Channel Infrastructure (ASX:CHI, NZE:CHI) has sold its fully decommissioned Continuous Catalytic Reforming platformer unit to Integrated Scope Dubai Multi Commodities Centre for $6 million, marking further progress in the redevelopment of its Marsden Point Energy Precinct, according to a Monday filing with the Australian and New Zealand bourses.

The company said the sale will eliminate around NZ$3 million in expected demolition costs.

The company has also provided an update on the progress of the Marsden Point Biorefinery project, which has expanded its scope to include fertilizer production alongside biodiesel and sustainable aviation fuel, the filing said.

The project, backed by a new partnership with Ballance Agri-Nutrients, is expected to produce up to 400 million liters of low-carbon renewable fuels annually, attract over NZ$1 billion in private investment, and advance into the early contractor involvement phase ahead of a final investment decision, the filing added.