The Prince George Refinery (PGR) is the sole refinery in the BC interior, serving consumer and commercial demand throughout the region

• Tidewater acquired PGR in 2019 from Husky, the refinery subsequently posted 6 and 7 year high throughput volumes in 2020 and 2021.
• PGR is strategically located in a unique market, as British Columbia and the Prince George region sit in a net refined products import position.
• Several large infrastructure projects create incremental demand, including BC Hydro’s Site C Dam, Coastal GasLink, and the Trans Mountain Pipeline.
• The PGR currently has co-processing capability, and is the site of Tidewater Renewables’ 3,000 bbl/d HDRD facility (expected online in 2023)

The Brazeau River Complex (BRC) is a gas processing and fractionation facility located in the established and growing Deep Basin

• The BRC provides a full suite of services to producers including deep cut natural gas processing, fractionation, terminalling, and gas storage
• Tidewater acquired a 100% working interest in the BRC over 2015-2016, making it a key asset for TWM since the inception.
• The plant’s extraction and straddle plant infrastructure provide enhanced value and optionality for TWM and our customers.
• Connected to a major regional demand source in TransAlta’s Sundance and Keephills power generation facilities.