In Alabama, the Oil & Gas Journal reports Vertex Energy has become the first flexible refinery to pivot its renewable diesel hydrocracker back to processing petroleum on the back of high renewable diesel supplies in the market. It relaunched the hydrocracker on Oct. 9 after having announced the turn around back in May. The relaunch […]
In Texas, Vertex Energy entered into a Restructuring Support Agreement with overwhelming support of 100% of the company’s term loan lenders. To facilitate the transactions contemplated under the RSA, including exploration of a sale transaction, the Company commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. The Company […]
In Alabama, Vertex Energy reported the total renewable throughput at the Mobile Renewable Diesel facility was 3,926 bpd in the fourth quarter of 2023. Total production of renewable diesel was 3,786 bpd reflecting a product yield of 96.4% although the nameplate of the plant is 8,000 bpd. The Mobile Renewable Diesel facility operations generated a […]
