The federal government of Canada will support Braya Renewables’ Come By Chance refinery conversion in Newfoundland and Labrador with a CAD 86m investment.
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.
Energy Capital Partners recently made a $300m preferred equity investment in the project.
