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Braya Renewable Fuels

Overview
Alternative Energy?
Product stageSegments
Early
?
Renewables: Next-gen Bioenergy and Sustainable Fuels
?

Braya Renewable Fuels began commercial operations at its renewable fuels production facility in Come By Chance, Newfoundland and Labrador in February 2024. The facility is set to have an initial production capacity of 18,000 barrels per day (bpd) of renewable diesel. Following this, the company intends to expand production capacity, incorporate sustainable aviation fuel production capabilities, and explore green hydrogen production.

The company plans to use low-carbon intensity feedstocks such as tallow, soybean oil, distillers corn, and canola oil to develop its renewable fuels.

Key customers and partnerships

In March 2023, Braya issued an exclusive letter of support to ABO Wind to jointly develop green hydrogen production at its refinery. This multi-phased project was expected to provide Braya with hydrogen as well as green ammonia for export purposes.

Funding and financials

Braya Renewables’ latest funding was in November 2023, when it secured a USD 75 million loan from HPS Investment Partners to support its renewable diesel conversion project. Prior to this, in April 2023, the company secured USD 300 million via a preferred equity investment from Energy Capital Partners. This funding round completed the financing for the conversion of Braya’s refinery.


HQ location:
2950 N. Harwood Street Suite 1550 Dallas TX USA
Founded year:
1986
Employees:
501-1,000
IPO status:
Private
Total funding:
USD 300.0 million
Last Funding:
Apr 2023
Private Equity
USD 300.0 million
Key competitors
 
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Company profile
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EDGE Insights

Next-gen climate and energy (Q2 2023): Fusion and climate risk analytics promises

Recent Updates

Funding
Apr 20, 2023
Braya Renewable receives USD 300 million investment from Energy Capital Partners
Alternative Energy

Funding


Investors


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