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 10:19pm

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Post# 35065115

LCFS credits. Hydrogen is about $16000 per tonne. Maybe.

The Government of BC is providing 275,750 BC LCFS credits to partially fund construction of the HDRD Complex, which management has begun monetizing through sale agreements with investment-grade companies.

Pursuant to the Renewable Diesel Project Part 3 Agreement, an aggregate of 275,750 BC LCFS credits will be granted upon satisfaction of certain project milestones. At June 30, 2022 approximately 49% of these BC LCFS credits have been awarded by the BC Government.

Construction of the Corporation’s HDRD Complex continues to progress with multiple key milestones being achieved through summer construction and first renewable diesel production expected in the first quarter of 2023. Renewable diesel margins remain favorable, and Tidewater Renewables continues to progress its renewable feedstock strategy to secure low-cost feedstock for its 3,000 bbls/d HDRD Complex.

Renewable Fuel Assets

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,