South Island Resource Recovery Limited
Case number(s)
Decision date
DecisionConsent granted
Section 12(1)(a) and Section 13(1)(c) Overseas Investment Act 2005
Decision makerThe Minister for Land Information and the Associate Minister of Finance
Decision date18 March 2024
Pathway(s)Sensitive land – Benefit test
Significant business assets
InvestmentAcquisition of a freehold interest in approximately 14.85 hectares of land located at Morven Glenavy Road, Waimate, Canterbury.
ConsiderationWithheld under section 9(2)(b)(ii) of the Official Information Act 1982
ApplicantSouth Island Resource Recovery Limited
China 60%
New Zealand 40%
VendorWithheld under section 9(2)(a) of the Official Information Act 1982
New Zealand 100%

The Applicant is a joint venture between China Tianying Incorporated and Renew Energy Limited.

The Land currently forms part of a dairy farm but is surplus to operations.  The land is LUC 3.

Subject to receiving the necessary resource consents, the Applicant intends to construct and operate New Zealand's first large scale waste to energy plant on the land.  The facility will convert municipal and construction solid waste into steam, water and electricity.

The main benefits to New Zealand include increased jobs, significant capital expenditure, the introduction of new technology and business skills and energy production.

Consent was granted as the Applicant met the investor test and the Investment is likely to result in benefit to New Zealand.

The Minister of Finance has decided that the Investment is not contrary to New Zealand's national interest. 

More informationRobert Huse
Anderson Lloyd (Auckland)
P O Box 399
Shortland Street
Auckland 1140