Tidewater Renewables Ltd. has released the voting results from its annual general meeting. Shareholders approved the election of four directors and the reappointment of Deloitte LLP as the company auditors. The company continues to focus on producing low carbon fuels, specifically renewable diesel, using feedstocks like canola oil, tallow, and used cooking oil to meet North American demand.
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Standard AGM results here. Tidewater is still pushing hard into renewable diesel. Worth keeping an eye on how they handle feedstock sourcing as they scale.
The board is set, but the real question is the actual production capacity. Do they have the infrastructure to move this volume of renewable diesel, or is it all still on paper?
Their business model depends heavily on LCFS credits and carbon intensity scores. Any shift in Canadian federal policy on fuel standards will hit these results faster than a board change will.
