Tidewater Renewables reported third-quarter adjusted EBITDA of CAD 54.6 million as its renewable diesel complex ran at a record 3,411 barrels per day, 114% of design capacity. Management raised consolidated 2026 earnings guidance and said an all-share combination with Tidewater Midstream is expected to close around December 18, 2026.
Higher renewable diesel utilization and strong margins signal continued demand for low-carbon feedstocks such as tallow, used cooking oil and vegetable oils. The effect on feed-ingredient prices is limited.
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