NEXT Renewable Fuels inks feedstock supply agreement for renewable diesel project

June 04, 2019
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NEXT Renewable Fuels signed a 2 million metric ton per year (equivalent to 550 million gallons per year [MGY]) feedstock supply agreement with BP for its planned 600 MGY renewable diesel facility in Oregon, U.S; feedstock includes both waste oil and virgin seed oil. With Haldor Topsoe, Shell, and now BP on board, NEXT put together a strong portfolio of partners for this project, which is needed given the massive capacity of the project and the significant investment it entails. While we still believe a planned launch date of 2021 is overly ambitious, hydrotreatment technology is now commercially established, and renewable diesel capacity will continue to exponentially increase in the near term.

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