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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

Comment by wynneron Sep 30, 2024 12:41pm
67 Views
Post# 36246984

RE:BC Low Carbon Fuel Market Pricing

RE:BC Low Carbon Fuel Market Pricing
longrun86 wrote:

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

 



Hi longrun86.
I see that there was one transaction for August at $350. See my earlier post about the possible sale from LCFS-T to TWM-T. That may be the norm for the next 9 months. TWM seems happy enough to get them at that price. I don't have any other insight apart from "the guy" from Credential Direct that buys the dip along with me.

You should follow the CARB LCFS market as well as it is rising fast since the last QTR . Now at a 6 month high of $66 US fom a low of $44US. Big change coming January to stem the glut in California.

https://www.neste.com/investors/market-data/lcfs-fuel-standard-credit-price

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