Page 14 - NorthAmOil Week 14 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

ready for trading. environmental concerns can be considered Tidewater Renewables
The development marks a step-change in alongside cost and supply issues.
the potential for methane abatement across Georges Tijbosch, MiQ’s CEO, said: “With enters into strategic
the oil and gas industry, by creating the 350bcf of independently certified gas ready
transparency needed to enable buyers and for transacting on MiQ’s Digital Registry, we renewable natural gas and
producers to differentiate gas based on its have succeeded in creating a market capable
methane emissions. of rewarding better methane emissions feedstock partnership and
The volume of ICG, which has been issued performance.
over the last six months, equates to over “This shows that certification is moving provides operational update
100 LNG cargoes. It includes both MiQ and into the status quo, and with the entire supply
EO100TM certificates – the only credible chain now available for certification, there Tidewater Renewables is pleased to announce
and independent standards on the market for really are no limits to the rapid abatement of that it has entered into a strategic renewable
certified natural gas. methane emissions from oil and gas” natural gas (RNG) and feedstock partnership
This comes as the entire gas supply chain As global demand for gas increases, MiQ with Rimrock RNG, and Rimrock Cattle
opens for certification, with the launch of provides a ready-made solution for assessing Company (RCC). RCC and its affiliates are
MiQ’s Certified Supply Chain. Each stage of the methane emissions. one of the largest cattle feeding operations
the supply chain, from production to boosting The MiQ registry is the single source in North America. The partnership will
and gathering, processing, transmission and of truth on MiQ certificates, tracking secure feedstock supply for both Tidewater
storage, liquefaction, LNG shipping and certified gas from production through to Renewables’ RNG and Renewable Diesel
regasification is given a methane intensity the retirement by the end user. The registry business units, while also accelerating the
grade that feeds into the overall grade for the creates transparency about methane diversification of the Corporation’s low
final MiQ Certificate. emissions, preventing double-counting and carbon intensity fuels product offering. The
This model allows buyers to compare, enabling end users such as utilities to claim partnership will provide a material addition
for the first time, the upstream methane the environmental credentials for their GHG to Tidewater Renewables’ RNG production
emissions of purchased gas on a level playing reporting. capabilities and is expected to be secured
field globally. MIQ, April 05, 2022 by 10- to 20-year offtake agreements with
The transparency this system creates investment grade counterparties.
on methane emissions ensures that TIDEWATER RENEWABLES, April 04, 2022

P14 www. NEWSBASE .com Week 14 07•April•2022