[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.

[6] On September 2, 2022, an explosion at the refinery injured 8 workers, one of whom, Shawn Peddle of Clarenville (formerly of Hatchet Cove) died in hospital on October 15.

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.

[11][12] However, by December of the same year, Braya was contemplating a temporary shutdown of the refinery due to tight margins and the expiration of the Blenders Tax Credit in the United States.