Tidewater Renewables Ltd T.LCFS

Alternate Symbol(s): TDWRF

Energy Oil & Gas Refining & Marketing

Tidewater Renewables Ltd is a multi-faceted, energy transition company. The Company is focused on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. Its operating assets and projects are located in Alberta and British Columbia. The Company’s projects include the Renewable Diesel & Renewable Hydrogen Complex (HDRD Complex) at the PGR and a renewable natural gas (RNG) digestor facility in Foothills County, Alberta. Through these assets and projects, the Company supplies low carbon fuels to investment grade off takers, existing customers, government entities, Indigenous groups and others in the transportation, utilities, refining, marketing, and power industries. Its renewables’ operating assets include co-processing infrastructure and a steam methane reformer, used for hydrogen production, as well as working interests in a unifier reactor, certain utilities, storage tanks, and rail and truck racks.

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Tidewater Renewables Ltd

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Post by wynneron Nov 01, 2022 9:59pm

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Post# 35065081

Encouraging results. MD&A.

The Corporation’s renewable fuel assets are co-located at Tidewater Midstream’s Prince George Refinery. Tidewater Renewables’ operating assets include Canola Co-Processing infrastructure and a steam methane reformer, used for hydrogen production, as well as working interests in a unifiner reactor, certain utilities, storage tanks, and rail & truck racks. These assets generate revenue through take-or-pay contracts and refined product offtake agreements with Tidewater Midstream. The Corporation is expanding its renewable fuels production at PGR via construction of the 3,000 bbl/d HDRD Complex and its FCC Co-Processing Project.

The Canola Co-Processing Project continues to process canola oil into renewable diesel and renewable gasoline. To decrease commodity price exposure and protect the project’s cash flows, the Corporation has entered into vegetable oil based financial forward contracts. Tidewater Renewables continues to test alternative low-cost feedstocks, including beef tallow, through its FCC and Canola Co-Processing Projects with initial tests showing encouraging results.

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