Grants and Contributions:

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Title:

819427

Agreement Number:

819427

Agreement Value:

$49,500,000.00

Agreement Date:

Aug 12, 2022 - Apr 30, 2044

Description:

This project will support the conversion of the traditional oil refinery in Come By Chance, Newfoundland and Labrador into one capable of producing diesel and sustainable aviation fuel from renewable plant oils.roduction facility.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The investment will allow for the continued use of a valuable regional asset, provide employment to a rural community, and support Canada's transition to a low carbon economy by increasing the global supply of renewable fuel.

Location:

Come By Chance, Newfoundland & Labrador, CA A0B1N0

Reference Number:

033-2022-2023-Q2-819427

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

828958983

Recipient Type:

For-profit organization

Additional Information:

Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from the end of the work phase of the project (31/03/2024) to the current end date of the contract (12/31/2044). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.

Amendment Date

Mar 31, 2026

Recipient's Operating Name:

North Atlantic

Recipient's Legal Name:

Braya Renewable Fuels (Newfoundland) LP

Federal Riding Name:

Bonavista--Burin--Trinity

Federal Riding Number:

10002

Program:

SIF Stream 2 - Growth

Program Purpose:

Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

339900

Amendments:

See Amendments