[HTTP_CACHE_CONTROL] => no-cache It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. 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. Readers should not place undue reliance on forward-looking statements. NORA member, Vertex Energy, Inc., (NASDAQ:VTNR)("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today 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 [REDIRECT_STATUS] => 200 Readers should not place undue reliance on forward-looking statements. WebIn this video we cover the "Refinery" in your Camp. Words such as "strategy," "expects," "continues," "plans," "anticipates," "believes," "would," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. 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. Production in 2021 fell to 4.3 million barrels, the lowest level since the 1950s. [REDIRECT_SSL_TLS_SNI] => biodieselmagazine.com Vertex Energy Inc. is a middle market consolidator, refiner and re-refiner of distressed petroleum streams, such as used oil, transmix, fuel oils and off-specification commercial chemical products. File Image / Pixabay 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. These supply issues resulted from third-party disruptions, impacting Vertex's supplier's ability to fulfill its contracted supply mandate for water-borne crude oil (which have since been resolved). The Mobile refinery processes about 90,000 barrels per day of crude oil and products, including liquefied petroleum gas, diesel fuel, jet fuel and gasoline. The projected financial information contained herein should not be regarded as a representation or warranty by Vertex, its management, advisors, or any other person that the Projections can or will be achieved. On the other hand, the Mobile refinery was a 100% owned by Shell. Projects and Locations, Shell New Energies Junction City, Biomethane Facility, Shell Downstream Bovarius, Biomethane Facility (Wendell, Idaho), Carson Renewable Compressed Natural Gas Fueling Site (Carson, California), Shell Downstream Galloway, Biomethane Facility (Plains, Kansas), Shell Downstream Friesian Biomethane Facility (Wendell, Idaho), Where Shell operates in the United States, The transition of our business to net-zero emissions, Shell sells Alabama refinery to Vertex Energy, Shell speaks to Congress about energy and climate. The Oil and Gas industry is commonly divided into the three major sectors: Upstream, which includes oil and gasexploration and production; HollyFrontier Corporation recently announced that it has agreed to acquire the Puget Sound Refinery, the on-site cogeneration facility and related logistics assets, from Shell for a purchase price of $350 million, plus hydrocarbon inventory. Shell is grateful to the Mobile community for the collaboration and support over the past two decades. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release , including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shells products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No. 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. 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), Owners 1 Records. As part of this deal, Shell and Vertex Energy will have crude supply and product offtake agreements to support Shells customers in the region. [HTTP_ACCEPT] => text/html,application/xhtml+xml,application/xml;q=0.9,image/webp,*/*;q=0.8 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. 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. "We're becoming better positioned to deliver resilient returns and meet the increasingly diverse needs of our customers.". Accordingly, the Projections are only estimates and are necessarily speculative in nature. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. The Mobile refinery, which Vertex acquired from Shell plc in April 2022, can process 75,000 b/d of feedstock and includes 3.2 million bbl of storage.
Shell Fuels, View YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. The East Gulf Coastal Plain of the Atlantic Plain characterize the geomorphology of the surrounding area. 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. In this press release, "Shell", "Shell Group" and "Group" are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. This agreement will be extended to supply fuels from the Mobile refinery to both Shell and Bunker One, Vertex said in a statement on its website on Wednesday. As this deal progresses towards closing, our Goal Zero safety program will remain our utmost priority while also providing focused support and care for our employees throughout this time of change. 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. Houston-based Vertex Energy, Inc. (NASDAQ: VTNR), is an energy transition company focused on the production and distribution of conventional and alternative fuels. The crude oil capacity of the Mobile Refinery is 90,000 barrels per day. Vertex expects to source renewable feedstock through a multiyear agreement with Synergy Supply and Trading, a subsidiary of Bunker Holding Group, and potentially from the companys planned Myrtle Grove pretreatment facility in Belle Chasse, Louisiana. The transaction is for $75 million in cash plus the cost of hydrocarbon inventory, currently valued between $65 and $85 million, according to the company. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Shell is also investing in an integrated power business that will provide electricity to millions of homes and businesses. Installation of additional hydrogen supply is expected to expand capacity to 14,000 barrels per day by early 2024. Vertex is also one of the largest The new Fredericia-based firm, Nolu Enerrgy Aps, will partner with Alpha Trading as exclusive agent. Designed and developed by industry professionals for industry professionals. The important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation, the Companys projected Outlook for the third quarter of 2022, as discussed above; the Companys ability to raise sufficient capital to complete future capital projects and the terms of such funding, to the extent necessary; the estimates of impact of recent events on third and fourth quarter operating results; the timing of planned capital projects at the Mobile Refinery and the outcome thereof; the future production of the Mobile Refinery; the estimated timeline of the renewable diesel capital project, estimated and actual production associated therewith, estimated revenues over the course of the agreement with Idemitsu, anticipated and unforeseen events which could reduce future production at the refinery or delay planned capital projects, changes in commodity and credits values, and certain early termination rights associated with the Idemitsu agreement and conditions precedent to such agreement; certain mandatory redemption provisions of the outstanding senior convertible notes, the conversion rights associated therewith, and dilution caused by such conversions; the Companys ability to comply with required covenants under outstanding senior notes and a term loan and pay amounts due under such senior notes and term loan, including interest and other amounts due thereunder; the ability of the Company to retain and hire key personnel; risks associated with the ability of Vertex to complete current plans for expansion and growth, and planned capital projects; the level of competition in our industry and our ability to compete; our ability to respond to changes in our industry; the loss of key personnel or failure to attract, integrate and retain additional personnel; our ability to protect our intellectual property and not infringe on others intellectual property; our ability to scale our business; our ability to maintain supplier relationships and obtain adequate supplies of feedstocks; our ability to obtain and retain customers; our ability to produce our products at competitive rates; our ability to execute our business strategy in a very competitive environment; trends in, and the market for, the price of oil and gas and alternative energy sources; the volatile nature of the prices for oil and gas caused by supply and demand, including volatility caused by the ongoing Ukraine/Russia conflict; our ability to maintain our relationships with our partners; the impact of competitive services and products; the outcome of pending and potential future litigation, judgments and settlements; rules and regulations making our operations more costly or restrictive; changes in environmental and other laws and regulations and risks associated with such laws and regulations; economic downturns both in the United States and globally, increases in inflation and interest rates, increased costs of borrowing associated therewith and potential declines in the availability of such funding; risk of increased regulation of our operations and products; disruptions in the infrastructure that we and our partners rely on; interruptions at our facilities; unexpected and expected changes in our anticipated capital expenditures resulting from unforeseen or planned required maintenance, repairs, or upgrades; our ability to acquire and construct new facilities; our ability to effectively manage our growth; decreases in global demand for, and the price of, oil, due to COVID-19, state, federal and foreign responses thereto, inflation, recessions or other reasons, including declines in economic activity or global conflicts; our ability to acquire sufficient amounts of used oil feedstock through our collection routes, to produce finished products, and in the absence of such internally collected feedstocks, and our ability to acquire third-party feedstocks on commercially reasonable terms; unexpected downtime at our facilities; risks associated with COVID-19, the global efforts to stop the spread of COVID-19, potential downturns in the U.S. and global economies due to COVID-19 and the efforts to stop the spread of the virus, and COVID-19 in general; anti-dilutive rights associated with our outstanding securities; our level of indebtedness, which could affect our ability to fulfill our obligations, impede the implementation of our strategy, and expose us to interest rate risk; dependence on third party transportation services and pipelines; risks related to obtaining required crude oil supplies, and the costs of such supplies; counterparty credit and performance risk; unanticipated problems at, or downtime effecting, our facilities and those operated by third parties; risks relating to our hedging activities; and risks relating to planned divestitures and acquisitions. The refinery can produce more than 90,000 bbl/day and has 3m bbl of feedstock and product storage along with logistics assets. 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. [REDIRECT_REDIRECT_HTTPS] => on Vertex Energy Provides Operational Update Regarding Mobile Refinery and Updates Prior Third Quarter Guidance. Array 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. No other finance app is more loved, Custom scripts and ideas shared by our users. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as joint ventures and joint operations, respectively. Each forward-looking statement speaks only as of the date of this press release, April 1, 2022. Hurricane Ian made U.S. landfall as a Category 4 hurricane on Wednesday, September 28, 2022. 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. Shell's U.S. portfolio of operated companies and interests consists of oil, natural gas, petrochemicals, gasoline, lubricants, and other refined products along with renewables such as wind, solar, and mobility options like electric vehicle charging and hydrogen. 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.". 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. Conservation, View It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". It has the optionality to run as a stand-alone refinery, produce base oils or chemicals feedstock. Vertex owns a refinery in Mobile (AL) with an operable refining capacity of 75,000 barrels per day and more than 3.2 million barrels of product storage, positioning it as a leading supplier of fuels in the region. Supplier Diversity, View The Shell App, View Throughput volumes for the third quarter of 2022 are now estimated It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. Shell RechargePlus, View These locations, including Norco in the U.S. Gulf Coast, will maximize the integration benefits of conventional fuels and chemicals production while also offering new low carbon fuels and performance chemicals. [HTTP_CONNECTION] => Keep-Alive Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. The company in May 2021 announced it had entered into a definitive agreement to acquire the Alabama refinery Additional risk factors that may affect future results are contained in Royal Dutch Shells Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). Shell Fleet Solutions, Steps to Achieving Smarter Fleet Management, Fleet solutions to keep your stakeholders confident during challenging times, View Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to entities over which Shell plc either directly or indirectly has control. WebVertex Energy will acquire an oil refinery in Mobile, Alabama and produce renewable diesel. HollyFrontier Acquiring Puget Sound Refinery from Shell, PBF Energy Acquiring Shell's Martinez Refinery in $1 Billion Deal, Shell Considers Divesting Louisiana Refinery, Calumet Closes Sale of San Antonio Refinery and Terminal, LyondellBasell and Sasol Form Integrated Polyethylene Joint Venture in Louisiana, Next-Generation HydroFORM Scanner is an Optimized Corrosion Mapping Solution, Evident Acquired by Bain Capital: Partnership to Accelerate Future Growth and Innovation, Explosion at a Refinery in Indonesia Injures 9, HUVRdata and RealWear Team Up to Enable Hands-Free Inspections and Improve Safety, Placid Refining Plans to Relocate Headquarters from Texas to Louisiana and Modernize Port Allen Facility. Engine oil and lubricants, Shell Coolants Limited Liability Warranty, View 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. [HTTP_ACCEPT_ENCODING] => gzip Ways to save, View 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. YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. [HTTPS] => on It If successful, the new consortiumwhich includes researchers from 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. Each forward-looking statement speaks only as of the date of this press release, May 26, 2021. The deal is expected to close in the fourth quarter of this year, subject to regulatory approvals.

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