| Come By Chance Refinery | |
| Country: | Canada |
| Province: | Newfoundland and Labrador |
| City: | Come By Chance |
| Location Map: | Canada Newfoundland and Labrador |
| Location Map Text: | Location of Come By Chance Refinery in Newfoundland and Labrador |
| Coordinates: | 47.7992°N -53.9958°W |
| Operator: | Braya Renewable Fuels |
| Owner: | Cresta Fund Management |
| Founded: | 1973 |
| Capacity Bbl/D: | 18,000 |
| Employees: | 200 |
| Ref Units: | alkylation, isomerisation, distillation of crude oil, hydrocracking, reforming catalytic, cracking catalytic, desulphuration |
| Oil Tank: | 50 |
Come By Chance Refinery is a renewable diesel refinery operated by Braya Renewable Fuels in Come By Chance, Newfoundland and Labrador, Canada. It has a refining capacity of 18000oilbbl/d.
The refinery was built by John Shaheen's Shaheen Resources from 1971 to 1973, with the help of British company Procon Limited, for $155 million. The refinery began operation in December 1973 until the refinery went bankrupt in 1976, with Shaheen Resources owing about $500 million.[1] After four years of inactivity, the refinery was purchased by Petro-Canada for $10 million in 1980, but decided against reactivation, and instead sold the refinery to Bermuda-based refinery Newfoundland Processing Ltd. for $1 in 1986, which reopened it the following year.[1]
In August 1994, the Vitol Group purchased the refinery and the operating company North Atlantic Refining was founded.[2] In 2014, it was acquired by SilverRange Capital Partners, a New York-based alternative asset manager.[3] On May 28, 2020, Irving Oil announced that it was in negotiations to purchase the refinery.[4] On October 5, 2020, the sale to Irving Oil collapsed and it was announced that the Come By Chance refinery would close permanently.[5]
In November 2021, the U.S. private equity group Cresta Fund Management purchased a controlling stake of the idling refinery and announced plans to convert the plant to a biofuel operation. As part of the acquisition, the refinery was renamed to Braya Renewable Fuels.[6]
On September 2, 2022, an explosion at the refinery injured 8 workers, one, Shawn Peddle of Clarenville (formerly of Hatchet Cove) died in hospital on October 15. The cause of the explosion is currently under investigation.[7]
In late August, 2023, the Government of Newfoundland & Labrador awarded exclusive rights to pursue development of the Toqlukuti'k Wind and Hydrogen Ltd. Project to Braya partner ABO Wind. Braya had previously issued an exclusive letter of support to ABO Wind for the joint development of green hydrogen production at its refinery in Come By Chance. The Crown lands decision awarded ABO Wind exclusive rights to 267,000 acres, or 417 square miles, in close proximity to the refinery.[8]