The Canadian International Trade Tribunal Terminates Its Preliminary Injury Inquiry In Respect Of Tidewater Renewables Ltd’s Countervailing (Anti-subsidy) And Anti-dumping Duty Complaint Relating To Imports Of Renewable Diesel From The United States
CALGARY, AB, May 6, 2025 /CNW/ – Tidewater Renewables Ltd. (“Tidewater Renewables” or the “Corporation”) (TSX: LCFS) has been advised that the Canadian International Trade Tribunal (the “Tribunal”) issued a decision to terminate its preliminary injury inquiry in respect of Tidewater Renewables’ countervailing (anti-subsidy) and anti-dumping duty complaint relating to imports of renewable diesel from the United States (the “Investigation”). The issuance of the Tribunal’s decision ends the Investigation arising from the complaint filed by the Corporation with the Canada Border Services Agency (“CBSA”) on December 30, 2024. The Tribunal is expected to release reasons for its decision on May 23, 2025.
Tidewater Renewables is carefully reviewing its options in respect of the Tribunal’s decision with the support of its external trade law counsel. Upon receipt of the Tribunal’s reasons, the Corporation will assess all available options and legal remedies, including, but not limited to, promptly filing an amended or new complaint with the CBSA.
Jeremy Baines, Chief Executive Officer of Tidewater Renewables, said :
While we are disappointed with the Tribunal’s decision, Tidewater Renewables remains committed to free and fair trade in Canada’s renewable diesel market.
“Our view remains that the facts support a finding that unfair trade practices by the United States have caused a flood of subsidized and dumped renewable diesel into Canada. This flood of imports has significantly injured Tidewater, currently the sole Canadian producer of renewable diesel”,
READ the latest news shaping the biofuels market at Biofuels Central
The Canadian International Trade Tribunal Terminates Its Preliminary Injury Inquiry In Respect Of Tidewater Renewables Ltd’s Countervailing (Anti-subsidy) And Anti-dumping Duty Complaint Relating To Imports Of Renewable Diesel From The United States, source
