NEWS COMMENTARY

NEXT Renewable Fuels inks feedstock supply agreement for renewable diesel project

Published:
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.

For the original news article, click here .


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