company overview
Braya Renewable Fuels is converting the Come By Chance refinery into a world-class renewable diesel and sustainable aviation fuel refining facility. Using state of the art, proven technology and drawing on the experience of the local community and expert leadership, Braya is poised to meet the growing global demand for renewable fuels.
Biofuels are liquid fuels derived from biomass, a renewable energy source. Second-generation biofuels, which include renewable diesel and sustainable aviation fuel, are biofuels that are chemically identical to the petroleum products they replace, but with a much lower carbon footprint.
Whereas first-generation biofuels, which dominate the current market, must be blended with petroleum-based fuels to power standard engines and infrastructure, second-generation biofuels can be consumed as a 100% replacement product for diesel. No blending needs to occur. Second-generation biofuels are a clean, affordable, and high-value way to power the heavy transport and aviation sectors without disruption.
leadership
Todd O’Malley
CEO
Todd joined Braya as Chief Executive Officer in October 2023. Before joining Braya, Todd was Executive Vice President and Chief Operating Officer of Delek US Holdings, Inc., and Delek Logistics Partners, LP. Prior to joining Delek in 2021, Todd served as a special advisor to a number of private equity and public company CEOs and boards regarding corporate strategy, M&A/divestments, financial structuring, and commercial optimization. He has previously held C-suite positions at Citizens Companies (President and CEO), Gulf Oil (EVP and Chief Commercial Officer), PBF Logistics (President), and PBF Energy (SVP and Chief Commercial Officer). He has also worked extensively in the investment banking, hedge fund, commodity trading, and electric and natural gas sectors. He holds an undergraduate degree from Colgate University (Cum Laude) and an MBA from Thunderbird School of Global Management.
Jim Stump
President of Refining
Jim has over 30 years of refining experience across operational and leadership roles at sites across the United States. Prior to joining the Braya team, Jim most recently pioneered the successful conversion of the HollyFrontier Cheyenne refinery to renewable diesel operations. He is committed to safety and quality across the operations he supervises and will ensure that Braya Renewable Fuels sees safe and efficient results as it produces renewable fuels.
Steven Basler
Chief Commercial Officer
Steven Basler has over a decade of experience trading and operating physical renewable fuels and environmental attributes at prominent commodities trading houses. Steven served as a key advisor to Cresta in the acquisition of the refinery and its conversion to renewable diesel. Prior to joining Cresta, Steven spearheaded the build-out of several vertically integrated renewable fuels businesses at Chemoil, Noble Americas, and Gunvor. Steven will continue to assist Braya with a focus on feedstock sourcing and product offtake.
investment date
December 2024
Industry
Clean Energy
headquarters
Come By Chance, Newfoundland, Canada