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Come By Chance refinery sold, will become biofuel operation by mid-2022

Come By Chance refinery finds an owner with plans to switch to renewable fuel, says union president

Come By Chance refinery finds an owner with plans to switch to renewable fuel, says union president Worries about the idled Come By Chance oil refinery could be over, as the facility has been bought by United States-based private equity firm Cresta Fund Management, a union representative confirmed on Tuesday.  Social Sharing CBC News · comments The Come By Chance refinery may have found new owners which will keep the facility open to create biofuel. (Silverpeak) Worries about the idled Come By Chance oil refinery could be over, as the facility has been bought by United States-based private equity firm Cresta Fund Management, a union representative confirmed on Tuesday. 

Canada s Come By Chance may be converted into renewable diesel facility : Biofuels Digest

In Canada, the idled Come By Chance refinery owned by North Atlantic Refining Limited Partnership may be sold to Cresta Fund Management and converted into a renewable diesel facility. The facility was idled last spring in response to the global COVID-19 pandemic and since then the provincial government has floated NARL millions of dollars to keep more than 200 full-time jobs going while the company found a buyer. Fewer jobs would be needed for the renewable diesel conversion but it is felt that fewer jobs is better than a permanent shutdown and a loss of all jobs.

Net Zero: Net-zero emissions targets become law in the EU

Net Zero: Net-zero emissions targets become law in the EU
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