HOUSTON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/biofuels?src=hash” target=”_blank”gt;#biofuelslt;/agt;–NEXT Renewable Fuels, Inc (NEXT) and BP Products North America Inc. (BP)
have entered into a long-term Feedstock Supply Agreement whereby NEXT
will purchase approximately 2 million metric tons (13.2 million barrels)
per year of renewable feedstocks for NEXT’s planned Port Westward,
Oregon renewable diesel facility. Under the Agreement, BP will supply
used cooking oils, animal fats and tallows, greases, and virgin seed
oils from its global feedstock aggregation and sourcing network.
Representing an investment of more than $1 billion (USD), NEXT continues
to develop its Oregon renewable diesel facility with an expected annual
processing capacity of 13.3 million barrels (600 million gallons). BP’s
multi-year supply to NEXT’s Oregon plant represents the largest single
renewable feedstock sourcing agreement contracted for a renewable fuel
facility.
“Sourcing of quality renewable feedstock is a critical component of
bringing on-line the world’s largest renewable diesel facility. We are
thrilled to be partnering with BP and their global sourcing network to
supply NEXT at Port Westward. Working with the BP team committed to
developing new and low carbon intensity transportation fuels, NEXT and
BP will deliver on a greener planet,” said Lou Soumas, NEXT Renewable
Fuels President. “We are honored to be partnering with BP, and share
their vision of diversifying the global liquid fuels offering for
consumers.”
“As part of BP’s mission to help our customers and consumers lower their
emissions, we are pleased to be supplying renewable feedstocks to NEXT
as they begin producing renewable diesel fuel,” said Jason Breslaw, BP’s
Renewable Feedstock and Biodistillate Business Development Manager for
the Americas. “It’s all part of BP’s commitment to meeting the dual
challenge of providing more energy with fewer emissions and to
supporting a range of technologies that will help us transition to a
lower-carbon future.”
NEXT anticipates completion of the Oregon plant in 2021 when BP will
commence supplying the facility.
About NEXT Renewable Fuels
NEXT is focused on the development and production of second-generation
advanced biofuels, including renewable diesel, renewable propane and
renewable naphtha to supply contracted off-take agreements for customers
in the western United States and Canada. NEXT’s fuels reduce life-cycle
greenhouse gas emission by up to 80%, improving the environment and
moving us forward to a greener future. For information is available at www.nextrenewables.com.
Contacts
Liz Fuller
Telephone: 503-552-5067
Email: [email protected]
