tidewater renewables..new name Tidewater is encouraged by the resilience of the PGR asset in an unprecedented time with crack spreads holding steady around $50/bbl. This demonstrates the refinery's long-term value in servicing the markets in which it operates. Demand for diesel continues to exceed diesel production as a result of large infrastructure projects including Coastal GasLink, Site C Dam, LNG Canada and the TransMountain pipeline expansion.
The Corporation continues to evaluate opportunities to develop future low-carbon fuel and renewable energy projects at PGR and expansion. These include expanding existing hydrogen assets and continuing to expand canola co-processing and the potential for a large scale renewable diesel project with potential support from the provincial government. Additionally, Tidewater is also pursuing numerous low capital and high rate of return debottleneck and optimization opportunities within its downstream business unit.