Tidewater Renewables eyes 2025 FID for SAF project

news
0
SHARE:

Proceso de reciclaje de aceite doméstico

Canadian energy transition company Tidewater Renewables announced that the company has made significant progress on the front-end engineering design (FEED) on the proposed 6,500bpd sustainable aviation fuel (SAF) project.

“This included integrating lessons learned from the [renewable diesel and renewable hydrogen] HDRD Complex into the SAF project’s design basis,” the company said while sharing the progress in the first quarter earnings announcement.

The company said it will continue to progress commercial arrangements and is evaluating potential offtake agreements for the SAF project.

The SAF project remains subject to a final investment decision, which is expected in 2025.

Tidewater Renewables and Tidewater Midstream and Infrastructure entered into a joint development agreement in first quarter of 2024 to develop a new 6,500 bbl/d renewable diesel and SAF project.

Both parties have the right to participate in up to 50% of the project upon a final investment decision.

The SAF facility is expected to leverage many of the same processes used in the operating HDRD Complex.

The FEED and regulatory applications are expected to be completed in 2025 and be fully funded through the sale of capital emissions credits issued under an executed incentive agreement.

Tidewater Renewables is focused on the production of low carbon fuels, including renewable diesel. The company plans to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as tallow, used cooking oil, distillers corn oil, soybean oil, canola oil and other biomasses) into low carbon fuels. 

SHARE: