Tidewater Renewables sells interest in Rimrock Renewables for $5.41M

January 13, 2025 |

In Canada, Tidewater Renewables Ltd. sold its interest, held through a wholly-owned subsidiary, in the Rimrock Renewables Limited Partnership to Biocirc Canada Holdings Inc., an affiliate of Biocirc Group ApS, a leading global renewable natural gas developer with extensive expertise in the design, development and construction of biogas projects.

The total purchase price is C$7.8 million cash, of which C$4.7 million was received on close and a further C$3.1 million could be received upon the satisfaction of certain post-closing conditions on or before December 30, 2025.  The cash proceeds will be used to reduce outstanding debt on the Corporation’s first lien senior credit facility.

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Category: Fuels

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