NEXT Renewable Fuels signs MOU with Dansuk to develop feedstocks

In Texas, NEXT Renewable Fuels, Inc. and Dansuk Industrial Corporation have signed a non-binding Memorandum of Understanding to jointly develop strategic and commercial partnerships including, but not limited to, partnerships involving feedstock, biodiesel, renewable diesel, and sustainable aviation fuel.

Dansuk is a leading biodiesel producer and feedstock aggregator headquartered in South Korea. Dansuk has significant positions in low-carbon feedstocks in the Asia region and ample tank farm infrastructure for feedstock and product storage. This MOU is Dansuk’s first feedstock agreement with an American clean-fuels company. NEXT is designing a world-scale clean fuels facility in Oregon to provide low-carbon renewable diesel and sustainable aviation fuel to global markets.

The MOU envisions creating a Definitive Framework Agreement involving (i) a two-party commercial arrangement that could include the supply and sale of Feedstock and Biofuels between the parties through NEXT’s wholly-owned subsidiary, GoLoBiomass, LLC; and/or (ii) a strategic arrangement between the parties which could involve investment in, and development of, feedstock pre-treatment facilities in South Korea, the United States and/or other countries.