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NEXT to sell renewable diesel to Shell Trading US

Photo by Steve Jurvetson (Flickr) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

February 5 (Renewables Now) - US biofuels producer NEXT Renewable Fuels Inc has signed a long-term deal with Shell Trading (US) Company to supply the energy trader with renewable diesel.

NEXT Renewable Fuels will service the contract with diesel produced at its USD-1-billion-plus (EUR 876m) facility that is currently being built in Port Westward, Oregon. The particular plant will have an expected annual processing capacity of 13.3 million barrels (600 million gallons) and is scheduled for completion in 2021. The project site was chosen to be on the Columbia River so that the facility has access to global feedstock supplies and close transport to North American West Coast markets, the company explained.

NEXT’s renewable diesel is made from 100% renewable feedstocks such as used cooking oils, animal tallows and certain 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,” commented Kate Andresen, Shell Biodiesel Trading Manager for the Americas.

(USD 1.0 = EUR 0.876)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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