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A renewable fuels plant in British Columbia developed by a JV of Tidewater Midstream and Infrastructure and Tidewater Renewables.
The project, located in British Columbia, has a daily output of a new 6,500 bbl and it produces renewable diesel and sustainable aviation fuel.
The parties have the right to participate in up to 50% of the project upon a final investment decision.
A bankable FEED study is expected to be complete in the first half of 2025.