Energy Capital Partners Invests $300M in Braya Renewable Fuels

April 20, 2023

Energy Capital Partners provided a USD $300 million preferred equity investment into Braya Renewable Fuels to complete financing for converting the Come By Chance refinery in Newfoundland and Labrador to renewable fuel operations. ECP joins existing owners Cresta Fund Management and North Atlantic Refining Corp. (managed by Silverpeak) to support production of renewable diesel, sustainable aviation fuel, green hydrogen and ammonia with initial output planned at 18,000 barrels per day and expansion potential.

Buyers
Energy Capital Partners
Targets
Braya Renewable Fuels
Industry
Renewable Energy
Location
Newfoundland and Labrador, Canada
Transaction Type
Growth capital

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