Braya Renewable Fuels (Braya) announced today that Todd O’Malley is joining the company as its Chief Executive Officer (CEO). Frank Almaraz, Braya’s current CEO, will stay on with Braya, focusing on Braya’s work to develop wind and green hydrogen opportunities with ABO Wind.
O’Malley has previously held C-suite positions at Delek US Holdings (COO), Citizens Companies (President and CEO), Gulf Oil (EVP and Chief Commercial Officer), PBF Logistics (President), and PBF Energy (SVP and Chief Commercial Officer).
“Under the direction of Jim Stump, Braya’s President of Refining, the project has hit several key milestones and is positioned to be the largest independently owned renewable diesel refinery in North America. I’m eager to do my part in helping the refinery in Come By Chance contribute to the ongoing effort to decarbonize heavy transport and aviation, both of which are crucial to the world’s economic activity and have limited near-term energy transition solutions.”
Chris Rozzell, Braya’s Chairman of the Board and Managing Partner of Cresta Fund Management LLC, a private equity fund based in Dallas, Texas that owns a controlling interest in Braya, added, “Todd is a great addition to Braya’s leadership team. He has an unmatched reputation in the refining industry, and we think Todd is a perfect fit for Braya as it grows into its renewable fuel production ambitions. Adding Todd to the team will also give Frank more time to focus on Braya’s green hydrogen project, which is a key growth area for its business.”
Energy Capital Partners recently made a $300m preferred equity investment in the project.
On September 6, 2023, Braya announced the successful outcome of the Crown Land Call for Bids for Wind Energy Projects, which awarded to Braya partner ABO Wind exclusive rights to pursue development of the Toqlukuti’k Wind and Hydrogen Ltd. Project. Almaraz will continue to lead the project development for Braya.
