- CEO
- Jeremy R. Baines
- Full Time Employees
- 79
- Sector
- Basic Materials
- Industry
- Chemicals - Specialty
- Address
- 222 3rd Avenue SW Calgary AB Canada T2P 0B4
- IPO Date
- Jul 8, 2022
- Business
- Tidewater Renewables Ltd. operates as an energy transition company focused on the production of low carbon fuels in North America. The company produces renewable diesel, renewable hydrogen, renewable natural gas, and sustainable aviation fuel from renewable feedstocks including used cooking oil, distillers corn oil, tallow, canola oil, soybean oil, and other biomasses; its flagship asset is the Renewable Diesel & Renewable Hydrogen Complex co-located at the Prince George Refinery in British Columbia, Canada, utilizing Haldor Topsoe's HydroFlex technology with nameplate capacity of 3.0 Mbbl/d renewable diesel and 23.7 MT/d (10.0 MMcf/d) renewable hydrogen, generating credits such as British Columbia Low Carbon Fuel Standard (BC LCFS), Canadian Clean Fuel Regulations (CFR), and U.S. LCFS, RINs, and BTCs; logistics connectivity includes rail and truck. Tidewater Renewables generates revenue from renewable fuels sales, emission credits, and related infrastructure; it targets transportation, industrial, and utility sectors in Canada and the U.S., with primary operations in Alberta and British Columbia. Founded in 2021 and headquartered in Calgary, Alberta, Canada, the company operates as a subsidiary of Tidewater Midstream and Infrastructure Ltd. Recent developments include the completion in September 2024 of a transaction with Tidewater Midstream, selling assets such as canola co-processing infrastructure, fluid catalytic cracking units, and a natural gas storage facility for $122 million plus liabilities assumed, accompanied by a credit purchase agreement for approximately $77.5 million in BC LCFS credits through March 2025; the refinancing and extension of first and second lien credit facilities in late 2024; the sale in January 2025 of its interest in the Rimrock Renewables Limited Partnership for $7.8 million; filing a countervailing and anti-dumping duty complaint against U.S. renewable diesel imports in late 2024, followed by Canada Border Services Agency investigation initiation and Canadian International Trade Tribunal termination of preliminary injury inquiry; a fire incident at the renewable diesel refinery reported in 2025; and welcoming British Columbia's Low Carbon Fuels Act changes effective April 2025 raising renewable diesel requirements to 8% Canadian-produced content, plus federal biofuel support. In 2024, the HDRD Complex achieved average throughput of 2,643 bbl/d or 88% utilization, producing over 170 million liters of renewable diesel sold locally in British Columbia since November 2023 commercial operations.