Climate actions rolled into asset management plan

The second step towards Port Otago’s climate change related goals was to “Embed our adaptation plan into the asset management plan”. This step is now complete. 

Our asset management plan provides a company-wide overview of asset risk points and timeframes for the replacement of high-cost capital assets. It includes physical infrastructure, such as our wharves, which are particularly vulnerable to climate change impacts. 

GM Marine & Infrastructure Grant Bicknell says the asset management plan now includes controls to monitor wharf health and possible actions. “For example, there is a new innovative coating that can be applied to steel that minimises the effect of ocean water and wave impact – both of which cause spalls and rusting on the underside of wharves. We haven’t used the product to date, as it was considered expensive and unnecessary. However, in light of climate change threats, it may provide an option to protect our wharves, improve their longevity and reduce risk.”

Decarbonisation roadmap 

Also now included in the asset management plan are the asset-related aspects of our long-term decarbonisation roadmap, prepared last year by logistics consultant Portwise. Milestones within the plan flag when it is timely to consider transitioning to lower-emission mobile plant.

Grant: “We will use the asset management plan to prepare for asset end-of-life replacement and, in the lead up to that time, review available technology.”