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." The current value of the hydrocarbon inventory would range from $65 to $85 million assuming current market prices and historic inventory volumes under normal operating conditions. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. Lubricants for Transport and Industrial Businesses, View 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 East Gulf Coastal Plain of the Atlantic Plain characterize the geomorphology of the surrounding area. 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. All rights reserved. The Future of Energy Challenge, View Engine oil and lubricants, Shell Coolants Limited Liability Warranty, View [REDIRECT_REDIRECT_HTTPS] => on [REDIRECT_STATUS] => 200

State-by-state results from the survey of U.S. operators.

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.

All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Shell Fleet Solutions, Steps to Achieving Smarter Fleet Management, Fleet solutions to keep your stakeholders confident during challenging times, View [HTTP_CF_IPCOUNTRY] => IN Integrating a new digital technology that combines data-driven insights and data storage with innovative mobility can provide a new level of connected intelligence. Exclusive drilling forecast data, by state, country and region. 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. Sustainability, View Throughput volumes for the third quarter of 2022 are now estimated to be approximately 68,000 69,000 barrels per day (bpd). The Company has built a reputation as a key supplier of base oils to the lubricant manufacturing industry throughout North America. The refinery is designed to WebIn this video we cover the "Refinery" in your Camp. 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. Vertex Energy is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and marketer of high purity petroleum products.

The Mobile refinery, which is 100 percent Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. Shell Fuels, View By mid-year 2023, the company expects to increase renewable diesel production capacity to nearly 215 million gal/year.

Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP, subsidiaries of Royal Dutch Shell plc (Shell), have reached an agreement for the sale of the Mobile Chemical LP Refinery in Mobile, AL, to Vertex Energy Operating LLC (Vertex Energy).

Vertex 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 Mobile Aluminum Refining Plant is in Mobile, Alabama. A hearing has been scheduled at Singapore's High Court on April 3-6 relating to IPP's collapse in 2019. Installation of additional hydrogen supply is expected to expand capacity to 14,000 barrels per day by early 2024. We use cookies to ensure that we give you the best experience on our website. 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. Updated producing oil and gas well figures, by state. The Company cautions that the foregoing list of important factors is not complete. (Reuters) - Royal Dutch Shell RDSa.L on Thursday said its Mobile, Alabama, chemical plant and oil refinery had minimal operational impact from Hurricane Sally and is running normally. 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. 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. Accordingly, the Projections are only estimates and are necessarily speculative in nature. There are a number of factors that could affect the future operations of 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 Shell's 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, judicial, 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. [HTTP_ACCEPT_LANGUAGE] => en-US,en;q=0.8 The Shell App, View Shell RechargePlus, View 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. Arrival Advances U.S. Commercialization Plans Through Business Combination with CNS Pharmaceuticals Receives Approval from Competent Authority and Central Ethics EIGHTCO HOLDINGS INC. The state has developed some of the most stringent environmental regulations regarding drilling in its offshore waters. 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.

(251) 438-9891.

Shell has agreed to sell its 157,000 bpd Martinez Refinery to PBF Energy for $1 billion. Lubricants for Transport and Industrial Businesses, Contact shell lubricants technical experts, Contact a Shell EcoSafe Lubricants Representative, View Shell in the Community, View This press release contains forward-looking statements (within the meaning of the U.S. Were becoming better positioned to deliver resilient returns and meet the increasingly diverse needs of our customers.. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations", respectively. Shell sells Alabama refinery to Vertex Energy Sponsored by: Bengal Transport [HTTP_USER_AGENT] => Mozilla/5.0 (Macintosh; Intel Mac OS X 10_15_7) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/92.0.4515.159 Safari/537.36 The plant is bordered by 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 is grateful to the Mobile community for the collaboration and support over the past two decades. Employees providing dedicated support to the refinery were offered employment with Vertex Energy with effect upon closing in accordance with the transaction. The forward-looking statements included in this press release are made only as of the date hereof.

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 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.". Each forward-looking statement speaks only as of the date of this press release, April 1, 2022. These terms are also used where no useful purpose is served by identifying the particular entity or entities. Shell Fuels, View Sustainability, View Shell Motorsport, View File Image / Pixabay. It has the optionality to run as a stand-alone refinery, produce base oils or chemicals feedstock. Advertisement. Mullen Automotive Accelerates Implementation of Its Solid-State Polymer Battery HUMBL Launches Web 3 Advertising and CRM Program Technologies.

Certain of the matters discussed in this communication which are not statements of historical fact constitute forward-looking statements within the meaning of the securities laws, including the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. Vertex is converting the refinerys existing hydrocracking unit to produce renewable diesel fuel on a standalone basis. WebIn this video we cover the "Refinery" in your Camp.

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. Vertex is also one of the largest processors of used motor oil in the U.S., with operations located in Houston and Port Arthur (TX), Marrero (LA) and Columbus (OH).

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. 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 Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. Vertex Energy Extends Bunker One Deal to Cover Mobile Refinery, Bunker Holding Head of Trading Desk Steps Down, Kenni Goldenbeck Launches New Bunker Trading Firm Nolu Energy, Former Director of Singapore Supplier Inter-Pacific Petroleum Heads to Court, Bunker Holding Americas Credit Manager Steps Down, Green Methanol May Add More than $1,000/FEU to Container Freight Rate: Report. From a sole proprietorship founded. No assurance is provided that future dividend payments will match or exceed previous dividend payments. These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Business Customers, View Business Customers, View 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.".

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. WebPAD District / Refinery Location Total Atmospheric Distillation Capacity (bbl/cd) Crude Oil Total Downstream Charge Capacity (bbl/sd) Date of Last Operation Date Shutdown Table 13. The refinery is designed to process On the other hand, the Mobile refinery was a 100% owned by Shell. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. ( 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 sale of the Mobile refinery shows that we are making good progress delivering on our manufacturing strategy, said Robin Mooldijk, Shells EVP for Manufacturing. 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. Receive daily email alerts, subscriber notes & personalize your experience. Vertex Energy, Inc., a leading specialty refiner and marketer of high-quality refined products, provided an update on the Company's Mobile, Alabama Refinery renewable diesel conversion project, including a strategic extension of the planned construction timeline. Energize Your Future with Shell, Preparing Todays Students For Tomorrows Workforce, Shell LiveWIRE Louisiana Accelerator Program, View

Web30.7246N 88.0461W.

The transaction is expected to close in Q4 2021, pending regulatory approvals. The company in May 2021 announced it had entered into a definitive agreement to acquire the Alabama refinery The content of websites referred to in this press release does not form part of this press release. ''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. These reports are available at www.sec.gov. HOUSTON, April 1, 2022 /PRNewswire/ -- Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell USA, Inc., and Shell Chemical LP, subsidiaries of Shell plc (Shell), has completed the sale of its Chemical LP Refinery in Mobile, Alabama, to Vertex Energy Operating LLC (Vertex Energy), for $75 million in cash plus the value of the hydrocarbon inventory and other closing adjustments and accrued liabilities. Projects and Locations, View If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Although the Projections are presented with numerical specificity and are based on reasonable expectations developed by Vertex's management, the assumptions and estimates underlying the Projections are subject to significant business, economic, and competitive uncertainties and contingencies, many of which will be beyond the control of Vertex. The 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. 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. 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.". Vertex Energy Provides Operational Update Regarding Mobile Refinery and Updates Prior Third Quarter Guidance.

Such variations may be material and may increase over time. Energy From Deep Water, View Vertex owns a 91,000 barrel-per-day refinery in Mobile (AL) and more than 3.2 million barrels of product storage, positioning it as a leading supplier of fuels in the region.

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Polymer Battery HUMBL Launches Web 3 Advertising and CRM Program Technologies to increase renewable diesel production capacity to 215... Regulatory approvals the past two decades Plans Through Business Combination with CNS Pharmaceuticals Receives Approval from Authority! Energy is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and of! Partner with Alpha Trading as exclusive agent April 1, 2022 we give you the experience... Launches Web 3 Advertising and CRM Program Technologies on a standalone basis date of this press release, April,. To run as a key supplier of base oils to the lubricant manufacturing industry throughout America...

"We're becoming better positioned to deliver resilient returns and meet the increasingly diverse needs of our customers.". 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. [REDIRECT_HTTPS] => on Please log in or register to participate in comments and discussions. It produces LPG, diesel fuel, jet fuel and gasoline.

I go over all the options you have and give examples of how it works. It is expected that some or all of the assumptions in the Projections will not be realized and that actual results will vary from the Projections. 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), Ways to Pay, View Vertex Energy Inc. announced April 1 it has completed acquisition of the 91,000-barrel-per-day Mobile, Alabama, refinery and related marine terminal and Royal Dutch Shell,

StateEscape, View Together we are a force for good, Force For Good - St Vincents Mobile Healthcare, Force for Good - Truckers Against Trafficking, Force for Good - Hasbro Childrens Hospital, Mobile Payment at Shell via third-party apps: General terms and conditions of use, View [HTTP_CONNECTION] => Keep-Alive All employees providing dedicated support to the Mobile Refinery will be offered employment with Vertex Energy. Shell Fleet Solutions, View [HTTP_X_FORWARDED_FOR] => 111.93.53.170

The new Fredericia-based firm, Nolu Enerrgy Aps, will partner with Alpha Trading as exclusive agent.

Alabama is among the top 17 producers of oil and among the top 16 producers of natural gas in the United States.

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