HomeNewsCanada’s Come-by-Chance Refinery Seeing New Bids to Return as a Renewable Facility

You have reached your limit of free News posts.

Please sign up for one of our PREMIUM SUBSCRIPTIONS to continue your access to Global Energy Infrastructure. 

Canada’s Come-by-Chance Refinery Seeing New Bids to Return as a Renewable Facility

2/3/2021

According to recent reports, private firm Cresta Fund Management has placed an offer to purchase a majority stake in North Atlantic Refining LTD, who owns the presently idle 135,000 barrel per day Come-by-Chance refinery in Newfoundland.  This refinery was one of the first sites in North America to shut in after the COVID-19 pandemic began to weaken demand. If successful in the stake purchase, Cresta would likely convert the facility into a renewable fuel producer, as many refiners have also planned renewable conversion to better reduce emissions.  Canada has instituted a planned new Clean Fuel Standard that will require new carbon reduction targets for fuels beginning in 2022, thereby incr

LOG IN to view this news article.

Not Yet A Subscriber? Here are Your Options.

1) Sign up to receive our monthly newsletter here and gain access to all articles and resources.

2) SUBSCRIBE to Global Energy Infrastructure and gain ACCESS to premium data for the energy industry.*

 

*Access will be granted the next business day.