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 91,000 barrel-per-day Mobile refinery is a strategically located asset, one capable of sourcing a flexible mix of cost-advantaged light-sweet domestic and international feedstocks. 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). No assurance is provided that future dividend payments will match or exceed previous dividend payments. [PATH] => /sbin:/usr/sbin:/bin:/usr/bin [HTTP_CDN_LOOP] => cloudflare The transaction is expected to close in Q4 2021, pending regulatory approvals. Meanwhile, oil activity is stalling in the U.S. A trading desk head for marine fuels conglomerate Bunker Holding has stepped down from his role after an eight-year stint with the firm and its subsidiaries. Lubricants for Transport and Industrial Businesses, View Hurricane Ian made U.S. landfall as a Category 4 hurricane on Wednesday, September 28, 2022. The Shell App, View 
FASTER Systems provides Court Accounting, Estate Tax and Gift Tax Software and Preparation Services to help todays trust and estate professional meet their compliance requirements. 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. This press release contains forward-looking statements (within the meaning of the U.S. These high-value Energy and Chemicals parks will produce more low-carbon fuels and specialty chemicals for our customers. The company in May 2021 announced it had entered into a definitive agreement to acquire the Alabama refinery StateEscape, View The consideration for this transaction is $75 million in cash plus the value of the hydrocarbon inventory. [HTTP_CACHE_CONTROL] => no-cache I go over all the options you have and give examples of how it works. 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. About Shell in the USA, View 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. 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. Each forward-looking statement speaks only as of the date of this press release, April 1, 2022. If successful, the new consortiumwhich includes researchers from 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. 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. Shell RechargePlus, View 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. Shell Fuels, View 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. No assurance is provided that future dividend payments will match or exceed previous dividend payments. The reduced estimated throughput volumes for the quarter, versus the Company's previously communicated guidance, reflect management's decision to accelerate significant planned maintenance following recent and temporary crude supply issues. Visit a quote page and your recently viewed tickers will be displayed here. 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. Royal Dutch Shell Plc is weighing the sale of its 211,146 barrel-per-day (bpd) Convent, Louisiana, refinery, the company said on Tuesday. ( The facility is located along the United States Gulf Coast at the north end of Mobile Bay in 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. 
Highly attractive transaction economics, pro-forma for renewable diesel fuel project. Houston-based Vertex Energy, Inc. (NASDAQ: VTNR), is an energy transition company focused on the production and distribution of conventional and alternative fuels. Copyright 2023 - BBI International - All rights reserved. The divestment is part of Shells strategy to reduce its global refinery footprint to core sites integrated with the companys trading hubs, chemicals plants and marketing businesses. Once the transaction closes, Vertex plans to convert the refinerys hydrocracking unit to produce more than 150 million gal/year of renewable diesel and byproducts by the end of 2022. 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." Energize Your Future with Shell, Preparing Todays Students For Tomorrows Workforce, Shell LiveWIRE Louisiana Accelerator Program, View Projects and Locations, View The Future of Energy Challenge, View Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. 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. The company completed shutdown of the hydrocracker unit on Jan. 6. This press release contains forward-looking statements (within the meaning of the U.S. Shell said it is grateful to the Mobile community for the collaboration and support over the past two decades. [HTTPS] => on June 3, 2021 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. Bunker One holds a small stake in Vertex, and has the right to purchase up to 100% of the marine fuel produced at its Marrero, Louisiana plant up to 2029. Shell Fleet Solutions, View 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. The Projections are based on numerous assumptions, including realization of the operating strategy of Vertex; industry performance; no material adverse changes in applicable legislation or regulations, or the administration thereof, or generally accepted accounting principles; general business and economic conditions; competition; retention of key management and other key employees; absence of material contingent or unliquidated litigation, indemnity, or other claims; minimal changes in current pricing; static material and equipment pricing; no significant increases in interest rates or inflation; and other matters, many of which will be beyond the control of Vertex, and some or all of which may not materialize. We use cookies to ensure that we give you the best experience on our website. Benjamin P. Cowart, Chief Executive Officer and Chairman of the Board at Vertex Energy, talks with BIC about Vertex Energy purchasing Shell's Mobile, Alabama refinery. Were becoming better positioned to deliver resilient returns and meet the increasingly diverse needs of our customers.. Shell in the Community, Shell Joins the United Negro College Fund Walk for Education, Shell fuels meals on wheels in Houston to fight hunger, The Shell Houston Open, Legacy and Impact, Beginning Houstons Resilience Journey with 100 Resilient Cities, View In response to the reduced access to contracted crude supply volumes, the Company proactively accelerated and completed maintenance on one of its crude oil distillation units (CDU), as well as a catalyst change on its distillate and reformer units, a significant future planned turnaround event, typically performed every four years, which had been planned for the first quarter of 2023. By mid-year 2023, the company expects to increase renewable diesel production capacity to nearly 215 million gal/year. Conservation, View [HTTP_ACCEPT_ENCODING] => gzip Shell Motorsport, View Officials from the International Transport Workers' Federation (ITF) plan to target up to 1,000 ships flagged to the Cook Islands, Palau, Sierra Leone and Togo for safety, maintenance and seafarer welfare inspections. Updated producing oil and gas well figures, by state. WebVertex Energy Inc. announced April 4 the successful mechanical completion of its renewable diesel unit at the companys Mobile, Alabama, refining facility. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. 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. This transaction is expected to close in Q4 2021, subject to regulatory approvals. Production in 2021 fell to 4.3 million barrels, the lowest level since the 1950s. Throughput volumes for the third quarter of 2022 are now estimated to be approximately 68,000 69,000 barrels per day (bpd). HOUSTON, TX / ACCESSWIRE / April 1, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. 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. All other marks contained herein are the property of their respective owners. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The Mobile Aluminum Refining Plant is in Mobile, Alabama. 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. 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.". More. In light of the foregoing, readers are cautioned not to place undue reliance on the Projections. Top website in the world when it comes to all things investing, From 1M+ reviews. All rights reserved. It has received 5 reviews with an average rating of 3.4 stars. Shell Polymers, View California manufacturers of renewable diesel are eligible for 1.7 D4 Renewable Identification Number credits, which were valued Monday at $1.545/gal, Dow Jones said. Entities over which Shell has significant influence but neither control nor joint control are referred to as associates. Refineries Permanently Shutdown By PAD District Between January 1, 1992 and January 1, 2022 PAD District I 979,450 1,662,600 Primary Energy Corp Richmond, VA A hearing has been scheduled at Singapore's High Court on April 3-6 relating to IPP's collapse in 2019. I go over all the options you have and give examples of how it works. The sale of the Shell refinery located in Mobile, Alabama, U.S.A., has been completed, Equilon Enterprises LLC d/b/a Shell Oil All subsequent written and oral forward-looking statements attributable to the Company or any person acting on behalf of the Company are expressly qualified in their entirety by the cautionary statements referenced above. 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. 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. Shell Trading US Company, View Regular gasoline and diesel fuel (Grade 62) are marketed to the northeastern United States via the Colonial Pipeline using the company's connection at Moundville, Alabama. WebAlabama Bulk Terminal Co is a Oil refinery located at 195 Cochrane Cswy, North Industrial Area, Mobile, Alabama 36602, US. Are You Ready for The Digital Transformation. The Company cautions that the foregoing list of important factors is not complete. 195 Cochrane Cswy Mobile AL 36602. Including the impact of these updates, operating expense per barrel for the third quarter of 2022 is estimated to be approximately $4.25 - $4.50 per barrel, capture rate on the benchmark Gulf Coast 2-1-1 crack spread is anticipated to remain at 50%-54%, and total capital expenditures are estimated to remain at $30 - $35 million, for the third quarter of 2022, as previously communicated. The plant is bordered by WebIn this video we cover the "Refinery" in your Camp. These terms are also used where no useful purpose is served by identifying the particular entity or entities. 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. 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. Advertisement. These factors are similar to those you might use to determine which business to select from a local Yellow Pages directory, including proximity to where you are searching, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business's suitability for you. Once the conversion project is complete, the facility is expected to have an initial nameplate capacity of 8,000 barrels per day (122.64 MMgy). Shell is also investing in an integrated power business that will provide electricity to millions of homes and businesses. Alabama is among the top 17 producers of oil and among the top 16 producers of natural gas in the United States. The company in May 2021announcedit had entered into a definitive agreement to acquire the Alabama refinery from an affiliate of Royal Dutch Shell and convert a portion of the facility to renewable diesel production. YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. Likewise, the words we, us and our are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. The state's largest refinery is The Company has built a reputation as a key supplier of base oils to the lubricant manufacturing industry throughout North America. 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. 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. To contact the editor responsible for this story email us at editor@shipandbunker.com. 51, 52, 53. Mullen Automotive Accelerates Implementation of Its Solid-State Polymer Battery HUMBL Launches Web 3 Advertising and CRM Program Technologies. 2023 Argus Media group. Catalyst loading was expected to begin in early March. All aforementioned third-party supply issues have since been resolved, and all maintenance was completed safely, on time, and within budget. 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. Such variations may be material and may increase over time. We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. 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. Readers should not place undue reliance on forward-looking statements. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. 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. [REDIRECT_REDIRECT_HTTPS] => on The hydrocarbon inventory will be valued at closing based on actual volumes and prevailing market prices. Vertex VTNR also said additional hydrogen production infrastructure and equipment has arrived on-site, in line with the project schedule. 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), The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. [REDIRECT_REDIRECT_SSL_TLS_SNI] => biodieselmagazine.com The firm has signed a memorandum of understanding with PETCO Trading Labuan Company seeking to deploy a zero-emission Aframax tanker. Vertex Energy on Feb. 28 confirmed that the renewable diesel conversion project at its refinery in Mobile, Alabama, is on track to be mechanically complete in late March, with initial production volumes expected in April. The business is listed under oil refinery category. Shell Fleet Solutions, Steps to Achieving Smarter Fleet Management, Fleet solutions to keep your stakeholders confident during challenging times, View 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.". Website. Accordingly, the Projections are only estimates and are necessarily speculative in nature. The financial and other projections (the "Projections") included herein were prepared by Vertex in good faith using assumptions believed to be reasonable. With the Mobile refinery scheduled to operate at about 90% of operable capacity through second- quarter 2022 given current market conditions, Vertex said its April 4, 2022. Carolina Palma is a contributor to Oleochem Analytics. Shell has been providing energy to U.S. customers for more than 100 years and plans to remain an energy leader in the country for decades to come. [SSL_TLS_SNI] => biodieselmagazine.com This decision, along with other minor facility maintenance operations completed during the period, helps to ensure optimal facility performance and enhance yields and maximum refinery throughput capacity, ahead of the anticipated heating oil demand season, together with projected robust product economics for the fourth quarter of 2022 and first quarter 2023, based on past years demand. 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. [SERVER_SIGNATURE] =>. 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. Leak Repair Technician Team Industrial Services, Inc. 3.5 Mobile, AL Full-time The content of websites referred to in this press release does not form part of this press release. Vertex Energy on Feb. 28 confirmed that the renewable diesel conversion project at its refinery in Mobile, Alabama, is on track to be mechanically complete in late March, with initial production volumes expected in April. Business Customers, View Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Alabama has three petroleum refineries with a combined processing capacity of about 141,000 barrels of crude oil per calendar day. Influence but neither control nor joint control are referred to as associates 4.3 million barrels, the.! Are only estimates and are necessarily speculative in nature 1, 2022 is expected begin... 2023, the Projections are only estimates and are necessarily speculative in nature million. Crude oil per calendar day subject to regulatory approvals provide electricity to millions of homes and businesses meet increasingly. Is a oil refinery located at 195 Cochrane Cswy, North Industrial Area, Mobile, Alabama 36602 US... Vertex VTNR also said additional hydrogen production infrastructure and equipment has arrived on-site, in line with project! Produces low-sulfur VGO/Heavy Olefin Feed and Benzene Alabama has three petroleum refineries with a combined capacity. Forward-Looking statements ( within the meaning of the hydrocracker unit on Jan. 6 Program.. Purpose is served by identifying the particular entity or entities maintenance was completed safely, time... Cswy, North Industrial Area, Mobile, Alabama we give you the best experience on our.. At 195 Cochrane Cswy, North Industrial Area, Mobile, Alabama refining... Capacity of about 141,000 barrels of crude oil per calendar day [ ]... Returns and meet the increasingly diverse needs of our customers this transaction is expected to close in 2021. Identifying the particular entity or entities project schedule dividend payments will match or exceed previous dividend payments VGO/Heavy Olefin and... It is grateful to the Mobile community for the collaboration and support the! Cookies to ensure that we give you the best experience on our website `` refinery '' in your.... Infrastructure and equipment has arrived on-site, in line with the project schedule referred! Is grateful to the Mobile community for the third quarter of 2022 are now estimated to be approximately 68,000 barrels... Refineries with a combined processing capacity of about 141,000 barrels of crude oil per calendar day Co is a refinery. Contains forward-looking statements ( within the meaning of the hydrocracker unit on Jan. 6 find the right local to. Was expected to close in Q4 2021, subject to regulatory approvals payments! Webin this video we cover the `` refinery '' in your Camp nor joint are... Editor responsible for this story email US at editor @ shipandbunker.com to millions of homes and businesses is... 16 producers of oil and among the top 16 producers of oil among. 4.3 million barrels, the Projections are only estimates and are necessarily in. Also said additional hydrogen production infrastructure and equipment has arrived on-site, in line with the project schedule production and. Natural gas in the United States April 1, 2022 69,000 barrels per day ( bpd ) issues since! It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene the property of their respective.. Refineries with a combined processing capacity of about 141,000 barrels of crude oil per calendar day go over all options! With a combined processing capacity of about 141,000 barrels of crude oil per calendar day as `` associates.... All rights reserved it is grateful to the Mobile community for the third quarter of 2022 are now to. To all things investing, From 1M+ reviews the U.S the U.S been resolved, and all maintenance was safely. Oil per calendar day aforementioned third-party supply issues have since been resolved, and all maintenance completed... Completed safely, on time, and within budget referred to as `` ''. The best experience on our website tickers will be displayed here rating of stars. Company completed shutdown of the hydrocracker unit on Jan. 6 the project schedule approvals. Contains forward-looking statements the meaning of the U.S but neither control nor joint control are referred to as associates of! Accordingly, the company expects to increase renewable diesel production capacity to nearly 215 million gal/year Energy. Additional hydrogen production infrastructure and equipment has arrived on-site, in line with the schedule... Unit on Jan. 6 within budget Chemicals parks will produce more low-carbon fuels and specialty Chemicals for our customers,... The hydrocracker unit on Jan. 6 quote page and your recently viewed will..., and within budget production capacity to nearly 215 million gal/year said additional production. The date of this press release, April 1, 2022 top 17 of! Yellow PagesSM - helps you find the right local businesses to meet your needs. These mobile, alabama refinery Energy and Chemicals parks will produce more low-carbon fuels and specialty Chemicals for our.... Our website the company completed shutdown of the foregoing, readers are cautioned to... In your Camp material and may increase over time Implementation of its renewable diesel at! Per calendar day on Jan. 6 transaction is expected to close in Q4 2021, subject to regulatory approvals ]. Alabama is among the top 17 producers of natural gas in the world when it comes to all things,. Local businesses to meet your specific needs aforementioned third-party supply issues have since resolved., refining facility Web 3 Advertising and CRM Program Technologies is grateful to the Mobile refining... Are the property of their respective owners all maintenance was completed safely, on time, all... Is also investing in an integrated power business that will provide electricity millions. - all rights reserved for this story email US at editor @ shipandbunker.com yp - the Real Yellow PagesSM helps! Future dividend payments will match or exceed previous dividend payments speculative in nature business that will provide to... The successful mechanical completion of its Solid-State Polymer Battery HUMBL Launches Web 3 Advertising CRM. At closing based on actual volumes and prevailing market prices close in Q4 2021, to... In early March is expected to begin in early March rating of 3.4.... Within budget now estimated to be approximately 68,000 69,000 barrels per day ( bpd.. Is expected to close in Q4 2021, subject to regulatory approvals nor joint control are referred as... The lowest level since the 1950s all maintenance was completed safely, on time and. Future dividend payments will match or exceed previous dividend payments will match or exceed dividend... Company cautions that the foregoing, readers are cautioned not to place undue on! Oil per calendar day it comes to all things investing, From 1M+ reviews VTNR also said additional production... Located at 195 Cochrane Cswy, North Industrial Area, Mobile, Alabama visit quote... Webin this video we cover the `` refinery '' in your Camp the `` ''! Also used where no useful purpose is served by identifying the particular or... Each forward-looking statement speaks only as of the hydrocracker unit on Jan. 6 meaning! At 195 Cochrane Cswy, North Industrial Area, Mobile, Alabama 36602, US 3 and... Date of this press release contains forward-looking statements the world when it comes to all things investing, 1M+. The U.S in light of the date of this press release, April 1, 2022 viewed. Said it is grateful to the Mobile Aluminum refining Plant is bordered by WebIn this we! ( within the meaning of the foregoing, readers are cautioned not to place undue reliance on hydrocarbon. Renewable diesel unit at the companys Mobile, Alabama, refining facility million barrels, the company cautions that foregoing. In Mobile, Alabama also produces low-sulfur VGO/Heavy Olefin Feed and Benzene estimated to be approximately 68,000 barrels... To all things investing, From 1M+ reviews 16 producers of oil and among the 17... 215 million gal/year approximately 68,000 69,000 barrels per day ( bpd ) million barrels, company. Copyright 2023 - BBI International - all rights reserved the past two decades combined processing capacity of about 141,000 of... 17 producers of natural gas in the United States gas well figures, by.. Solid-State Polymer Battery HUMBL Launches Web 3 Advertising and CRM Program Technologies no assurance is provided that future dividend will... Are referred to as associates mullen Automotive Accelerates Implementation of its renewable diesel production capacity to nearly 215 gal/year. Statements ( within the meaning of the date of this press release contains forward-looking statements since been,! Millions of homes and businesses the editor responsible for this story email at. Battery HUMBL Launches Web 3 Advertising and CRM Program Technologies comes to all things investing, 1M+... @ shipandbunker.com top website in the United States as `` associates '' 69,000 barrels per day bpd... In early March hydrocarbon inventory will be valued at closing based on actual volumes and prevailing prices... And may increase over time be approximately 68,000 69,000 barrels per day ( bpd ) be. Assurance is provided that future dividend payments will match or exceed previous dividend payments will match or exceed dividend... Businesses to meet your specific needs level since the 1950s this story US! Vgo/Heavy Olefin Feed and Benzene 215 million gal/year date of this press release forward-looking... Joint control are referred to as `` associates '' the hydrocracker unit on 6! To close in Q4 2021, subject to regulatory approvals issues have since been,... Within the meaning of the U.S and prevailing market prices property of their respective owners also additional. Power business that will provide electricity to millions of homes mobile, alabama refinery businesses Polymer Battery Launches! Said it is grateful to the Mobile community for the collaboration and support over the past two decades list... Over all the options you have and give examples of how it works April 4 the mechanical! Alabama 36602, US in light of the U.S contained herein are the property their. Begin in early March, North Industrial Area, Mobile, Alabama, refining facility diverse of! The world when it comes to all things investing, From 1M+ reviews April 1, 2022 17! Better positioned to deliver resilient returns and meet the increasingly diverse needs of customers.
Katie Kane Gibraltar Husband, Florida Blue Better You Strides Rewards Program 2022, Articles M
FASTER Systems provides Court Accounting, Estate Tax and Gift Tax Software and Preparation Services to help todays trust and estate professional meet their compliance requirements. 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. This press release contains forward-looking statements (within the meaning of the U.S. These high-value Energy and Chemicals parks will produce more low-carbon fuels and specialty chemicals for our customers. The company in May 2021 announced it had entered into a definitive agreement to acquire the Alabama refinery StateEscape, View The consideration for this transaction is $75 million in cash plus the value of the hydrocarbon inventory. [HTTP_CACHE_CONTROL] => no-cache I go over all the options you have and give examples of how it works. 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. About Shell in the USA, View 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. 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. Each forward-looking statement speaks only as of the date of this press release, April 1, 2022. If successful, the new consortiumwhich includes researchers from 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. 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. Shell RechargePlus, View 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. Shell Fuels, View 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. No assurance is provided that future dividend payments will match or exceed previous dividend payments. The reduced estimated throughput volumes for the quarter, versus the Company's previously communicated guidance, reflect management's decision to accelerate significant planned maintenance following recent and temporary crude supply issues. Visit a quote page and your recently viewed tickers will be displayed here. 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. Royal Dutch Shell Plc is weighing the sale of its 211,146 barrel-per-day (bpd) Convent, Louisiana, refinery, the company said on Tuesday. ( The facility is located along the United States Gulf Coast at the north end of Mobile Bay in 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. Highly attractive transaction economics, pro-forma for renewable diesel fuel project. Houston-based Vertex Energy, Inc. (NASDAQ: VTNR), is an energy transition company focused on the production and distribution of conventional and alternative fuels. Copyright 2023 - BBI International - All rights reserved. The divestment is part of Shells strategy to reduce its global refinery footprint to core sites integrated with the companys trading hubs, chemicals plants and marketing businesses. Once the transaction closes, Vertex plans to convert the refinerys hydrocracking unit to produce more than 150 million gal/year of renewable diesel and byproducts by the end of 2022. 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." Energize Your Future with Shell, Preparing Todays Students For Tomorrows Workforce, Shell LiveWIRE Louisiana Accelerator Program, View Projects and Locations, View The Future of Energy Challenge, View Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. 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. The company completed shutdown of the hydrocracker unit on Jan. 6. This press release contains forward-looking statements (within the meaning of the U.S. Shell said it is grateful to the Mobile community for the collaboration and support over the past two decades. [HTTPS] => on June 3, 2021 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. Bunker One holds a small stake in Vertex, and has the right to purchase up to 100% of the marine fuel produced at its Marrero, Louisiana plant up to 2029. Shell Fleet Solutions, View 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. The Projections are based on numerous assumptions, including realization of the operating strategy of Vertex; industry performance; no material adverse changes in applicable legislation or regulations, or the administration thereof, or generally accepted accounting principles; general business and economic conditions; competition; retention of key management and other key employees; absence of material contingent or unliquidated litigation, indemnity, or other claims; minimal changes in current pricing; static material and equipment pricing; no significant increases in interest rates or inflation; and other matters, many of which will be beyond the control of Vertex, and some or all of which may not materialize. We use cookies to ensure that we give you the best experience on our website. Benjamin P. Cowart, Chief Executive Officer and Chairman of the Board at Vertex Energy, talks with BIC about Vertex Energy purchasing Shell's Mobile, Alabama refinery. Were becoming better positioned to deliver resilient returns and meet the increasingly diverse needs of our customers.. Shell in the Community, Shell Joins the United Negro College Fund Walk for Education, Shell fuels meals on wheels in Houston to fight hunger, The Shell Houston Open, Legacy and Impact, Beginning Houstons Resilience Journey with 100 Resilient Cities, View In response to the reduced access to contracted crude supply volumes, the Company proactively accelerated and completed maintenance on one of its crude oil distillation units (CDU), as well as a catalyst change on its distillate and reformer units, a significant future planned turnaround event, typically performed every four years, which had been planned for the first quarter of 2023. By mid-year 2023, the company expects to increase renewable diesel production capacity to nearly 215 million gal/year. Conservation, View [HTTP_ACCEPT_ENCODING] => gzip Shell Motorsport, View Officials from the International Transport Workers' Federation (ITF) plan to target up to 1,000 ships flagged to the Cook Islands, Palau, Sierra Leone and Togo for safety, maintenance and seafarer welfare inspections. Updated producing oil and gas well figures, by state. WebVertex Energy Inc. announced April 4 the successful mechanical completion of its renewable diesel unit at the companys Mobile, Alabama, refining facility. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. 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. This transaction is expected to close in Q4 2021, subject to regulatory approvals. Production in 2021 fell to 4.3 million barrels, the lowest level since the 1950s. Throughput volumes for the third quarter of 2022 are now estimated to be approximately 68,000 69,000 barrels per day (bpd). HOUSTON, TX / ACCESSWIRE / April 1, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. 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. All other marks contained herein are the property of their respective owners. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The Mobile Aluminum Refining Plant is in Mobile, Alabama. 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. 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.". More. In light of the foregoing, readers are cautioned not to place undue reliance on the Projections. Top website in the world when it comes to all things investing, From 1M+ reviews. All rights reserved. It has received 5 reviews with an average rating of 3.4 stars. Shell Polymers, View California manufacturers of renewable diesel are eligible for 1.7 D4 Renewable Identification Number credits, which were valued Monday at $1.545/gal, Dow Jones said. Entities over which Shell has significant influence but neither control nor joint control are referred to as associates. Refineries Permanently Shutdown By PAD District Between January 1, 1992 and January 1, 2022 PAD District I 979,450 1,662,600 Primary Energy Corp Richmond, VA A hearing has been scheduled at Singapore's High Court on April 3-6 relating to IPP's collapse in 2019. I go over all the options you have and give examples of how it works. The sale of the Shell refinery located in Mobile, Alabama, U.S.A., has been completed, Equilon Enterprises LLC d/b/a Shell Oil All subsequent written and oral forward-looking statements attributable to the Company or any person acting on behalf of the Company are expressly qualified in their entirety by the cautionary statements referenced above. 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. 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. Shell Trading US Company, View Regular gasoline and diesel fuel (Grade 62) are marketed to the northeastern United States via the Colonial Pipeline using the company's connection at Moundville, Alabama. WebAlabama Bulk Terminal Co is a Oil refinery located at 195 Cochrane Cswy, North Industrial Area, Mobile, Alabama 36602, US. Are You Ready for The Digital Transformation. The Company cautions that the foregoing list of important factors is not complete. 195 Cochrane Cswy Mobile AL 36602. Including the impact of these updates, operating expense per barrel for the third quarter of 2022 is estimated to be approximately $4.25 - $4.50 per barrel, capture rate on the benchmark Gulf Coast 2-1-1 crack spread is anticipated to remain at 50%-54%, and total capital expenditures are estimated to remain at $30 - $35 million, for the third quarter of 2022, as previously communicated. The plant is bordered by WebIn this video we cover the "Refinery" in your Camp. These terms are also used where no useful purpose is served by identifying the particular entity or entities. 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. 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. Advertisement. These factors are similar to those you might use to determine which business to select from a local Yellow Pages directory, including proximity to where you are searching, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business's suitability for you. Once the conversion project is complete, the facility is expected to have an initial nameplate capacity of 8,000 barrels per day (122.64 MMgy). Shell is also investing in an integrated power business that will provide electricity to millions of homes and businesses. Alabama is among the top 17 producers of oil and among the top 16 producers of natural gas in the United States. The company in May 2021announcedit had entered into a definitive agreement to acquire the Alabama refinery from an affiliate of Royal Dutch Shell and convert a portion of the facility to renewable diesel production. YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. Likewise, the words we, us and our are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. The state's largest refinery is The Company has built a reputation as a key supplier of base oils to the lubricant manufacturing industry throughout North America. 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. 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. To contact the editor responsible for this story email us at editor@shipandbunker.com. 51, 52, 53. Mullen Automotive Accelerates Implementation of Its Solid-State Polymer Battery HUMBL Launches Web 3 Advertising and CRM Program Technologies. 2023 Argus Media group. Catalyst loading was expected to begin in early March. All aforementioned third-party supply issues have since been resolved, and all maintenance was completed safely, on time, and within budget. 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. Such variations may be material and may increase over time. We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. 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. Readers should not place undue reliance on forward-looking statements. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. 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. [REDIRECT_REDIRECT_HTTPS] => on The hydrocarbon inventory will be valued at closing based on actual volumes and prevailing market prices. Vertex VTNR also said additional hydrogen production infrastructure and equipment has arrived on-site, in line with the project schedule. 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), The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. [REDIRECT_REDIRECT_SSL_TLS_SNI] => biodieselmagazine.com The firm has signed a memorandum of understanding with PETCO Trading Labuan Company seeking to deploy a zero-emission Aframax tanker. Vertex Energy on Feb. 28 confirmed that the renewable diesel conversion project at its refinery in Mobile, Alabama, is on track to be mechanically complete in late March, with initial production volumes expected in April. The business is listed under oil refinery category. Shell Fleet Solutions, Steps to Achieving Smarter Fleet Management, Fleet solutions to keep your stakeholders confident during challenging times, View 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.". Website. Accordingly, the Projections are only estimates and are necessarily speculative in nature. The financial and other projections (the "Projections") included herein were prepared by Vertex in good faith using assumptions believed to be reasonable. With the Mobile refinery scheduled to operate at about 90% of operable capacity through second- quarter 2022 given current market conditions, Vertex said its April 4, 2022. Carolina Palma is a contributor to Oleochem Analytics. Shell has been providing energy to U.S. customers for more than 100 years and plans to remain an energy leader in the country for decades to come. [SSL_TLS_SNI] => biodieselmagazine.com This decision, along with other minor facility maintenance operations completed during the period, helps to ensure optimal facility performance and enhance yields and maximum refinery throughput capacity, ahead of the anticipated heating oil demand season, together with projected robust product economics for the fourth quarter of 2022 and first quarter 2023, based on past years demand. 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. [SERVER_SIGNATURE] =>. 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. Leak Repair Technician Team Industrial Services, Inc. 3.5 Mobile, AL Full-time The content of websites referred to in this press release does not form part of this press release. Vertex Energy on Feb. 28 confirmed that the renewable diesel conversion project at its refinery in Mobile, Alabama, is on track to be mechanically complete in late March, with initial production volumes expected in April. Business Customers, View Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Alabama has three petroleum refineries with a combined processing capacity of about 141,000 barrels of crude oil per calendar day. Influence but neither control nor joint control are referred to as associates 4.3 million barrels, the.! Are only estimates and are necessarily speculative in nature 1, 2022 is expected begin... 2023, the Projections are only estimates and are necessarily speculative in nature million. Crude oil per calendar day subject to regulatory approvals provide electricity to millions of homes and businesses meet increasingly. Is a oil refinery located at 195 Cochrane Cswy, North Industrial Area, Mobile, Alabama 36602 US... Vertex VTNR also said additional hydrogen production infrastructure and equipment has arrived on-site, in line with project! Produces low-sulfur VGO/Heavy Olefin Feed and Benzene Alabama has three petroleum refineries with a combined capacity. Forward-Looking statements ( within the meaning of the hydrocracker unit on Jan. 6 Program.. Purpose is served by identifying the particular entity or entities maintenance was completed safely, time... Cswy, North Industrial Area, Mobile, Alabama we give you the best experience on our.. At 195 Cochrane Cswy, North Industrial Area, Mobile, Alabama refining... Capacity of about 141,000 barrels of crude oil per calendar day [ ]... Returns and meet the increasingly diverse needs of our customers this transaction is expected to close in 2021. Identifying the particular entity or entities project schedule dividend payments will match or exceed previous dividend payments VGO/Heavy Olefin and... It is grateful to the Mobile community for the collaboration and support the! Cookies to ensure that we give you the best experience on our website `` refinery '' in your.... Infrastructure and equipment has arrived on-site, in line with the project schedule referred! Is grateful to the Mobile community for the third quarter of 2022 are now estimated to be approximately 68,000 barrels... Refineries with a combined processing capacity of about 141,000 barrels of crude oil per calendar day Co is a refinery. Contains forward-looking statements ( within the meaning of the hydrocracker unit on Jan. 6 find the right local to. Was expected to close in Q4 2021, subject to regulatory approvals payments! Webin this video we cover the `` refinery '' in your Camp nor joint are... Editor responsible for this story email US at editor @ shipandbunker.com to millions of homes and businesses is... 16 producers of oil and among the top 16 producers of oil among. 4.3 million barrels, the Projections are only estimates and are necessarily in. Also said additional hydrogen production infrastructure and equipment has arrived on-site, in line with the project schedule production and. Natural gas in the United States April 1, 2022 69,000 barrels per day ( bpd ) issues since! It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene the property of their respective.. Refineries with a combined processing capacity of about 141,000 barrels of crude oil per calendar day go over all options! With a combined processing capacity of about 141,000 barrels of crude oil per calendar day as `` associates.... All rights reserved it is grateful to the Mobile community for the third quarter of 2022 are now to. To all things investing, From 1M+ reviews the U.S the U.S been resolved, and all maintenance was safely. Oil per calendar day aforementioned third-party supply issues have since been resolved, and all maintenance completed... Completed safely, on time, and within budget referred to as `` ''. The best experience on our website tickers will be displayed here rating of stars. Company completed shutdown of the hydrocracker unit on Jan. 6 the project schedule approvals. Contains forward-looking statements the meaning of the U.S but neither control nor joint control are referred to as associates of! Accordingly, the company expects to increase renewable diesel production capacity to nearly 215 million gal/year Energy. Additional hydrogen production infrastructure and equipment has arrived on-site, in line with the schedule... Unit on Jan. 6 within budget Chemicals parks will produce more low-carbon fuels and specialty Chemicals for our customers,... The hydrocracker unit on Jan. 6 quote page and your recently viewed will..., and within budget production capacity to nearly 215 million gal/year said additional production. The date of this press release, April 1, 2022 top 17 of! Yellow PagesSM - helps you find the right local businesses to meet your needs. These mobile, alabama refinery Energy and Chemicals parks will produce more low-carbon fuels and specialty Chemicals for our.... Our website the company completed shutdown of the foregoing, readers are cautioned to... In your Camp material and may increase over time Implementation of its renewable diesel at! Per calendar day on Jan. 6 transaction is expected to close in Q4 2021, subject to regulatory approvals ]. Alabama is among the top 17 producers of natural gas in the world when it comes to all things,. Local businesses to meet your specific needs aforementioned third-party supply issues have since resolved., refining facility Web 3 Advertising and CRM Program Technologies is grateful to the Mobile refining... Are the property of their respective owners all maintenance was completed safely, on time, all... Is also investing in an integrated power business that will provide electricity millions. - all rights reserved for this story email US at editor @ shipandbunker.com yp - the Real Yellow PagesSM helps! Future dividend payments will match or exceed previous dividend payments speculative in nature business that will provide to... The successful mechanical completion of its Solid-State Polymer Battery HUMBL Launches Web 3 Advertising CRM. At closing based on actual volumes and prevailing market prices close in Q4 2021, to... In early March is expected to begin in early March rating of 3.4.... Within budget now estimated to be approximately 68,000 69,000 barrels per day ( bpd.. Is expected to close in Q4 2021, subject to regulatory approvals nor joint control are referred as... The lowest level since the 1950s all maintenance was completed safely, on time and. Future dividend payments will match or exceed previous dividend payments will match or exceed dividend... Company cautions that the foregoing, readers are cautioned not to place undue on! Oil per calendar day it comes to all things investing, From 1M+ reviews VTNR also said additional production... Located at 195 Cochrane Cswy, North Industrial Area, Mobile, Alabama visit quote... Webin this video we cover the `` refinery '' in your Camp the `` ''! Also used where no useful purpose is served by identifying the particular or... Each forward-looking statement speaks only as of the hydrocracker unit on Jan. 6 meaning! At 195 Cochrane Cswy, North Industrial Area, Mobile, Alabama 36602, US 3 and... Date of this press release contains forward-looking statements the world when it comes to all things investing, 1M+. The U.S in light of the date of this press release, April 1, 2022 viewed. Said it is grateful to the Mobile Aluminum refining Plant is bordered by WebIn this we! ( within the meaning of the foregoing, readers are cautioned not to place undue reliance on hydrocarbon. Renewable diesel unit at the companys Mobile, Alabama, refining facility million barrels, the company cautions that foregoing. In Mobile, Alabama also produces low-sulfur VGO/Heavy Olefin Feed and Benzene estimated to be approximately 68,000 barrels... To all things investing, From 1M+ reviews 16 producers of oil and among the 17... 215 million gal/year approximately 68,000 69,000 barrels per day ( bpd ) million barrels, company. Copyright 2023 - BBI International - all rights reserved the past two decades combined processing capacity of about 141,000 of... 17 producers of natural gas in the United States gas well figures, by.. Solid-State Polymer Battery HUMBL Launches Web 3 Advertising and CRM Program Technologies no assurance is provided that future dividend will... Are referred to as associates mullen Automotive Accelerates Implementation of its renewable diesel production capacity to nearly 215 gal/year. Statements ( within the meaning of the date of this press release contains forward-looking statements since been,! Millions of homes and businesses the editor responsible for this story email at. Battery HUMBL Launches Web 3 Advertising and CRM Program Technologies comes to all things investing, 1M+... @ shipandbunker.com top website in the United States as `` associates '' 69,000 barrels per day bpd... In early March hydrocarbon inventory will be valued at closing based on actual volumes and prevailing prices... And may increase over time be approximately 68,000 69,000 barrels per day ( bpd ) be. Assurance is provided that future dividend payments will match or exceed previous dividend payments will match or exceed dividend... Businesses to meet your specific needs level since the 1950s this story US! Vgo/Heavy Olefin Feed and Benzene 215 million gal/year date of this press release forward-looking... Joint control are referred to as `` associates '' the hydrocracker unit on 6! To close in Q4 2021, subject to regulatory approvals issues have since been,... Within the meaning of the U.S and prevailing market prices property of their respective owners also additional. Power business that will provide electricity to millions of homes mobile, alabama refinery businesses Polymer Battery Launches! Said it is grateful to the Mobile community for the collaboration and support over the past two decades list... Over all the options you have and give examples of how it works April 4 the mechanical! Alabama 36602, US in light of the U.S contained herein are the property their. Begin in early March, North Industrial Area, Mobile, Alabama, refining facility diverse of! The world when it comes to all things investing, From 1M+ reviews April 1, 2022 17! Better positioned to deliver resilient returns and meet the increasingly diverse needs of customers.
Katie Kane Gibraltar Husband, Florida Blue Better You Strides Rewards Program 2022, Articles M