NEXT Renewable Fuels and Shell Trading (US) enter renewable diesel off-take deal
In the United States (US), NEXT Renewable Fuels Inc., (NEXT) and Shell Trading (US) Company (Shell) have entered a long‐term Purchase and Sale Agreement for the purchase of renewable diesel from NEXT’s planned biorefinery in Port Westward, Oregon.
Representing an investment of more than US$1 billion, NEXT Renewable Fuels Inc., (NEXT) is developing its Oregon renewable diesel facility with an expected annual processing capacity of 13.3 million barrels (≈ 600 million US gallons or 2.27 billion litres per annum).
Scheduled to open in 2021, NEXT will supply Shell and other partners with its alternative liquid fuels satisfying end‐user demand while also meeting both federal and state environmental compliance and fuel security requirements.
We are pleased to be working with Shell on bringing our advanced renewable fuels to their customers. Shell and NEXT share a vision for a greener world through the advancement of renewable transportation fuels giving consumers greener fuel options. We look forward to supplying Shell for many years, said Lou Soumas, President, NEXT Renewable Fuels.
NEXT renewable diesel is a second‐generation advanced biofuel made from 100 percent renewable feedstocks including used cooking oils (UCO), animal tallows and selected virgin seed and vegetable oils.
As a drop‐in fuel, NEXT’s renewable diesel is a perfect fit with our existing fuels business and will allow us to integrate this advanced fuel seamlessly into our supply chain, said Kate Andresen, Shell Biodiesel Trading Manager for the Americas.
NEXT selected the Port Westward site due to its strategic location at a deep‐water site on the Columbia River, access to global feedstock supplies, and close transport to North American west coast markets.