TSX:LCFS - Post Discussion
Post by
wynner on Nov 01, 2022 10:19pm
LCFS credits. Hydrogen is about $16000 per tonne. Maybe.
The Government of BC is providing 275,750 BC LCFS credits to partially fund construction of the HDRD Complex, which management has begun monetizing through sale agreements with investment-grade companies.
Pursuant to the Renewable Diesel Project Part 3 Agreement, an aggregate of 275,750 BC LCFS credits will be granted upon satisfaction of certain project milestones. At June 30, 2022 approximately 49% of these BC LCFS credits have been awarded by the BC Government.
Construction of the Corporation’s HDRD Complex continues to progress with multiple key milestones being achieved through summer construction and first renewable diesel production expected in the first quarter of 2023. Renewable diesel margins remain favorable, and Tidewater Renewables continues to progress its renewable feedstock strategy to secure low-cost feedstock for its 3,000 bbls/d HDRD Complex.
Renewable Fuel Assets
The Corporation’s renewable fuel assets are co-located at Tidewater Midstream’s Prince George Refinery. Tidewater Renewables’ operating assets include Canola Co-Processing infrastructure and a steam methane reformer, used for hydrogen production,
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