Dallas-based Braya Renewable Fuels has started commercial operations at the revamped Come By Chance refinery in Newfoundland and Labrador, the company said Feb. 22.

The once-idled petroleum refinery was awakened in November 2021 when Cresta Fund Management acquired a controlling interest in the site, setting it on course for a conversion project. With an initial production capacity of 18,000 bbl/d, the refinery is now producing renewable diesel, according to a news release. Future plans include production of sustainable aviation fuel and possibly green hydrogen production.

“This is an exciting time for Braya as they commence commercial operations, and it demonstrates the tremendous effort and specialized expertise the team has applied to successfully achieve this complex conversion,” said Chris Rozzell, Braya’s board chairman and Cresta’s managing partner. "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.”

The startup of commercial operations comes as companies look to lower-carbon fuel sources to reduce greenhouse gas emissions. Made from fats and oils instead of petroleum, renewable diesel is processed to be chemically the same as petroleum diesel. Feedstocks used by Braya include soybean oil and distiller’s corn oil.

“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 CEO Todd O’Malley said.

The project supported more than 300 jobs during construction and will provide 200 full-time jobs to support ongoing operations, the news release states.

Cresta is a majority owner and controlling investor in Braya. Other owners include Silverpeak-managed North Atlantic Refining Corp. and Energy Capital Partners.

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