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Come By Chance Refinery to Convert to Biofuel Refining by mid-2022

12/5/2021

The long running Come by Chance refinery in Newfoundland will indeed be converting over to biofuel operations by the middle part of next year, according to Cresta Fund Management. This U.S. based private equity firm purchased a majority share of the refinery in mid-2021 for this purpose.

The refinery had an original capacity of 13,000 barrels per day until it was shuttered in March 2020 due to the coronavirus and was the first such refinery in North America to do so. With Cresta Fund Management holding a controlling stake in the idled site, the project is now being reconfigured to accept a feedstock consisting used cooking oil, corn oil and animal fats. The project has also been renamed as “Braya Renewable Fuels” moving forward. Initial production capacity at the site will be 14,000 barrels per day by mid-2022 with a total capacity anticipated of 35,000 barrels per day eventually. Aviation fuel and diesel are expected to be the primary products to be focused upon.