Braya Renewable Fuels receives a $300 Million investment from Energy Capital Partners.
Strategic capital will support conversion of Braya's refinery operations in Come By Chance,
- 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."