Vertex Acquiring Alabama Refinery for Renewable Diesel Prod. (M&A)
Vertex Energy,Equilon Enterprises
Houston-headquartered specialty refiner of alternative feedstocks Vertex Energy Inc. reports it is acquiring the Mobil, Alabama-based Mobile Chemical LP Refinery from Houston-based Equilon Enterprises LLC -- dba Shell Oil Products, Shell Oil Company and Shell Chemical, subsidiaries of Royal Dutch Shell -- for $75 million and will produce renewable diesel at the facility. The deal is slated to close in Q4, this year.
Following a planned $85 million conversion of the Mobile refinery hydrocracking unit by the end of 2022, the refinery is expected to produce roughly 10,000 bpd of renewable diesel fuel and by-products increasing to 14,000 bpd by 2023, according to the company. (Source: Vertex Energy, PR, 3 June, 2021) Contact: Vertex Energy Inc., 281.486.4182 email@example.com,
www.vertexenergy.com; Equilon Enterprises, 713-241-6161
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