In Canada, The Canadian Government announced up to $64.3 million in federal investments, subject to final negotiations, to convert the oil refinery in Come By Chance, Newfoundland and Labrador, into a world-class renewable diesel facility that will create hundreds of jobs and help power the province’s low-carbon future.
The federal support will enable Braya Renewable Fuels to commercialize its production of renewable diesel and sustainable aviation fuel. When completed later this year, the project is expected to sustain 200 full-time jobs while creating 800 local jobs during its construction.
The funding announcement was made possible through Natural Resources Canada’s Clean Fuels Fund and Innovation, Science and Economic Development’s Strategic Innovation Fund.
“Innovation is the key to a cleaner, greener future. That’s why our government is proud to support Braya Renewable Fuel’s project to develop clean fuels for the future of aerospace and air transportation. This is our vision in action — we are taking an old oil refinery and transforming it into a modern facility that produces low-carbon fuels,” said François-Philippe Champagne, Minister of Innovation, Science and Industry.
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