NZ’s sole aluminium recycling foundry may close because of gas shortage

NZ’s sole aluminium recycling foundry may close because of gas shortage
Glucina Alloys manager Steven Welburn and owner Tony Trubuhovich say the cost of switching to electricity is prohibitive. (Image: Michael Craig)
Maria Slade
New Zealand’s only aluminium recycler may go out of business if it can’t find an energy source to replace its expiring natural gas supply.Switching to electricity isn’t an option for Glucina Alloys in Auckland’s Avondale because it is too expensive.Local lines company Vector will charge the small firm $500,000 just to provide the capacity, even though the infrastructure to get the power to its Rosebank Rd site is already there.It would then need to spend an additional $300,000 on equipment and installation work at t...

More Energy

Channel increases dividend, mulls ASX listing
Infrastructure

Channel increases dividend, mulls ASX listing

Dividend up from 11c to between 12c and 12.5c. 

Ian Llewellyn 23 May 2025
Power moves: New geothermal and old transformers
Energy

Power moves: New geothermal and old transformers

Eastland looks for a geothermal energy buyer and Meridian is to replace transformers.

Ian Llewellyn 21 May 2025
Methanex deal, rain bring wholesale power price relief
Markets

Methanex deal, rain bring wholesale power price relief

There is currently enough stored energy in the system to get through the winter.

Ian Llewellyn 21 May 2025
ComCom dithering over Manawa deal
Markets

Paul Ridley-Smith: ComCom dithering over Manawa deal

Negative messaging over straightforward deal left shareholders guessing.

OSZAR »