Braya Renewable Fuels begins commercial operations

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Braya Renewable Fuels (Braya) has achieved commercial operations at its Come By Chance facility in Newfoundland and Labrador, Canada.
This marks the successful completion of its refinery conversion project and is 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. “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 anticipates 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.
The on-site production of renewable diesel, sustainable aviation fuel, and green hydrogen offers proven alternatives to fossil fuels and significantly decreases the carbon emissions linked to hard-to-abate sectors such as heavy-duty transport, aviation, and heavy industry.
Cresta Fund Management (Cresta), a Dallas-based private equity firm, acquired a controlling interest in the once-idled petroleum refinery in November 2021 and, through this conversion project, has resurrected a vital asset for the local Newfoundland and Labrador community.
The conversion project supported more than 800 jobs during the construction phase and will now provide 200 stable, full-time positions to support ongoing operations.
“This is an exciting time for Braya as they commence commercial operations, and it demonstrates the tremendous effort and specialised expertise the team has applied to successfully achieve this complex conversion,” said Braya’s chairman of the board and Cresta’s managing partner, Chris Rozzell.
“Braya will now play a key role in the energy transition, fueling a low-carbon economy and creating long-term value for its investors and stakeholders.”

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