Tidewater Renewables eyes 2026 FID for SAF project

Canadian energy transition company Tidewater Renewables said it is eyeing final investment decision for the 6,500 barrels per day sustainable aviation fuel (SAF) project in British Columbia by 2026.

The company said it continues to advance work on the project with the front-end engineering design work now complete.

“As part of this ongoing development, the Corporation is pleased to report that it has received approval from the Government of British Columbia to amend the existing initiative agreement to provide further support in the form of additional BC LCFS credits,” the company said in its second quarter earnings announcement.

“These additional credits are specifically intended to fund the further work required to reach a final investment decision for the project, which remains under evaluation and is now targeted for 2026.”

However, the company said it remains committed to the project but the ultimate decision to proceed with the SAF project is contingent upon the execution of long-term offtake agreements, provincial and federal government support, and obtaining committed financing.