Marstel Terminals announced today the acquisition of the Greenstone Energy Wynyard wharf terminalling assets in Auckland. These assets, formally owned by Shell New Zealand, are strategically located in the Western Reclamation Area, Wynyard Precinct.

The terminal has a total of 36 tanks and is a critical infrastructure asset serving the chemical, marine and bitumen/road related industries throughout the Auckland region and beyond.

Marstel Terminals is a privately owned, independent bulk liquids storage company that has been operating for 21 years, specialising in handling hazardous bulk liquid chemicals and is currently experiencing continued growth of its petroleum, vegetable oil and tallow terminalling business. Marstel now has 10 facilities in Australasia and employs 50 people.

The Wynyard terminal is another important step in the diversification of Marstel’s business and this new acquisition demonstrates Marstel’s position as a significant participant in the bulk liquids industry across various industry sectors throughout Australasia. Marstel continue to seek new opportunities in the bulk liquid sectors and provide Smart marketing alternatives to the status quo.

Marstel is very positive about the future prospects for the Wynyard terminal and the continued relationship with Greenstone Energy, in providing a New Zealand solution for the chemical, bitumen/road and marine industries.

Marstel has extended the leases for their respective sites in Freemans Bay to 2022 but in any event, has commitment from Auckland Council’s/Supercity, to find a viable alternative to Wynyard within the lease extension period. This will provide long term continuity to Marstel’s terminal users.