Tidewater Midstream and Infrastructure Ltd. says it expects to receive $100 million in B.C. government low carbon fuel credits if it proceeds with a plan to build renewable diesel and renewable hydrogen facilities at its Prince George Refinery in B.C. The facility would use 100 per cent renewable feedstock and would include a pre-treatment facility to provide flexibility on various renewable sources. "Our renewable initiatives give our shareholders significant upside to increasing carbon tax, the new Canadian clean fuel standards (and) B.C. LCFS (Low Carbon Fuel Standard) compliance costs."

Source: CBC News March 11, 2021 20:50 UTC