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TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES AN INITIATIVE AGREEMENT FOR FLUID CATALYTIC CRACKING CO-PROCESSING AT THE PRINCE GEORGE REFINERY
TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES AN INITIATIVE AGREEMENT FOR FLUID CATALYTIC...
About this update from Tidewater Midstream & Infrastructure Ltd.
[{"type":"text","content":"\n\n\nTIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES AN INITIATIVE AGREEMENT FOR FLUID CATALYTIC CRACKING CO-PROCESSING AT THE PRINCE GEORGE REFINERY\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\nCanada NewsWire\n\n\n(TSX: TWM)\nCALGARY, AB, Dec. 4, 2025 /CNW/ - Tidewater Midstream and Infrastructure Ltd. (\"Tidewater\" or the \"Corporation\") (TSX: TWM) is pleased to announce that it has entered into an initiative agreement (the \"FCC Initiative Agreement\") with the Government of British Columbia that will provide Tidewater with BC LCFS Credits to support the production of low-carbon renewable gasoline and renewable diesel from the Fluid Catalytic Cracking (\"FCC\") co-processing infrastructure at the Prince George Refinery. The BC LCFS Credits awarded under the FCC Initiative Agreement are expected to fund, once such BC LCFS Credits are sold, approximately 50% of the cost of the renewable feedstocks required to operate the FCC co-processing infrastructure from May 2026 to April 2028, at rates of up to 300 bbl/d.\n\n\n\n\n\n\n\nThe FCC Initiative Agreement is in addition to the previously announced hydrotreater co-processing initiative agreement (the \"Hydrotreater Initiative Agreement\") that is expected to fund, through the sale of BC LCFS Credits awarded under the agreement, approximately 50% of the cost of the renewable feedstocks required to operate the hydrotreater co-processing unit during 2026 and 2027, at rates of up to 300 bbl/d.\nCo-processing renewable feedstocks at the Prince George Refinery contributes to the Corporation's ongoing initiatives to transition to the production of lower carbon fuels. The renewable gasoline and renewable diesel produced through co-processing at the Prince George Refinery in both the FCC co-processing infrastructure and hydrotreating co-processing infrastructure, at rates of up to 600 bbl/d in the aggregate, is expected to reduce carbon emissions in British Columbia by over 60,000 metric tonnes of carbon dioxide annually, when compared to the production of conventional fuels. In addit...