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Tidewater Renewables Ltd T.LCFS

Alternate Symbol(s):  TDWRF

Tidewater Renewables Ltd. is a multi-faceted energy transition company. The Company is focused on the production of low carbon fuels, including renewable diesel. The Company is focused on turning a variety of renewable feedstocks, such as tallow, used cooking oil, distillers corn oil, soybean oil, canola oil and other biomasses into low carbon fuels. Its assets are located in Alberta and British Columbia. Its renewable fuel assets are co-located at the Prince George Refinery (the PGR). Its assets at the PGR include the Renewable Diesel & Renewable Hydrogen (HDRD Complex), canola co-processing infrastructure, the fluid catalytic cracking (FCC) co-processing infrastructure and working interests in various other refinery units. Through the production of renewable fuels, it generates operating emission credits, including the British Columbia Low Carbon Fuel credits (BC LCFS) and the Canadian Clean Fuel regulations (CFR) credits, which are sold to various counterparties.


TSX:LCFS - Post by User

Post by longrun86on Sep 29, 2024 3:36pm
710 Views
Post# 36246135

BC Low Carbon Fuel Market Pricing

BC Low Carbon Fuel Market Pricing

For those keeping any eye on the situation, the BC Governament maintains a "spreadsheet" with the volume and pricing.

Link here[url=https://https://www2.gov.bc.ca/gov/content/industry/electricity-alternative-energy/transportation-energies/renewable-low-carbon-fuels/credits-market]https://www2.gov.bc.ca/gov/content/industry/electricity-alternative-energy/transportation-energies/renewable-low-carbon-fuels/credits-market[/url]

Its very clear that the value of both LCFS and TWM are significantly impacted by this. 

As to whether or not the BC election will have an impact on this is unknown; however, it seems as though this is a low priority compared to things voters care about. On the conference call it was clear that without changes from the government, their are crazy loopholes for US based providers to double dip and for this reason, the market is effectively broken. You can see this in both the July and August credit market volumes.

I would appreciate if anyone has any unique insights on the situation.

LR

 

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