NEXT Renewable Fuels, a producer of advanced biofuel, agreed to go public via a SPA merger with Texas Ventures-backed Industrial Tech Acquisitions II in a $666m deal. “West Coast states are demanding a clean fuels conversion of the transportation and aviation industries with aggressive targets necessitating rapid increases in clean fuel supplies. NXT is advancing toward becoming one of the largest US-based suppliers of clean fuels for these markets and is investigating and pursuing potential vertical expansion into other clean fuels," Christopher Efird, NXT CEO and Executive Chairman.