Tidewater Midstream and Infrastructure Ltd. says it expects to receive
$100 million in provincial government low carbon fuel credits if it proceeds with a plan to build renewable diesel and renewable hydrogen facilities at its
Prince George Refinery in B.C.
The
$215 million and
$235 million to build, which means the credits would equate to about 45 per cent of the cost.
It estimates that the asset could generate over
$75 million of adjusted earnings in its first year of operation, which could come as early as 2023.
The facility would use 100 per cent renewable feedstock and would include a pre-treatment facility to provide flexibility on various renewable sources.
(JWN Energy) Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Company”) is pleased to provide an update on various renewable energy initiatives it has been undertaking over the past 6-12 months. These initiatives include opportunities in renewable diesel, co-processing, renewable hydrogen, blue hydrogen, renewable natural gas, carbon capture, and other various renewable energy projects (together the “Renewable Initiatives”).
Renewable Diesel and Renewable Hydrogen Project
Tidewater’s largest current Renewable Initiative is a 3,000 barrels per day renewable diesel and renewable hydrogen complex located on the site of Tidewater’s existing Prince George Refinery in BC (the “
PGR“), for an estimated total project cost of $215 to $235 million. The renewable diesel and renewable hydrogen complex will be a stand-alone renewables complex focused on 100% renewable feedstock and will include a pretreatment facility to provide Tidewater significant fl
CALGARY Tidewater Midstream and Infrastructure Ltd. says it expects to receive $100 million in provincial government low carbon fuel credits if it proceeds with a plan to build renewable diesel and renewable hydrogen facilities at its Prince George Refinery in B.C. The Calgary-based company says the 3,000-barrel-per-day stand-alone complex would cost between $215 million […]
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