Tidewater Renewables achieves 111% utilization rate

In Canada, Tidewater Renewables reported its renewable diesel & renewable hydrogen complex achieved record average daily throughput of 3,315 bbl/d during the second quarter of 2026, representing a 111% utilization rate, compared to 2,164 bbl/d, representing a 72% utilization rate from the second quarter of 2025.

On June 19, 2026, the Corporation executed a new initiative agreement (the “New Initiative Agreement”) with the Government of British Columbia to provide additional BC LCFS Credits, further advancing its sustainable aviation fuel project toward a potential final investment decision.