The intersection of refining [which I know nothing about] and agriculture [which I know a bit about] makes me a little uneasy. Using arable land seems a poor substitute for responsibly developed oil resources, and uncertainty of feedstock supply or cost will make the project reliant on LCFS credits.
https://www.reuters.com/business/energy/stinkweed-false-flax-oilseeds-race-reap-biofuel-bonanza-2021-05-26/
Supplies of soybeans and canola are dwindling rapidly, with not enough produced to keep up with global demand for food and feed products, let alone greener fuels like renewable diesel. Prices have rocketed, contributing to food inflation around the world.
The new candidates, which include carinata and camelina - known as false flax - also represent potential "cover crops", off-season sources of revenue for farmers to help insulate them from market downturns.
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Joel MacLeod, CEO of Tidewater Midstream and Infrastructure (TWM.TO), is planning to produce 3,000 barrels per day of renewable diesel and renewable hydrogen in total at its refinery in Prince George, British Columbia.
"On camelina and carinata, we definitely have an interest," he said. "But we can't have massive swings in our blend, month over month."