NextDecade Corporation - NEXT STOCK NEWS

The U.S. Court of Appeals for the D.C. Circuit upheld the Federal Energy Regulatory Commission's (FERC) authorization of NextDecade’s Rio Grande LNG export project (RGLNG), rejecting most claims from opponents. The Court requested further clarification on two climate-related issues, suggesting FERC could still affirm its decision. NextDecade aims to significantly reduce greenhouse gas emissions through carbon capture, emphasizing the role of LNG in the energy transition. The company is advancing its LNG export facility in South Texas and is committed to cleaner energy solutions.

NextDecade Corporation (NASDAQ: NEXT) has agreed to sell $5.0 million of Series C Convertible Preferred Stock to TEP Next Decade, LLC, an affiliate of Energy & Power Transition Partners (EPTP). This investment aligns with EPTP's goal of supporting cleaner energy solutions. NextDecade emphasizes its commitment to green LNG and carbon capture technologies, which are expected to drive value for both the environment and investors. The Series C Preferred Stock will not be registered under the Securities Act, limiting its sale to certain exemptions.

NextDecade Corporation (NASDAQ: NEXT) has appointed Mr. Ivan Van der Walt as Chief Operating Officer and Ms. Vera de Gyarfas as General Counsel, effective July 1 and July 12, 2021, respectively. Mr. Van der Walt, with nearly thirty years of energy industry experience, oversees project management for the Company’s LNG and carbon capture projects. Ms. de Gyarfas, also with extensive legal experience in the global energy sector, replaces Ms. Krysta De Lima who leaves the Company after six years. The Company is focused on developing a 27 mtpa LNG export facility in Texas and prominent carbon capture projects.

NextDecade Corporation (NASDAQ: NEXT) and Project Canary have launched a joint pilot project aimed at monitoring and certifying the greenhouse gas (GHG) intensity of liquefied natural gas (LNG) from NextDecade's Rio Grande LNG facility in Texas. The project will utilize Project Canary's TrustWell™ certification to ensure low emissions and high environmental standards throughout the natural gas supply chain. Additionally, NextDecade's subsidiary, NEXT Carbon Solutions, is developing a major carbon capture and storage project, expected to capture over 5 million tonnes of CO₂ annually, positioning Rio Grande LNG as a leader in low-GHG LNG production.

NextDecade Corporation (NASDAQ: NEXT) has partnered with Mitsubishi Heavy Industries America (MHIA) to sign an engineering services agreement (ESA) for carbon capture technology at the Rio Grande LNG project in Texas. The KM CDR Process^TM will enable the capture of over five million tonnes of CO₂ annually. This project is touted as the world's first application of post-combustion capture for LNG and aims to contribute significantly to carbon neutrality. NextDecade is aiming for its LNG facility to be the largest and greenest in the U.S.

NextDecade Corporation (NASDAQ: NEXT) has entered into a private placement agreement to sell $10 million of Series C Convertible Preferred Stock to OGCI Climate Investments. This fund focuses on carbon capture and storage (CCS) technologies. Additionally, NextDecade's subsidiary, NEXT Carbon Solutions, is developing a major CCS project at Rio Grande LNG, aiming to capture over five million tonnes of CO₂ annually. The CEO of OGCI Climate Investments expressed confidence in NextDecade's vision for sustainable LNG production from the Permian and Eagle Ford basins.

NextDecade Corporation (NASDAQ: NEXT) and Oxy Low Carbon Ventures (NYSE: OXY) have entered a term sheet for the offtake and permanent geologic storage of CO₂ from NextDecade’s Rio Grande LNG project in Texas. The project will capture over five million tonnes of CO₂ annually, contributing to North America’s largest carbon capture initiative. OLCV will transport and sequester the CO₂ in the Rio Grande Valley's extensive storage capacity. NextDecade expects to finalize investment decisions for both the LNG project and the CCS initiative shortly.

NextDecade Corporation (NASDAQ: NEXT) has announced a $24.5 million private placement of Series C Convertible Preferred Stock, primarily from York Capital Management, Avenue Capital Group, and Bardin Hill Investment Partners. The funds will be used to finalize agreements for the Rio Grande LNG project, advance the NEXT Carbon Solutions initiative, and for general corporate purposes. CEO Matt Schatzman emphasized the importance of this capital in supporting the company's efforts towards reducing greenhouse gas emissions and achieving a final investment decision in 2021.

NextDecade Corporation (NEXT) has announced the launch of NEXT Carbon Solutions, LLC, aimed at developing a large carbon capture and storage (CCS) project at its Rio Grande LNG site. This initiative is expected to reduce CO₂ emissions by over 90%, making Rio Grande LNG the greenest LNG project globally. The CCS project will capture over five million tonnes of CO₂ annually at a reduced capital cost. The all-in costs are projected between $63 and $74 per metric tonne, potentially falling to $13 to $24 after tax credits.