Braya RD plant could halt operations over ‘poor margins’

Braya Renewable Fuels may halt operations at its Canada biofuels plant amid poor economic conditions.
An “economic shutdown” of the Come by Chance plant in Newfoundland may be needed due to “lower-than-normal margins and short-term market disruptions caused by the expiration of the Blenders Tax Credit,” Paul Burton, refinery manager, said in an emailed statement.
The plant, which produces renewable diesel, could be closed later this year with the permanent workforce to be retained.
Commercial operations at the facility in Newfoundland and Labrador, Canada, began earlier this year.
This marked the successful completion of its refinery conversion project and was the beginning of providing reliable renewable fuel for the energy transition.
“We are incredibly grateful for all of the hard work and dedication of the Braya team that has allowed us to achieve commercial operations at the refinery,” said Todd O’Malley, Braya’s chief executive officer at the time. “We are proud to be a cornerstone in the energy transition path and to provide stable and long-term employment opportunities in the local community.”
Braya anticipated initial production capacity of 18,000 barrels per day of renewable diesel, with future plans to expand production capacity, add sustainable aviation fuel production capabilities and explore green hydrogen production.