Investing in NXTClean Fuels, investing in the future of transportation
NEXT Renewable Fuels, Inc. and Industrial Tech Acquisitions II, Inc. (ITAQ) (Nasdaq: ITAQ), a special purpose acquisition company, signed a business combination agreement expected to result in a newly combined company to be known as NXTClean Fuels, Inc., (NXTClean). The boards of directors of NXTClean and ITAQ have each approved the transaction.
Port Westward
Our original development project is proposed for Port Westward near Clatskanie, Oregon and adjacent to the Columbia River maritime channel. If all permitting approvals are granted, this site will be the home to a renewable diesel and sustainable aviation fuel hub with production capacity of up to 50,000 barrels of clean fuel per year. NXTClean anticipates that construction of this facility will begin in late 2024.
Lakeview RNG
Located in Lakeview, Oregon, Lakeview RNG will transform organic waste materials into renewable natural gas, renewable diesel, and clean hydrogen – benefitting environmental and community health in southern Oregon and beyond. NXTClean anticipates that the first phase of construction will be completed and operations will commence in the first half of 2025.
Products
Renewable Diesel
Made from a variety of organic waste materials, renewable diesel (RD) has up to 85% lower carbon emissions than traditional diesel and is a proven “drop-in” fuel. It is chemically identical to petroleum-based fuels and doesn’t require modifications to the equipment it’s powering.
Renewable Natural Gas
Renewable Natural Gas (RNG) is methane that is produced from biogenic sources. NXTClean will produce extremely low carbon intensity RNG via chemical synthesis by combining Clean Hydrogen and carbon from sustainably sourced waste forest biomass (also known as “slash”).
Sustainable Aviation Fuel
Sustainable Aviation Fuel (SAF) is a cutting-edge renewable fuel made using organic feedstocks instead of petroleum. This results in up to 80% lower carbon emissions than traditional jet fuel, enabling airlines to accomplish their carbon reduction goals.
Low-Carbon Feedstock
GoLo Biomass is a subsidiary of NXTClean Fuels that leverages traditional feedstock networks and emerging supply opportunities to create a reliable global feedstock supply that meets growing demand.
Pioneering a sustainable future
Our business is built on the goal of creating sustainable, accessible clean fuels that move the world forward, but our responsibility extends beyond that to our community, our team, and the environment we all share.
Latest News & Insights
Articles
NEXT Renewable Fuels, Inc. and Dansuk Sign Memorandum of Understanding on Low-Carbon Feedstock Partnership
MOU Underpins Feedstock Confidence for NEXT; Expands Global Trading for Dansuk. HOUSTON, May 15, 2023 – NEXT Renewable Fuels, Inc. (“NEXT”) and Dansuk Industrial Corporation...
The Daily News Longview Endorses NEXT
A company called NEXT Renewable Fuels is trying to build a $2 billion renewable diesel biorefinery near Clatskanie…where the high-tech process will turn them into...
Renewable Fuel in NW Oregon
NEXT Renewable Fuels wants to enter a market that pivots away from fossil fuels. The future is here, NEXT says.
NEXT included in United’s Sustainable Flight Fund Investment
Investment vehicle supports start-ups focused on the reduction of carbon emissions in aviation through sustainable aviation fuel research, technology and production.