Title:
Renewable fuel production facility
Agreement Value:
$49,500,000.00
Agreement Date:
Aug 2, 2021 - Dec 31, 2023
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.
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:
The Amendment has been completed to extend the project agreement end date from 2042-04-30 to 2043-04-30. This is a repayable contribution.
Amendment Date
Mar 21, 2023
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 Stream2- 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.