Sojitz invests in NEXT’s Oregon facility to supply Japanese market

In Texas, Sojitz and NEXT have entered into a strategic relationship whereby Sojitz has made a strategic investment in NEXT. Following this investment, Sojitz and NEXT plan to work together to advance NEXT’s proposed 750 million gallon per year renewable diesel and Sustainable Aviation Fuel facility at Port Westward, OR.

These activities are anticipated to include:

·      Facilitating delivery of NEXT SAF into the Japanese market and to Japanese airlines in coordination with United Airlines, an existing shareholder and strategic partner.

·      Assisting in the technical design, engineering and construction management of NEXT’s Port Westward facility.

·      Utilizing Sojitz’s extensive worldwide network to help NEXT build out the sourcing, procurement, and transportation of low carbon RD and SAF feedstocks.

Working closely with NEXT to build on Sojitz’s strategic investment to raise significant anchor investments into the construction equity of the Port Westward facility, contingent upon NEXT meeting certain milestone targets.