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TIDEWATER RENEWABLES LTD. WELCOMES THE GOVERNMENT OF CANADA'S SUPPORT FOR THE CANADIAN BIOFUELS SECTOR
TIDEWATER RENEWABLES LTD. WELCOMES THE GOVERNMENT OF CANADA'S SUPPORT FOR THE CANADIAN BIOFUELS S...
About this update from Tidewater Renewables Ltd.
[{"type":"text","content":"\n\n\n\n TIDEWATER RENEWABLES LTD. WELCOMES THE GOVERNMENT OF CANADA'S SUPPORT FOR THE CANADIAN BIOFUELS SECTOR\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Sept. 5, 2025\n \n\n /CNW/ - Tidewater Renewables Ltd. (\"Tidewater Renewables\" or the \"Corporation\") (TSX: LCFS), owner of\n \n Canada's\n \n first renewable diesel refinery, welcomes the Government of\n \n Canada's\n \n announcement of a new Biofuels Production Incentive and support for the Canadian biofuels sector.\n \n\n\n\n\n\n\n\n\n On\n \n September 5\n \n\n th\n \n , 2025, the Government of\n \n Canada\n \n announced that it intends to introduce a new Biofuels Production Incentive, a time-limited production incentive which will provide over $370 million over two years to support the stability and resiliency of domestic producers of biodiesel and renewable diesel. The Biofuels Production Incentive is expected to be provided on a per litre basis to eligible Canadian producers of biodiesel and renewable diesel and is expected to be available from\n \n January 2026\n \n to\n \n December 2027\n \n for up to 300 million litres per facility. Further details about the Biofuels Production Incentive are expected from Natural Resources Canada in the coming weeks.\n \n\n The Corporation's renewable diesel refinery in\n \n Prince George, British Columbia\n \n is expected to produce between 150 million and 170 million litres per year during 2026 and 2027. This anticipated production positions the Corporation to benefit from the announced program and is expected to support improved cash flow and returns over the eligible period.\n \n\n The Government of\n \n Canada\n \n also announced its intention to make targeted amendments to the Clean Fuel Regulations, and to work with provinces and territories to explore a more complementary approach to ensure the domestic low-carbon fuels industry thrives now and in the future.\n \n\n \"We are grateful for the support from the Government of\n \n Canada\n \n in levelling the playing field for Canadian renewable...