Tidewater Renewables reported record adjusted EBITDA and record renewable diesel throughput of 3,411 barrels per day in Q3, running at 114% utilization. The company also cited strong renewable diesel margins, Prince George refinery runs near capacity, and substantial debt reduction.
Management flagged weaker BRC volumes, Ram River curtailment and regulatory uncertainty as challenges.
Strong renewable diesel output and margins signal continued demand for low-carbon feedstocks such as fats and oils used in biofuel production. The effect on feed-commodity prices is limited.
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