Braya

Braya Renewable Fuels Announces Two Significant Transactions to Support Conversion of Refinery Operations

Retrieved on: 
Thursday, November 16, 2023
Energy, Automotive, Alternative Vehicles, Fuels, Oil, Gas, Sale, Aviation, Carbon, HPS, Gasoline, Braya

Braya Renewable Fuels (“Braya”), a Newfoundland and Labrador-based producer of low-carbon intensity renewable fuels, today announced the closing of two significant transactions that support the conversion of Braya’s refinery operations and together fund the working capital needs of the company.

Key Points: 
  • Braya Renewable Fuels (“Braya”), a Newfoundland and Labrador-based producer of low-carbon intensity renewable fuels, today announced the closing of two significant transactions that support the conversion of Braya’s refinery operations and together fund the working capital needs of the company.
  • A Supply and Offtake Agreement was executed with Macquarie Energy Canada Ltd. (“Macquarie”), a subsidiary of Macquarie Group’s Commodities and Global Markets group, to provide inventory monetization for renewable feedstocks and products.
  • Simultaneously, Braya executed a USD $75 million senior secured term loan with HPS Investment Partners, LLC (“HPS”) which will be used to further Braya’s renewable diesel conversion project.
  • “These transactions represent a major milestone toward completing our renewable diesel conversion project and entering into the commercial phase,” said Todd O’Malley, CEO of Braya.

Industry Veteran Todd O'Malley Joins Braya Renewable Fuels as Chief Executive Officer

Retrieved on: 
Wednesday, October 11, 2023
Hydrogen, NL, Wind, Come By Chance Refinery, Chokecherry and Sierra Madre Wind Energy Project, Aviation, COME, Come By Chance, Management, Rare-earth element, Braya

COME BY CHANCE, NL, Oct. 11, 2023 /PRNewswire/ - Braya Renewable Fuels (Braya) announced today that Todd O'Malley is joining the company as its Chief Executive Officer (CEO).

Key Points: 
  • COME BY CHANCE, NL, Oct. 11, 2023 /PRNewswire/ - 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.
  • "We're proud of the progress Braya has made converting the Come By Chance Refinery, a previously idled oil refinery, to renewable fuel operations.
  • 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.

Braya Renewable Fuels Partner ABO Wind Receives Exclusive Rights to Develop World Class Wind and Hydrogen Project

Retrieved on: 
Wednesday, September 6, 2023
Hydrogen, RFP, COME, Come By Chance, ABO, Wind, Come By Chance Refinery, NL, Chokecherry and Sierra Madre Wind Energy Project, Transport, Renewable energy, Braya, Crown

COME BY CHANCE, NL, Sept. 6, 2023 /PRNewswire/ - Braya Renewable Fuels (Braya) is pleased to share the successful outcome of the Crown Land Call for Bids for Wind Energy Project, which awarded exclusive rights to pursue development of the Toqlukuti'k Wind and Hydrogen Ltd. Project to Braya partner ABO Wind.

Key Points: 
  • COME BY CHANCE, NL, Sept. 6, 2023 /PRNewswire/ - Braya Renewable Fuels (Braya) is pleased to share the successful outcome of the Crown Land Call for Bids for Wind Energy Project, which awarded exclusive rights to pursue development of the Toqlukuti'k Wind and Hydrogen Ltd. Project to Braya partner ABO Wind.
  • The Crown lands decision has awarded ABO Wind exclusive rights to 267,000 acres, or 417 square miles, in close proximity to the refinery.
  • "As an experienced pioneer in the development of renewable energy projects, ABO Wind will be a great partner in Braya's mission to meet the growing global demand for renewable fuels," said Frank Almaraz, CEO, Braya Renewable Fuels.
  • "Securing the land for our joint project is a significant milestone toward realizing Braya's vision to become a world leader in renewable fuels production.

Government of Canada Announces Support to Grow the Newfoundland and Labrador Clean Fuels Sector and Create Middle-Class Jobs

Retrieved on: 
Wednesday, May 31, 2023
Partnership, Braya, Come By Chance, The Honourable, Hydrogen, Natural Resources Canada, Aviation, Energy, Government, II, Wind, Come, Economic development, Natural Resources, NL, Government of Canada, Knowledge, Growth, Federation, Fund, Renewable energy, Atlantic Accord, Science, Innovation, Labour, Atlantic Ocean

The funding announcement — made possible through Natural Resources Canada's Clean Fuels Fund and Innovation, Science and Economic Development's Strategic Innovation Fund — capped Minister Wilkinson's visit to Newfoundland and Labrador today.

Key Points: 
  • The funding announcement — made possible through Natural Resources Canada's Clean Fuels Fund and Innovation, Science and Economic Development's Strategic Innovation Fund — capped Minister Wilkinson's visit to Newfoundland and Labrador today.
  • In addition to the Clean Fuels Fund, the Government of Canada has also created the Clean Fuel Regulations, which support the growth of the clean fuel sector while being designed to keep life affordable for the middle class.
  • Earlier in the day, Minister Wilkinson used his keynote address at the Energy NL conference to highlight the ongoing federal–provincial partnership to drive clean growth and create jobs in Newfoundland and Labrador.
  • That's why our government is proud to support Braya Renewable Fuel's project to develop clean fuels for the future of aerospace and air transportation.

Braya Renewable Fuels receives a $300 Million investment from Energy Capital Partners.

Retrieved on: 
Thursday, April 20, 2023
McInnes Cooper, COME, ABO, Kirkland & Ellis, ECP, Cresta, Hydrogen, Aviation, Electricity, Partner (business rank), Wind, Sidley Austin, Carbon, Marketing, Sale, Iron Stone Strategic Capital Partners, Blake, Cassels & Graydon, Lazard, Ammonia, Latham & Watkins, Norton Rose Fulbright, NL, Renewable energy, Gasoline, Braya

Strategic capital will support conversion of Braya's refinery operations in Come By Chance,

Key Points: 
  • Strategic capital will support conversion of Braya's refinery operations in Come By Chance,
    COME BY CHANCE, NL, April 20, 2023 /PRNewswire/ - Braya Renewable Fuels ("Braya"), a Newfoundland and Labrador, Canada-based producer of low-emission renewable fuels, today announced a $300 million preferred equity investment from Energy Capital Partners ("ECP"), a leading energy transition focused investor in the electricity, clean energy, renewable and sustainable infrastructure sectors.
  • Combined, these fuels – renewable diesel, sustainable aviation fuel, hydrogen, and ammonia – will provide alternatives to fossil fuels and reduce the emissions associated with hard-to-abate sectors such as heavy transport, aviation and heavy industry.
  • "We welcome ECP, a seasoned investor in the energy transition sector, to the Braya team," said Cresta's Managing Partner, Chris Rozzell.
  • "This investment is a major step in positioning Braya to become one of the largest independently owned renewable fuel producers in the world."

Braya Renewable Fuels Issues Letter of Support to ABO Wind Following Green Hydrogen RFP

Retrieved on: 
Tuesday, March 7, 2023
ABO, NL, Government of Newfoundland and Labrador, Carbon, RFP, Economic development, Hydrogen, Wind, First Nations, Come By Chance, Government, COME, Knowledge, Braya, Project, Renewable energy

COME BY CHANCE, NL, March 7, 2023 /PRNewswire/ - Braya Renewable Fuels is pleased to announce the issuance of an exclusive letter of support to ABO Wind for the joint development of green hydrogen production at its refinery in Come By Chance, Newfoundland and Labrador (NL), Canada.

Key Points: 
  • COME BY CHANCE, NL, March 7, 2023 /PRNewswire/ - Braya Renewable Fuels is pleased to announce the issuance of an exclusive letter of support to ABO Wind for the joint development of green hydrogen production at its refinery in Come By Chance, Newfoundland and Labrador (NL), Canada.
  • The non-binding letter of support promotes the project proposal ABO Wind intends to submit in the "Crown Land Call for Bids for Wind Energy Projects" launched by the Government of Newfoundland and Labrador.
  • ABO Wind has proposed a multi-phased, integrated project which provides green hydrogen to meet Braya's needs as well as green ammonia for global export.
  • "The entire ABO team is enthusiastic about Braya's support," said Dr. Karsten Schlageter, ABO Wind Managing Director.

COME BY CHANCE REFINERY (NOW BRAYA RENEWABLE FUELS) INTRODUCES NEW EXECUTIVE TEAM

Retrieved on: 
Wednesday, February 9, 2022
Ecoenergy, Industry, Josh, Growth, Multimedia, CPS Energy, Come By Chance Refinery, Come By Chance, Cresta, Partner (business rank), Leadership, Aircraft pilot, Clemson Energy Sustainability, Safety, Chief sustainability officer, COME, NL, CEO, Ethanol, Aviation, Engineering, Management, Oil, Renewable energy, Logistics, Braya

"Braya's new team members bring decades of energy experience and will supplement the excellent team already in place at the Come By Chance refinery.

Key Points: 
  • "Braya's new team members bring decades of energy experience and will supplement the excellent team already in place at the Come By Chance refinery.
  • The Come By Chance refinery and leadership team is well positioned to serve as a cornerstone asset to allow Braya to become a leader in renewable fuel production," said Braya Chief Executive Officer Frank Almaraz.
  • We are confident that the Come By Chance Refinery will become one of the world's premier renewable fuels facilities for decades to come."
  • Braya Renewable Fuels owns and operates the Come By Chance Refinery, located in Newfoundland and Labrador, and is converting it to renewable fuel operation.