In Canada, Tidewater Renewables Ltd. has obtained an interim extension of the maturity of its C$175 million first lien senior credit facility, and its C$25 million of additional debt capacity under the second lien term debt facility, from August 30, 2024 to September 18, 2024. This interim extension is expected to provide the Corporation with […]
In Canada, Tidewater Renewables announced a record average daily throughput of 2,925 barrels per day at its Renewable Diesel & Renewable Hydrogen Complex during Q2 2024, operating at an impressive 98% utilization rate. This robust performance contributed to a net income of $4.9 million for the quarter, up from $2.7 million in Q2 2023. These […]
In Canada, Tidewater Renewables’ HDRD Complex in Prince George, B.C., produced its first renewable diesel on Oct. 22 and, as of Nov. 7, has progressed to commercial operations. The facility is currently producing approximately 1,500 bbl/d of on-spec cold weather diesel and the corporation is actively working on safely increasing production rates towards the facility’s […]
