The company behind Northland's Marsden Point Oil Refinery wants to turn it into a new energy precinct. 

The refinery closed in 2022 and is decommissioned, with Resources Minister Shane Jones now considering making the area a special economic zone, meaning different planning, investment, and even tax rules. 

Jones says transforming the asset to enable alternative fuel manufacturing like bio-fuel would help with energy security.

Channel Infrastructure Chief Executive Rob Buchanan told Mike Hosking they welcome the Government's approach. 

He says they're pleased the minister is willing to support the exciting project. 

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