Braya Renewable Fuels has raised a $300M funding round to produce renewable fuel for the aviation industry.
Energy Capital Partners was the lead investor.
- Braya Renewable Fuels owns the Come By Chance Refinery, which is currently being converted to a renewable fuel operation.
- The
refinery plans to produce second-generation renewable biofuel and
sustainable aviation fuel to help decarbonize the heavy road transport
and aviation sectors.
- Second-generation biofuel can be consumed as a 100% replacement product for diesel without the need for chemical blending.
- The
project is planned to produce 18,000 barrels of low-carbon renewable
fuel on a daily basis, with a plan for expansion in the imminent future.
- The company is based in Canada.
