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Bullboard - Stock Discussion Forum 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... see more

TSX:TWM - Post Discussion

Tidewater Midstream and Infrastructure Ltd > Stinkweed to false flax: oilseeds race to biofuel bonanza
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Post by fauxtomato on May 26, 2021 11:26am

Stinkweed to false flax: oilseeds race to biofuel bonanza

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.

.....
 

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."

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