Although the Projections are presented with numerical specificity and are based on reasonable expectations developed by Vertex's management, the assumptions and estimates underlying the Projections are subject to significant business, economic, and competitive uncertainties and contingencies, many of which will be beyond the control of Vertex. The state has developed some of the most stringent environmental regulations regarding drilling in its offshore waters. These terms are also used where no useful purpose is served by identifying the particular entity or entities. Supplier Diversity, View Vertex also owns a facility, Myrtle Grove, located on a 41-acre industrial complex along the Gulf Coast in Belle Chasse, LA, with existing hydroprocessing and plant infrastructure assets, that include nine million gallons of storage. WebJay Pipeline System consists of approximately 100 miles of pipeline delivering both trucked and field produced crude oil into Shells Mobile, Alabama refinery as well as other terminals. By mid-year 2023, the company expects to increase renewable diesel production capacity to nearly 215 million gal/year. Vertex Energy Inc. announced April 1 it has completed acquisition of the 91,000-barrel-per-day Mobile, Alabama, refinery and related marine terminal and [REDIRECT_REDIRECT_SSL_TLS_SNI] => biodieselmagazine.com Water Treatment Equipment-Service & Supplies, Oils-Lubricating-Wholesale & Manufacturers, Petroleum Products-Wholesale & Manufacturers. [SSL_TLS_SNI] => biodieselmagazine.com Calumet Specialty Products Partners recently closed on the sale of its San Antonio, TX refinery and related assets, including a crude oil terminal and pipeline, to Starlight Relativity Acquisition Company for $63 million. Ways to Pay, Shell | Fuel Rewards Credit Card Navigation, View Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP, subsidiaries of Royal Dutch Shell plc (Shell), have reached an agreement for the sale of the Mobile Chemical LP Refinery in Mobile, AL, to Vertex Energy Operating LLC (Vertex Energy). Vertex VTNR did not say if it will target the California market, where diesel prices have been running recently at $2.48-$2.53/gal, according to Dow Jones. Owners 1 Records. The sale of the Shell refinery located in Mobile, Alabama, U.S.A., has been completed, Equilon Enterprises LLC d/b/a Shell Oil
( Oil and gas are found in many counties as well as in Mobile Bay. The unaudited information presented in this press release is based on preliminary results and management's estimates and is inherently uncertain and subject to revision in connection with the Company's financial closing procedures and finalization of the Company's financial statements for its third quarter of 2022. Vertex Energy is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and marketer of high purity petroleum products. The next few weeks should see the first volumes come out of the facility, in line with previous company guidance. On May 26, 2021, Shell and Vertex Energy announced that they had signed a sales agreement for Vertex Energy to acquire Shells Mobile Refinery in Alabama. A further amount of USD $165 million was received for the value attributed to the hydrocarbon inventory at the time of closing. Located near the US Gulf Coast, at the north end of Mobile Bay in Alabama (AL), the refinery is designed to process approximately 90 000 barrels per day of crude oil and products that include LPG, diesel fuel, jet fuel, and gasoline. A significant number of assumptions about the operations of the business of Vertex were based, in part, on economic, competitive, and general business conditions prevailing at the time the Projections were developed. WebHunt Refining Company markets light oil products from its Tuscaloosa refinery via truck, barge and pipeline. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". Vertex VTNR also said additional hydrogen production Are You Ready for The Digital Transformation. Webbarrel-per-day refinery in Mobile (AL) and more than 3.2 million barrels of product storage, positioning it as a leading supplier of fuels in the region. Energize Your Future with Shell, Preparing Todays Students For Tomorrows Workforce, Shell LiveWIRE Louisiana Accelerator Program, View Leak Repair Technician Team Industrial Services, Inc. 3.5 Mobile, AL Full-time StateEscape, View HOUSTON Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update to its operational and financial outlook for the Company's Mobile, Alabama Refinery. The facility is located along the United States Gulf Coast at the north end of Mobile Bay in The deal is expected to close in the fourth quarter of this year, subject to regulatory approvals. International: +44 207 934 5550 US & Brazil: +1 832 337 4355, Lubricants for Transport and Industrial Businesses, View
Advertisement. Vertex Energy is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and marketer of high purity petroleum products. Vertex Energy is extending its US Gulf marine fuel supply agreement with Bunker One to cover the Mobile, Alabama refinery after buying the plant from Shell. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as joint ventures and joint operations, respectively. Supporting Education, View WebAs the principal investigator for the CO2 Reduction and Upgrading for e-Fuels Consortium (CO2RUe), funded by DOEs Bioenergy Technologies Office, Resch leads a team of researchers working to unlock the potential of CO2 electrolyzers and other technologies that enable eFuels. The Mobile Refinery pact materializes only a week after Shell unit Shell Oil Company announced the sale of its 50% stake in the Deer Park Refining Limited Partnership to Mexicos state oil monopoly Pemex. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. WebOil Refiners Fuel Oils Lubricants Website 74 YEARS IN BUSINESS (251) 633-4444 8450 Tanner Williams Rd Mobile, AL 36608 OPEN 24 Hours From Business: Davison Fuels & Shell Pipeline, Shell Pipeline Supports National 811 Day And Safe Digging, View
"The unanticipated disruption to our contractually mandated supply of crude oil, while negatively affecting third quarter throughput volumes, has once again proved our team's ability to respond to adverse events in a way that maximizes operational flexibility and economic value," stated Benjamin P. Cowart, President and CEO of Vertex, who continued, "By seizing the opportunity to accelerate significant maintenance on the facility, we believe we have further improved our position to fully capitalize on the continued strength in product margins throughout the typically seasonally strong fourth quarter, as our hedge position rolls off.". Houston-based Vertex Energy, Inc. (NASDAQ: VTNR), is an energy transition company focused on the production and distribution of conventional and alternative fuels. Any future changes in these conditions, may materially impact the ability of Vertex to achieve the financial results set forth in the Projections. This press release contains forward-looking statements (within the meaning of the U.S. The companies in which Shell plc directly and indirectly owns investments are separate legal entities. Shell Pipeline, View WebIn this video we cover the "Refinery" in your Camp. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Preferred listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. WebShell sells Alabama refinery to Vertex Energy May 26, 2021 Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP, subsidiaries of Royal Dutch Shell plc (Shell), have reached an agreement for the sale of the Mobile Chemical LP Refinery in Mobile, AL, to Vertex Energy Operating LLC (Vertex Energy). Updated producing oil and gas well figures, by state. Vertex Energy VTNR -12.5% in Tuesday's trading after saying it had completed mechanical work of its renewable diesel unit at its Mobile, Alabama, refinery, and it plans to begin production of initial volumes of renewable diesel "in the coming weeks, in line with prior expected timelines.". Employees providing dedicated support to the refinery were offered employment with Vertex Energy with effect upon closing in accordance with the transaction. [REDIRECT_STATUS] => 200 2023 Argus Media group. The Mobile Aluminum Refining Plant is a processing plant. Shell Motorsport, View It has the potential to operate as a standalone refinery that In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader.
Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In the U.S. Energy From Deep Water, View On May 26, 2021, Shell and Vertex Energy announced that they had signed a sales agreement for Vertex Energy to acquire Shell's Mobile Refinery in Alabama. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. It is located near the Gulf Coast; specifically, at the north end of Mobile Bay in Alabama. Vertex said on April 1 it had completed the purchase of Shell Oil's 87,500 b/d refinery in Installation of additional hydrogen supply is expected to expand capacity to 14,000 barrels per day by early 2024. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. Shell RechargePlus, View Shell Trading US Company, View [HTTP_HOST] => biodieselmagazine.com F.E.R.C. The refinery is designed to process Physiography 1 Records. Vertex VTNR also said additional hydrogen production Photo courtesy of Shell. HOUSTON, TX / ACCESSWIRE / April 1, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer 20.0.0 Rules and Regulations Likewise, the words "we", "us" and "our" are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. (251) 438-9891. The agreement covers the sale of the Mobile refinery and associated co-located logistics infrastructure, including product racks, an associated dock, and the Blakeley Island Terminal. HOUSTONVertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update to its operational and financial outlook for the Company's Mobile, Alabama Refinery.
In this press release Shell, Shell Group and Group are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Founded in 1989, we are the oldest company of our kind on the Gulf, From Business: Davison Fuels & Oil Inc is a locally owned and operated wholesale petroleum products distribution company who doesn't measure success by what we have, From Business: Davison Fuels & Oil, Inc. is one of the largest locally owned and operated wholesale distributors of fuel and lubricants in the Southeastern United States., From Business: McKinney Petroleum Equipment specializes in sales and service of petroleum, commercial and industrial equipment and systems. This transaction is expected to close in Q4 2021, subject to regulatory approvals. Subsidiaries of Royal Dutch Shell plc (NYSE: RDS.A) have reached an agreement for the sale of the Mobile Chemical LP Refinery in Alabama to Vertex Energy Operating LLC. The deal covers the sale of the refinery and associated co-located logistics infrastructure, including product racks, an associated dock, and the Blakeley Island Terminal. More. [REDIRECT_REDIRECT_STATUS] => 200 Integrating a new digital technology that combines data-driven insights and data storage with innovative mobility can provide a new level of connected intelligence. Throughput volumes for the third quarter of 2022 are now estimated to be approximately 68,000 69,000 barrels per day (bpd). The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Energy and Innovation, View I go over all the options you have and give examples of how it works. Accordingly, you should not place undue reliance on these forward-looking statements. Shell Polymers, View It The agreement covers the sale of the Mobile refinery and associated co-located logistics infrastructure, including product racks, an associated dock, and the Blakeley Island Terminal. The company completed shutdown of the hydrocracker unit on Jan. 6. Visit a quote page and your recently viewed tickers will be displayed here. Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are described in the Company's publicly filed reports, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 and future Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. The Houston-based company said work on the renewable diesel unit was completed in March within the budgeted $110 million to $115 million. Accordingly, the Projections are only estimates and are necessarily speculative in nature. Carolina Palma is a contributor to Oleochem Analytics. carolinapalma@oleochemanalytics.com. The refinery is designed to [HTTP_CF_IPCOUNTRY] => IN The state's largest refinery is May 26 (Reuters) - Royal Dutch Shell RDSa.L is selling its 90,000 barrel-per-day (bpd) Mobile, Alabama refinery to specialty refiner Vertex Energy for $75 million WebIn this video we cover the "Refinery" in your Camp. [HTTP_UPGRADE_INSECURE_REQUESTS] => 1 Shell Motorsport, View Catalyst loading was expected to begin in early March. Other unknown or unpredictable factors also could have material adverse effects on Vertex's future results. ANNOUNCES DATE OF FOURTH QUARTER 2022 EARNINGS RELEASE AND Cann American Corp. Launches Satellite Office for Subsidiary, https://www.businesswire.com/news/home/20220929005910/en/, Vertex Energy Announces On-Time and On-Budget Mechanical Completion of Renewable Diesel Unit, Vertex Energy to Participate in Investor Conferences, Vertex Energy Announces Fourth Quarter and Full Year 2022 Results, Vertex Energy Announces Fourth Quarter 2022 Earnings Release and Conference Call Date, Vertex Energy Announces Sale of Heartland Used Motor Oil Collections and Refining Business. Energy From Deep Water, Shells ambition to be a net-zero emissions energy business, View View source version on businesswire.com: https://www.businesswire.com/news/home/20220929005910/en/, John Ragozzino Jr., CFA (ICR)IR@vertexenergy.com. Oleochem Analytics Equilon Enterprises, a subsidiary of Royal Dutch Shell, announced it has agreed to sell its 90,000 bbls/day Mobile Chemical Refinery in Alabama to Vertex Energy, a Texas-based specialty refiner of alternative feedstocks and marketer of petroleum products. [REDIRECT_SSL_TLS_SNI] => biodieselmagazine.com It has the optionality to run as a stand-alone refinery, produce base oils or chemicals feedstock. Hurricane Ian made U.S. landfall as a Category 4 hurricane on Wednesday, September 28, 2022. Three catalysts may be setting up Vertex Energy VTNR for a strong 2023, Rational Expectations writes in an analysis published on Seeking Alpha. Vertex Energy, Inc. (Houston), a leading specialty refiner and marketer of high-quality refined products, announced that it has entered into a definitive agreement to acquire the Mobile refinery (Mobile) located in Mobile, Alabama from Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP (Shell), On the other hand, the Mobile refinery was a 100% owned by Shell. (251) 438-9891. Vertex Energy Provides Operational Update Regarding Mobile Refinery and Updates Prior Third Quarter Guidance. The sale of the Mobile refinery shows that we are making good progress delivering on our manufacturing strategy, said Robin Mooldijk, Shells EVP for Manufacturing. Together we are a force for good, View This transaction is expected to close in Q4 2021, subject to regulatory approvals. Vertex Energy Inc. Tuesday said it had completed mechanical work on a renewable diesel unit at its Mobile, Ala., refinery and expects to begin producing the biofuel within the "coming weeks." 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