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TIDEWATER RENEWABLES LTD. ENTERS INTO 20-YEAR RENEWABLE NATURAL GAS OFFTAKE AGREEMENT WITH FORTISBC
TIDEWATER RENEWABLES LTD. ENTERS INTO 20-YEAR RENEWABLE NATURAL GAS OFFTAKE AGREEMENT WIT...
About this update from Tidewater Renewables Ltd.
[{"type":"text","content":"\n \n \n \n TIDEWATER RENEWABLES LTD. ENTERS INTO 20-YEAR RENEWABLE NATURAL GAS OFFTAKE AGREEMENT WITH FORTISBC\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Oct. 17, 2022\n \n \n /CNW/ - Tidewater Renewables Ltd. (\"Tidewater Renewables\" or the \"Corporation\") (TSX: LCFS) is pleased to announce that its majority owned subsidiary Rimrock Renewables Limited Partnership (\"Rimrock\") has entered into a 20-year offtake agreement (the \"Offtake Agreement\") with FortisBC Energy Inc. (\"FortisBC\"). Under the Offtake Agreement, FortisBC expects to purchase up to 525,000 gigajoules (\"GJ\") of renewable natural gas (\"RNG\") annually from a new RNG facility located in Foothills County near\n \n High River, Alberta\n \n (the \"RNG Facility\").\n \n \n \n \n \n \n \n \n \n \"On behalf of the entire team at Tidewater Renewables, I want to congratulate our partners at FortisBC for their leadership in climate action and look forward to working together to build a lower carbon future,\" said\n \n Joel MacLeod\n \n , Executive Chairman and CEO. \"The 20-year Offtake Agreement by FortisBC marks a significant milestone for the RNG Facility and enhances the economic certainty of the project.\"\n \n \n \"One of the many ways we're working to reduce greenhouse gas emissions is by increasing the amount of renewable and low carbon gases, like RNG, in our system,\" said\n \n David Bennett\n \n , director of renewable gas and low carbon fuels at FortisBC. \"And it is with agreements like these, with dedicated RNG suppliers such as Tidewater Renewables, that we can make commitments to r...