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NextFuels, LLC

NextFuels has a proprietary technology that can uniquely convert high-moisture feedstocks to a biocrude that can be used as a drop-in fuel.

  • Stage Product In Development
  • Industry Clean Technology
  • Location Los Altos, CA, USA
  • Currency USD
  • Founded January 2010
  • Employees 5
  • Website

Company Summary

NextFuels has a proprietary technology that can uniquely convert high-moisture feedstocks into a drop-in ready biocrude. Palm plantations in SE Asia are our primary market because of the massive amount of cheap waste streams that are creating severe environmental issues in the region. The plantations have no answer for their biomass, which is creating an enormous carbon footprint. We want to help solve that issue.


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    Dr. Ralph Overend
    Chief Scientist

    By training a physical chemist, Dr. Overend has worked in bioenergy and renewable energy since 1973 as a researcher, research manager and coordinator of research and development in both Canada and the United States. Prior to that, he worked at the United Kingdom Atomic Energy Authority. He joined the U.S. DOE Biomass Power program at the National Renewable Energy Laboratory in 1990, and was the project leader during the 1990s.

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    Frank Hughes
    Vice President of Business Development

    Mr. Hughes has been in journalism and communication for more than two decades. He was the founder of Atoll, a company dedicated to monetizing online content for newspapers by placing content behind a single paywall. Mr. Hughes has worked at The Washington Post, the Washington Times and the Tacoma News Tribune, as well as several online media outlets. He has a degree in speech communication from George Mason University.

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    Milton Leong
    VP Sales/Southeast Asia

    Mr. Leong spent 16 years in the Malaysian merchant banking industry, most recently as the Director and Head of Corporate Finance for Utama Merchant Bank Berhad in Malaysia. Mr. Leong was a Council member of the Malaysian Investment Banking Association, where he was actively involved in outlining policies and discussions with the regulatory authorities, like the Securities Commission, Bursa Malaysia and Bank Negara Malaysia.

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    Kevin Gorman
    VP of Sales/North America

    Mr. Gorman has spent the last five years as a logistics expert for Enagra Inc, a biofuels trading company that has sold and transported more than 100 million tonnes of biofuels across the globe. Mr. Gorman had over 14 years of experience with Waste Management and Browning-Ferris Industries (“BFI”) where he managed sales in central US for Waste Management. At BFI, Mr. Gorman held various positions starting in sales and progressing.

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    Michael Petras

    Mr. Petras has been in the biofuels and energy sectors for more than a decade. Mr. Petras left Stanford University as a sophomore to found his first startup, which was later acquired by Lodgenet. Mr. Petras has started several other successful companies, including, Franklin Power, and Enagra Inc., a company that trades biofuels to worldwide markets. Mr. Petras is an Australian citizen and a national of the Slovak Republic.


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    Wilson Sonsini

Previous Investors

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    Martin Kacin
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