RE:RE:RE:RE:RE:News sum aryApparently the project was in the works by Husky at the time of the acquisition and has just come even more on trend [as they say?] in the last year. I think the funding plan will say a lot about the economics of the project, and the eventual net benefit to TWM. I'm not complaining.
https://www.forbes.com/sites/timtreadgold/2020/09/22/a-rare-piece-of-good-news-for-oil-refiners-renewable-diesel/?sh=400a2a3f280f
“Project economics are robust, with returns in excess of 30%-to-40%, supported by government subsidies.”
With all of this data out there, between the persistently high crack spreads, potentially lucrative renewable diesel project in the wings
Argument ends on Pioneer next week so hopefully a decision on that is coming