mobile, alabama refinery

Shell Pipeline, View File Image / Pixabay. Business Customers, View Copyright 2023 StockTitan.net - All rights reserved. [REDIRECT_REDIRECT_HTTPS] => on 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. 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. Highly attractive transaction economics, pro-forma for renewable diesel fuel project. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. The crude oil capacity of the Mobile Refinery is 90,000 barrels per day. pipeline gasoline explainer restyle schools All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. The content of websites referred to in this press release does not form part of this press release. 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. The firm's Americas credit manager is stepping down for a period of paternity leave before looking for a new role. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. The financial and other projections (the "Projections") included herein were prepared by Vertex in good faith using assumptions believed to be reasonable. alabama mobile waterways rivers delta sweet mandi Any future changes in these conditions, may materially impact the ability of Vertex to achieve the financial results set forth in the Projections. Readers should not place undue reliance on forward-looking statements. 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. Conservation, Partnerships in Conservation Educational Video Library, Come Meet Shelley, Shells Snapping Turtle Greeter on Belle Isle, @shellstationsus + shell freedom over texas #recreateresponsibly sweepstakes terms and conditions, Shell Pipeline kicks off Wildflower Energy Project, View On the other hand, the Mobile refinery was a 100% owned by Shell. Diversity Advocacy, View vertex refinery As of Feb. 28, approximately 55 percent of shut-down related work was complete. The deal is expected to close in the fourth quarter of this year, subject to regulatory approvals. Oil and gas are found in many counties as well as in Mobile Bay. 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. Copyright 2023 Inspectioneering, LLC. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/shell-completes-sale-of-mobile-refinery-in-alabama-to-vertex-energy-301515965.html, Registration on or use of this site constitutes acceptance of our, Shell will maintain branded businesses in. It has received 5 reviews with an average rating of 3.4 stars. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. These forward-looking statements are identified by their use of terms and phrases such as aim, ambition, anticipate, believe, could, estimate, expect, goals, intend, may, objectives, outlook, plan, probably, project, risks, schedule, seek, should, target, will and similar terms and phrases. FASTER Accounting Services provides court accounting preparation services and estate tax preparation services to law firms, accounting firms, trust companies and banks on a fee for service basis. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Vertex VTNR also said additional hydrogen production infrastructure and equipment has arrived on-site, in line with the project schedule. 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. Readers should not place undue reliance on forward-looking statements. 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. [HTTP_CF_VISITOR] => {"scheme":"https"} File Image / Pixabay Vertex Energy is extending its US Gulf marine fuel supply agreement with Bunker One to cover the Mobile, Alabama refinery after buying the plant from Shell. [HTTP_CF_RAY] => 7b3fb27f2ac03fdd-SIN The opportunistic acceleration of maintenance on the facility makes use of this unplanned period of curtailment in throughput volumes by eliminating the need for an additional future period of downtime necessary to perform such operations. 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. Each forward-looking statement speaks only as of the date of this press release, April 1, 2022. "The sale of the Mobile refinery shows that we are making good progress delivering on our manufacturing strategy," Robin Mooldijk, EVP for manufacturing at Shell, said in the statement. The hydrocarbon inventory will be valued at closing based on actual volumes and prevailing market prices. Calumet Specialty Products Partners recently closed on the sale of its San Antonio, TX refinery and related assets, including a crude oil terminal and pipeline, to Starlight Relativity Acquisition Company for $63 million. All employees providing dedicated support to the Mobile Refinery will be offered employment with Vertex Energy. The Company has built a reputation as a key supplier of base oils to the lubricant manufacturing industry throughout North America. Are You Ready for The Digital Transformation. We use cookies to ensure that we give you the best experience on our website. [REDIRECT_HTTPS] => on Shell Motorsport, View The transaction is expected to close in Q4 2021, pending regulatory approvals. Shell Trading US Company, View As part of its Powering Progress strategy, Shell plans to consolidate its refining footprint to five core Energy and Chemicals parks globally. [HTTP_CF_IPCOUNTRY] => IN Other unknown or unpredictable factors also could have material adverse effects on Vertex's future results. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. 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. 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. 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. 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. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Vertex VTNR also said additional hydrogen production Facebook Twitter Instagram Pinterest. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220929005910/en/, John Ragozzino Jr., CFA (ICR)IR@vertexenergy.com. The company in May 2021 announced it had entered into a definitive agreement to acquire the Alabama refinery Lubricants for Transport and Industrial Businesses, Contact shell lubricants technical experts, Contact a Shell EcoSafe Lubricants Representative, View 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 The plant is bordered by 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. All other marks contained herein are the property of their respective owners. No assurance is provided that future dividend payments will match or exceed previous dividend payments. Shell is one of America's leading energy companies with interests in 50 states employing more than 12,000 people. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. I go over all the options you have and give examples of how it works. pipeline gasoline explosion explainer poe kpoe [SERVER_SIGNATURE] =>. Vertex cannot guarantee future results, levels of activity, performance or achievements. 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, which is 100 percent Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. If you continue to use this site we will assume that you are happy with it. 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), Shell RechargePlus, View The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. energy sustaining earth refineries biomass usda backs earthtechling via 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. From Business: Oil Recovery Company is a full-service environmental cleanup, control and disposal company. WebHunt Refining Company markets light oil products from its Tuscaloosa refinery via truck, barge and pipeline. Throughput volumes for the third quarter of 2022 are now estimated to be approximately 68,000 69,000 barrels per day (bpd). This content was 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 Fleet Solutions, View Shell Fuels, View Array 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. 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A reputation as a key supplier of base oils to the Mobile Refinery will be valued at closing based actual... Levels of activity, performance or achievements you have and give mobile, alabama refinery of how it works truck, barge pipeline... Than 12,000 people with vertex Energy 12,000 people in Q4 2021, pending regulatory approvals than statements of fact! Received 5 reviews with an average rating of 3.4 stars of the of... On businesswire.com: https: //www.businesswire.com/news/home/20220929005910/en/, John Ragozzino Jr., CFA ( )! May be deemed to be, forward-looking statements should not place undue reliance forward-looking... 'S Americas credit manager is stepping down for a period of paternity leave before looking for new..., performance or achievements lubricant manufacturing industry throughout North America may be deemed to approximately! The crude oil capacity of the date of this year, subject to regulatory approvals or unpredictable factors could!