Canadian tribunal terminates inquiry into Tidewater’s trade complaint against US renewable diesel

Tidewater Renewables Ltd. announced May 6 it has been advised that the Canadian International Trade Tribunal issued a decision to terminate its preliminary injury inquiry regarding Tidewater Renewables’ countervailing (antisubsidy) and antidumping duty complaint relating to imports of renewable diesel from the United States.  

The issuance of the tribunal’s decision ends the investigation arising from the complaint filed by the corporation with the Canada Border Services Agency Dec. 30.  

The tribunal is expected to release reasons for its decision May 23. 

Tidewater Renewables said it is carefully reviewing its options regarding the tribunal’s decision with the support of its external trade law counsel.  

Upon receipt of the tribunal’s reasons, the corporation said it will assess all available options and legal remedies, including, but not limited to, promptly filing an amended or new complaint with the CBSA. 

“While we are disappointed with the tribunal’s decision, Tidewater Renewables remains committed to free and fair trade in Canada’s renewable diesel market,” said CEO Jeremy Baines. 

“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,” Baines added.

“This flood of imports has significantly injured Tidewater, currently the sole Canadian producer of renewable diesel,” he said.