econext celebrates first commercial production of clean fuels in Newfoundland and Labrador

For Immediate Rlease
February 27, 2024

econext is congratulating Braya Renewable Fuels on a significant milestone achieved this month – first commercial production of its renewable diesel product.

“This is a major milestone for Newfoundland and Labrador which is positioning itself to be a global energy transition and clean fuels leader,” said Kieran Hanley, CEO of econext.

Braya Renewable Fuels operates the Come By Chance Refinery which has been retrofitted to produce renewable diesel – a product that can directly displace traditional diesel with much lower greenhouse gas (GHG) emissions. This fuel will support the energy transition by decarbonizing hard-to-abate sectors such as heavy-duty transport, aviation, and heavy industry.

Image courtesy of Braya Renewable Fuels

Hanley said econext expects the milestone to be one among many in the years ahead. “There are several projects being explored within the province that would be internationally significant in terms of their contribution in the fight against climate change,” he said, referring to a series of wind-to-hydrogen projects that are in various stages of development.

“These types of projects not only allow for Newfoundland and Labrador to make an important contribution to the world’s pursuit of net zero GHGs, but also create good jobs, business opportunities, and community investment here at home.” Hanley said it is notable that many of the proposed projects are located in rural areas of the province and present great opportunity for rural revitalization in Newfoundland and Labrador.

Hanley said that the province has a number of competitive advantages from untapped renewable resources, geography and port infrastructure, available land and water, and more which position it for success in a world that is quickly moving to address GHGs.

“Braya’s project is the first to achieve commercial production in Newfoundland and Labrador; we congratulate those with the vision to develop and invest in this project.”

econext is an association that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

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Media Contact
Kieran Hanley
kieran@econext.ca