Tidewater to use BC LCFS Credits to support renewable gasoline and diesel production

In Canada, Tidewater Midstream and Infrastructure Ltd. has entered into an initiative agreement with the Government of British Columbia that will provide Tidewater with BC LCFS Credits to support the production of low-carbon renewable gasoline and renewable diesel from the Fluid Catalytic Cracking co-processing infrastructure at the Prince George Refinery. The BC LCFS Credits awarded under the FCC Initiative Agreement are expected to fund, once such BC LCFS Credits are sold, approximately 50% of the cost of the renewable feedstocks required to operate the FCC co-processing infrastructure from May 2026 to April 2028, at rates of up to 300 bbl/d.