Come By Chance refinery renames Braya Renewable Fuels

In Canada, Cresta Fund Management, a Dallas, Texas-based private equity fund, acquired a controlling interest in the Come By Chance refinery facility in Newfoundland and Labrador in late-2021 and has been working to build the senior leadership team and convert the facility to renewable diesel and sustainable aviation fuel service with initial nameplate production capacity of 18,000 barrels per day and planned commercial operations in the second half of 2022. Renamed Braya Renewable Fuels, the Come By Chance refinery is strategically located, with world-class logistics assets, to source global feedstocks and to sell renewable products into the United States, Canada, and Europe. The refinery plans to produce renewable diesel and sustainable aviation fuel, which help decarbonize sectors—heavy road transport and aviation—that are key to economic activity and have few other near-term, executable decarbonization solutions.