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Tidewater Midstream and Infrastructure Ltd T.TWM

Alternate Symbol(s):  TWMIF | T.TWM.DB.A

Tidewater Midstream and Infrastructure Ltd. is a diversified midstream and infrastructure company with an integrated value chain across North American natural gas, natural gas liquids (NGLs), crude oil, refined product, and renewable energy markets. The Company's operations include downstream facilities, natural gas processing facilities, NGLs infrastructure, pipelines, storage, and various renewable initiatives. It also markets crude, refined products, natural gas, NGLs and renewable products and services to customers across North America. Its key midstream assets include the Brazeau River Complex and Fractionation Facility (BRC), a full-service natural gas and NGL processing facility with natural gas storage pools, and the Ram River Gas Plant, a sour natural gas processing facility with sulfur handling solutions and rail connections. Its key downstream asset is the Prince George Refinery (PGR), the sole light oil refinery within the interior British Columbia market.


TSX:TWM - Post by User

Comment by wynneron Oct 16, 2024 7:03pm
157 Views
Post# 36269103

RE:Out with the old.....in with the renewables

RE:Out with the old.....in with the renewables

Not my first rodeo.

Phillips 66 Achieves Full Production Rates of Renewable Fuel

June 26, 2024
 

Rodeo Renewed project increases output to approximately 50,000 barrels per day (BPD)

 Phillips 66 (NYSE: PSX) today announced the full conversion of the Rodeo Renewable Energy Complex, expanding commercial-scale production and positioning the company as a leader in renewable fuels.

The Rodeo facility in the San Francisco Bay Area increased rates to approximately 50,000 BPD (800 million gallons per year), reaching the company’s goal of achieving full capacity by the second quarter of 2024. The announcement also marks a significant step in Phillips 66’s commitment to play a meaningful role in the energy transition and provide customers with lower-carbon solutions.

“Phillips 66 has reached another important milestone, which is a testament to our employees’ dedication to achieving our company’s strategic priorities,” said Rich Harbison, Phillips 66 executive vice president of Refining. “The facility running at full capacity supports the growing demand for renewable fuels, lowers our carbon footprint and creates long-term value for our shareholders.”

Announced in 2020, Rodeo Renewed is designed to produce renewable diesel and sustainable aviation fuel (SAF), among other products. In addition to supplying California markets, the complex is providing renewable diesel in other areas along the West Coast.

The Rodeo complex includes new pre-treatment units that process lower carbon intensity feedstocks, such as used cooking oil, fats, greases and vegetable oil. It began producing approximately 30,000 BPD of renewable fuel at the end of the first quarter of 2024.


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