Denmark-headed Haldor Topsoe A/S, a global leader in high-performance catalysts and proprietary technologies for the chemical and refining industries has revealed that its "HydroFlex" solution has been chosen for revamping the Braya Renewable Fuels refinery (Braya) in Newfoundland and Labrador, Canada.
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Cresta Fund Management (Cresta), a Dallas, Texas (TX) based private equity fund, acquired a controlling interest in the North Atlantic Refining Company (NARL) and its Come By Chance refinery in late-2021.
We are extremely excited about the future of the renewable fuel industry and the role Braya will play in this fast-growing space. 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 Frank Almaraz, on his appointment as CEO of Braya in February 2022.
Cresta has since renamed it Braya Renewable Fuels refinery and decided to convert the facility to produce renewable diesel and sustainable aviation fuel (SAF).
We’re proud to be associated with this new chapter for the refinery as it fully transitions from fossil fuels to the production of sustainable aviation fuel and renewable diesel fuels that will be critical to decarbonizing the aviation and heavy transport sectors, said Chris Rozzell, Managing Partner at Cresta.
The initial nameplate production capacity is 18 000 barrels per day, with plans for future capacity expansion. The startup of renewable fuels production is expected in the second half of 2022.
We also applaud the concrete steps the Government of Canada is taking to meet its climate objectives, and we look forward to a collaboration to position Braya Renewable Fuels to play a vital role in boosting the country’s capacity to produce clean fuels, Chris Rozzell said.
The Braya refinery is strategically located, with world-class logistics assets, to source global feedstocks and sell renewable products into the United States, Canada, and Europe.
The refinery will be world-scale – one of the top five largest in the world at startup. The refinery’s hydrocracker and diesel hydrotreater will be revamped to produce renewable diesel and SAF from various renewable feedstocks.
We are proud to be part of this exciting refinery revamp with Cresta and to support their ambition to deliver renewable diesel and jet fuel for the local and global markets, said Henrik Rasmussen, Managing Director of Haldor Topsoe Americas.