Braya Renewable Fuels, formerly the North Atlantic Refinery, is shown in Come By Chance, N.L., on Tuesday, Oct. 6, 2020.  THE CANADIAN PRESS/Paul Daly

COME BY CHANCE, NEWFOUNDLAND AND LABRADOR –  The Minister of Natural Resources Jonathan Wilkinson, and Minister of Labour Seamus O’Regan, on behalf of Minister of Innovation, Science and Industry François-Philippe Champagne, announced up to $86 million in federal investments, subject to final negotiations, to convert the oil refinery in Come By Chance, Newfoundland and Labrador, into a “world-class renewable diesel facility that will create hundreds of middle-class jobs, grow the economy and help power the province’s low-carbon future,” according to a Government of Canada release.

“The federal support will enable Braya Renewable Fuels to commercialize its production of renewable diesel and sustainable aviation fuel. When completed later this year, the project is expected to sustain 200 full-time jobs while creating 800 local jobs during its construction,” the release said.

The funding announcement — made possible through Natural Resources Canada’s Clean Fuels Fund and Innovation, Science and Economic Development’s Strategic Innovation Fund — capped Minister Wilkinson’s visit to Newfoundland and Labrador on May 31. In addition to the Clean Fuels Fund, the Government of Canada has also created the Clean Fuel Regulations, which support the growth of the clean fuel sector while being designed to keep life affordable for the middle class.

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Wilkinson said, “Projects like this are an example of what clean fuels mean for the Atlantic — hundreds of good, middle-class jobs, strong local economies and a healthy future for our kids. Newfoundland and Labrador has the resources, people and ambition to become a clean energy and technology supplier of choice in a net-zero world. I’m very pleased to be working with them to realize that potential.”

“Innovation is the key to a cleaner, greener future. That’s why our government is proud to support Braya Renewable Fuel’s project to develop clean fuels for the future of aerospace and air transportation. This is our vision in action — we are taking an old oil refinery and transforming it into a modern facility that produces low-carbon fuels. The transformation of the Come by Chance plant will give Canada an unparalleled advantage in tomorrow’s green economy by helping us achieve our net-zero goals and will create good jobs for Newfoundlanders,” Champagne said.

 

Frank Almaraz, CEO of Braya Renewable Fuels, said, “We sincerely thank the Government of Canada for its support of our efforts to convert the refinery in Come by Chance into a renewable diesel and sustainable aviation fuel facility. It is a vital asset to the province, providing hundreds of jobs during construction and 200 sustainable jobs during ongoing refinery operations. Braya’s world-class conversion project strongly positions our region as a leader in renewable fuel production, supporting clean energy growth and 2050 net-zero emissions targets.”

On April 20, Braya Renewable Fuels announced a $300 million preferred equity investment from Energy Capital Partners (ECP), a energy transition focused investor in the electricity, clean energy, renewable and sustainable infrastructure sectors.

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The investment from ECP completes the financing for the conversion of Braya’s Come-By-Chance refinery to renewable fuel operations, which processes and refines renewable feedstocks for renewable fuel production and builds on Braya’s recent agreement with ABO Wind for the joint development of green hydrogen production at the facility. The proposed multi-phased ABO Wind project will provide hydrogen for Braya’s needs as well as green ammonia for global export. Combined, these fuels – renewable diesel, sustainable aviation fuel, hydrogen, and ammonia – will provide alternatives to fossil fuels and reduce the emissions associated with hard-to-abate sectors such as heavy transport, aviation and heavy industry.

Once operational, the project will initially supply 18,000 barrels per day of low carbon renewable fuel with expansion plans to increase capacity and enhance production of sustainable aviation fuel, Braya said.

Also on May 31, Wilkinson used his keynote address at the Energy NL conference “to highlight the ongoing federal–provincial partnership to drive clean growth and create jobs in Newfoundland and Labrador,” the release said.

This initiative includes the Government of Canada’s introduction May 30 of proposed amendments to expand the mandates of the two Atlantic Accord Acts to include the regulation of offshore renewable energy.

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The minister also spoke to the  release of the Newfoundland and Labrador Collaboration Framework under the Regional Energy and Resource Tables . A draft version of the framework — informed by early discussions with Indigenous partners and the initial input of labour and industry representatives — identifies four areas of opportunity for Newfoundland and Labrador to excel in a low-carbon economy: critical minerals; wind and hydrogen; electrification; and carbon capture, use and storage.

As well, Wilkinson also announced an investment of $150,000 in Econext, in partnership with Energy NL, to launch an awareness campaign on hydrogen and the technologies used to produce it locally. Federal funding for this project is provided through Natural Resources Canada’s Clean Fuels Awareness initiative, which supports innovative projects that aim to address awareness and knowledge gaps among Canadians and industry on all clean fuel types and clean fuel technologies across all industries, commercial applications and the general public.

Braya Renewable Fuels owns and operates the Come By Chance Refinery, located in Newfoundland and Labrador, and is converting it to renewable fuel operations. The refinery has been renamed Braya Renewable Fuels after the provincial braya flower and is strategically located to deliver fuels to a variety of end markets. The refinery plans to produce renewable fuel and sustainable aviation fuel to help decarbonize the heavy road transport and aviation sectors.

 

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