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 US$1 billion, 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

NEXT anticipates completion of the Oregon plant in 2021 when BP will commence supplying the facility.