Climate Change is adamant: a 1.5°C increase in global temperatures over pre-industrial levels will adversely affect the world’s climate. A 2°C increase will be more serious still. The cause of this warming? Greenhouse gases (GHGs). Zoom in to Aotearoa New Zealand. Scientists at the National Institute of Water and Atmospheric Research (NIWA) and University of Waikato are convinced that Cyclone Gabrielle’s devastating rainfall is an example of climate change. The cause? Global warming, due to GHGs, increases air temperatures. Warmer air holds much more water vapour. When this vapour cools, it rains. Photo credit: Kelly Sikkema on unsplash. What does mitigating climate change involve? Think of mitigation as the fence at the top of the cliff. Mitigation is about addressing the causes of climate change by reducing the GHGs we emit. If you’re a manufacturer, it could involve reducing the carbon in your products or moving your factory to renewable electricity. To date, governments and businesses have focussed on mitigation – with good reason. We all benefit when we reduce climate change. What does adapting to climate change involve? If mitigation is the fence, adaptation is the ambulance. With a poorly maintained fence (an atmosphere damaged by […]

RS PRO launches energy efficiency products for NZ manufacturers

RS is again expanding its Australasian RS PRO range with the addition of products that deliver improved energy saving and efficiency. Due to the popularity of these products they are being fast-tracked to market and will launch in September. The product range is tailored to reduce energy consumption from building facilities and the production line, from solar panel solutions, smart lighting options and high-efficiency power supplies. “We’re helping our customers embrace energy efficiency with the RS Pro brand,” says Scott Philbrook, Managing Director RS ANZ. “Both production line and facilities products are part of this launch. From energy meters, power supplies and lighting right down to PPE and Tool Kits that deliver improved energy savings and efficiency are included.” Each RS PRO product is backed by the RS Seal of Approval, which represents industry standards for audit, inspection, test, and certification. This, combined with longer than average warranties reflects RS Components confidence in the quality and longevity of their products. According to Scott, the expansion in the range is meeting demand in the market for affordable options for engineers looking for a choice. “Every corner of the manufacturing environment is being pressured by energy costs and this is an opportunity for our customers to have variety in their product selection,” he explained. RS has supreme confidence in the RS PRO brand and has invested heavily in expanding these product ranges and anticipates a favourable response and uptake in both the Australian and New Zealand markets.

think step webinars

WEBINAR The EU, TCFD, and trade Thursday 28 October 2021, 3:00pm NZDT Hear from EU expert Caroline Lambert on what the European Union’s sustainable reporting requirements will mean and how they will impact non-financial reporting requirements in New Zealand in thinkstep-anz’s upcoming webinar. WEBINAR Planetary Accounting: Going beyond carbon Thursday 25 November 2021, 3:00pm NZDT How can we safely operate within the environmental limits without causing permanent harm to earth? In thinkstep-anz’s upcoming webinar, the Planetary Accounting Network Founding Director Kate Meyer and thinkstep-anz’s Technical Director Jeff Vickers will discuss how LCA and planetary accounting work together to minimise the causes of irreversible damage from our activities. www.thinkstep-anz.com

EECA building energy use picture amongst NZ food and beverage businesses

The Energy Efficiency and Conservation Authority (EECA) is building a picture of energy use in the NZ Food and Beverage sector (not including dairy, meat and seafood). Importantly, the findings of this project will help EECA to design effective programmes to support energy efficiency and decarbonisation for the Food and Beverage sector. To participate in the study – a simple survey, which is due in by the end of October – should take 15-20 minutes and can be completed online at: https://www.surveymonkey.com/r/MTPVXPP

Feeling our way towards hydrogen

-Tina Schirr, Executive Director, BusinessNZ Energy Council Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use. Hydrogen fuel is highly desirable – clean hydrogen produces none of the harmful emissions of other energy sources. So hydrogen is potentially a very good energy source for powering our post-carbon world. But there’s a catch – production of hydrogen is not economic at present and currently can’t be produced cost-effectively. As a result, countries are taking the initiative in different ways as they feel their way towards a hydrogen-powered future. Recently, the World Energy Council (WEC) released a report on hydrogen – Hydrogen on the Horizon: Ready, Almost Set, Go?: the BusinessNZ Energy Council, WEC’s representative in New Zealand, contributed to the report, along with 128 other countries. The report highlights the global activity that’s occurring in the development of hydrogen as a fuel source. A number of countries in the Middle East, North Africa and the Americas are focusing on producing hydrogen. Others, in Asia and Europe, are more focused on procuring it. Their reasons for looking to hydrogen are varied – including its potential to diversify energy sources, decarbonise economies, allow for repurposing infrastructure, and to grow green jobs and green economies. Some countries – notably Germany, Japan, South Korea and Singapore – are partnering with others to ensure they can achieve global hydrogen supply chains and adequate supply once hydrogen becomes cost-effective to produce in significant quantities. New Zealand is becoming integrated into such partnerships, signing bilateral partnership agreements with Japan and Singapore and partnering with Germany on green hydrogen research projects. New Zealand is also among the countries that are seeking ways to produce hydrogen cost-effectively. Last week Contact Energy and […]

New government alliance to lead technology climate response

A cross-government partnership is on a mission to turn New Zealand into a centre of global CleanTech excellence, solving pressing environmental problems. Callaghan Innovation, New Zealand Growth Capital Partners, the Science for Technological Innovation National Science Challenge, Auckland Unlimited and UniServices have established the NZ CleanTech Mission partnership to convert local CleanTech into thriving and profitable businesses. The joint mission follows the freshly launched New Zealand Climate Tech for The World, a deep-dive report into NZ’s CleanTech opportunities, the most in-depth research to date in this area. Among the report’s key recommendations is to increase collaboration among government organisations. “We need to support climate innovation as a step towards achieving the national and global carbon targets, set by the Climate Commission. Through creating technologies to address these targets, New Zealand can also build a high-value export sector, and new employment opportunities,” says James Muir, CleanTech Lead at Callaghan Innovation. Solving commercialisation challenges The partnership statement outlines a number of key actions: Developing a five-year roadmap, supercharging local and international connections, scoping initiatives to boost commercialisation and, ultimately, a targeted approach to CleanTech clusters. “It’s not easy for innovators to navigate the challenging commercialisation stages of R&D and investment to translate their ideas into globally successful businesses. The New Zealand Climate Tech for The World report, for example, reveals that NZ? innovators are raising 95% less investment than other comparable small, advanced economies,” Mr Muir explains. “The NZ CleanTech Mission will ensure that CleanTech is flagged as a critical priority, on a nationwide and coordinated level. The aim is to ensure CleanTech innovators, whether out of businesses, labs or garages, have a responsive, connected, and easy-to-navigate ecosystem of support.” New Zealand’s CleanTech opportunities Callaghan Innovation’s recent review of NZ’s early- and growth-phase businesses identified up to 300 CleanTech innovators working on […]

Climate 101: Let’s talk about carbon

By Barbara Nebel, CEO of thinkstep-anz In the rising conversations around climate change and climate action, carbon is one of the most significant — and ambiguous — words that can be heard. More terms are quickly coming out of the woodwork — carbon offsets, scope 3 emissions, science-based targets — but what do they all mean? While the attention on climate action is encouraging, the buzz around climate terminology can become a little hard to follow. We break down some of the most common and confusing climate related terms to cut through the fog — starting with the puzzling carbon. Are carbon emissions the same as greenhouse gas emissions? Carbon can refer to many different things depending on the context. At its simplest and most accurate, carbon is a chemical element. Carbon combines with oxygen to make carbon dioxide (CO2) and combines with hydrogen to make methane (CH4) — both are greenhouse gases. Greenhouse gases contribute to global warming because they form a layer around the earth that acts like a glass house by trapping the heat from incoming sunshine. Since carbon is present in many greenhouse gases like carbon dioxide and methane, carbon and carbon emissions are used as blanket terms to talk about the different groups of greenhouse gases and their emissions. It doesn’t hurt that carbon also features noticeably less syllables. However, some of these gases such as nitrous oxide, refrigerant gases, and sulfur hexafluoride don’t have anything to do with carbon, but are still sometimes covered under the slightly liberally used term ‘carbon emissions’. This is not only because it’s just easier to use — the standard unit for measuring the impact of greenhouse gas emissions is carbon dioxide equivalent (CO2e). CO2e expresses the global warming potential of each greenhouse gas in terms of how much […]

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