07:19 AM EST, 01/07/2025 (MT Newswires) -- Tidewater Renewables ( TDWRF ) overnight Monday said it has filed an anti-subsidy and anti-dumping duty complaint with the Canada Border Services Agency (CBSA), targeting what it describes as "unfairly traded imports" of renewable diesel from the United States that undermine the Canadian industry.

If successful, duties valued at between $0.50 and $0.80 per litre could be imposed at the Canada/U.S. border to counter the subsidized and dumped U.S. renewable diesel imports. These measures are essential to remedy and offset U.S. subsidies, such as the Blender's Tax Credit and the upcoming Production Tax Credit, which allow U.S. producers to export renewable diesel to Canada at artificially low prices, the company said.

According to a statement, the CBSA may initiate an investigation next month, with preliminary duties potentially being imposed as early as May. Final duties, which will be subject to a ruling by the Canadian International Trade Tribunal, may be imposed by September.

"Our legal action is necessary to restore fairness in the marketplace, protect our employees and shareholders, and secure the long-term viability of Canada's renewable diesel industry," said Chief Executive Jeremy Baines.