Tidewater Renewables’ renewable diesel production hits commercial production
In Canada, Tidewater Renewables’ HDRD Complex produced its first renewable diesel on October 22 and, as of November 7, has progressed to commercial operations. The facility is currently producing approximately 1,500 bbl/d of on-spec cold weather diesel and the corporation is actively working on safely increasing production rates towards the facility’s 3,000 bbl/d design capacity.
Gross project costs are expected to increase by $10.2 million, due to increased man-hours resulting from the delay in commercial operations and the addition of incremental insulation and heat tracing. However, the project’s economics remain attractive, with payback expected within two to three years. The HDRD Complex makes Tidewater Renewables the first standalone producer of renewable diesel in Canada.