mobile, alabama refinery

No. 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 Mobile refinery has the option to run as a stand-alone refinery and is also capable of producing base oils and chemicals feedstock. These terms are also used where no useful purpose is served by identifying the particular entity or entities. Shell and Vertex will have crude supply and product offtake agreements, according to the companies. 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 is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and marketer of high purity petroleum products. At closing, Vertex acquired approximately $165 million in hydrocarbon inventory from Shell that was financed through an intermediation agreement arranged by Vertex. * Vertex to acquire 100% of Mobile Chemical LP Refinery * Transforms Vertex into a Leading Independent Refiner of Renewable and Conventional Products * Multi-phase Renewable Diesel Project to . Type a symbol or company name. Additional risk factors that may affect future results are contained in Royal Dutch Shell's Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). 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 Inc. announced April 1 it has completed acquisition of the 91,000-barrel-per-day Mobile, Alabama, refinery and related marine terminal and logistics assets from Equilon Enterprises LLC, doing business as various Shell companies, for a base purchase price of $75 million in cash, together with approximately $25 million related to specified capital expenditures and other closing adjustments. For the period ended 31st December 2021 Tailwind Energy Investments Ltd recorded a profit of $36.4 million arising from a dividend declared by its subsidiary in November 2021. I understood the cost overrun on this project was in the region of 3.3bn, which is surprising as their General Counsel at the time had written the highly regarded book Project Finance. Sustainability News, View 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. No. These symbols will be available throughout the site during your session. They also offer future potential hubs for sequestration. . Mecuria Asset Holdings (Hong-Kong) Ltd A Private Ltd Company 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. 3 hurt in fire at Texas oil refinery. : Would like to hear more on the thread of these interesting comments. Shell RechargePlus, View It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. Earlier this week Shell agreed to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million. As part of this deal, Shell and Vertex Energy will have crude supply and product offtake agreements to support Shells customers in the region. Vertex plans to produce petroleum fuel and renewable diesel at the refinery following the close of the transaction in the fourth quarter of . The 22nd China International Lubricants and Technology Exhibition China International Metalworking Fluids and Surface Cleaning Technology Exhibition Vertex Energy (NASDAQ:VTNR) reported Tuesday that Q4 throughput volumes at its Mobile refinery in Alabama totaled ~77K bbl/day, exceeding prior guidance of 73K-75K bbl/day by 4% at the midpoint, which it said reflects "continued consistent, efficient operations" at the facility.. Q4 operating expenses are estimated at $3.75-$4.00/bbl, while the targeted capture rate on the benchmark Gulf Coast . The state has developed some of the most stringent environmental regulations regarding drilling in its offshore waters. 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 Rolex Datejust, Rolex Day Date President, Submariner, Presidential, Explorer, Sea Dweller, Super President, GMT Master, GMT, YachtMaster, Prince, Milgauss, MasterPiece, Air King, Cosmograph Daytona, and PearlMaster are all registered trademarks of the Rolex Corporation ( Rolex USA, Rolex S.A.). 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 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, 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. Following the transaction, Tailwind Energy Holdings LLP became the parent company of Tailwind Energy Investments Ltd. On the date of issue, the shares of NSV Energy Ltd were valued at $479.9 million resulting in the recognition of an investment of $479.9 million. No. Latest News All media releases for Vertex Energy. VERTEX covers central and northern Alabama such as Birmingham, Tuscaloosa, and Huntsville, from our Atlanta office and Nashville field office. In September, the company said it expected to complete the project in Q1 of 2023, rather than at the end of 2022. 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. No.12776446) was incorporated with one ordinary share of 1 issued to Tailwind Energy Holdings LLP (Co. Reg. Superior Tint & Audio Window tinting, car stereos, car alarms. The refineries are Mobile located in Alabama, and Puget Sound near Anacortes, Washington, US. Projects and Locations, Shell New Energies Junction City, Biomethane Facility, Shell Downstream Bovarius, Biomethane Facility (Wendell, Idaho), Carson Renewable Compressed Natural Gas Fueling Site (Carson, California), Shell Downstream Galloway, Biomethane Facility (Plains, Kansas), Shell Downstream Friesian Biomethane Facility (Wendell, Idaho), Where Shell operates in the United States, The transition of our business to net-zero emissions, Shell completes sale of Mobile refinery in Alabama to Vertex Energy, Shell speaks to Congress about energy and climate. Alabama Gold Refinery, LLC is an independent watch dealer and is not sponsored by, associated with and/or affiliated with Rolex, S.A. Alabama Gold Refinery, LLC only sells pre-owned Rolex watches and provides its own warranties on the watches it sells. It is an entirely free to use website drawing attention to the negative side of Shellwhile also publishing positive news about the company. 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. These are the people that set targets, but if they cant perceive how to deliver, someone (not them) has to be held to account. Houston, Texas-based re-refiner Vertex Energy, Inc. has entered into a definitive agreement to acquire the Mobile, Alabama, U.S.A., refinery from Shell for USD75 million. Useless company out at end of contract. Mercuria Holdings (UK) Ltd (Co. Reg. Energy From Deep Water, View Vertex is also. 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. StateEscape, View Companies House records show for Tailwind Energy Holdings LLP under 'People' the following: 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. Where did the dividend go? The complex is located at the northern end of Mobile Bay and is designed to produce 90,000 . Vertex Energy (VTNR -4.3%) said Friday it completed the previously announced acquisition of Shell's (SHEL +0.7%) 91K bbl/day Mobile, Alabama, refinery for a base purchase price of $75M plus the. 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 Energy From Deep Water, View That fact should beabundantlyplain from the overall content of this home page and our sister Shell focussed websites, including shellnazihistory.com. Date of experience: 10 September 2022, Zero Stars: Zero stars I have no written or verbal contract with shell energy . Ship & Bunker News Team To contact the editor responsible for this story email us at editor@shipandbunker.com Also in the News DFDS to Make Use of Shore Power Connection at Vlaardingen (A Freudian slip, perhaps, given his ambition for a knighthood?). The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. Alabama Gold Refinery, LLC is an independent watch dealer and is not sponsored by, associated with and/or affiliated with Rolex, S.A. Alabama Gold Refinery, LLC only sells pre-owned Rolex watches and provides its own warranties on the watches it sells. HOUSTON, TX / ACCESSWIRE / April 1, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products today announced the completion of the previously announced acquisition of the Mobile, Alabama refinery and related marine terminal and logistics assets from Equilon Enterprises LLC d/b/a Shell Oil Products US ("Shell . If Mr Goulds disparaging comments were not aimed at the latter group, its no surprise the meeting ended on a low note. 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. 760 Aldock Road Eight Mile, AL 36613 Phone: (251) 574-2267 For More. Business Customers, View Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. The company markets asphalt, transportation fuels, light oils and other refinery products predominantly in the southeastern United States. From a sole proprietorship founded. Following the successful completion of a planned $85 million conversion of the Mobile refinery's hydrocracking unit by year-end 2022, Vertex anticipates that the refinery will have the potential . Skip to main content. Tailwind Energy Investments Ltd entered into an agreement with its now subsidiary NSV Energy Ltd to pay the dividends directly to its parent's ultimate shareholders. Vertex plans to produce petroleum fuel and renewable diesel at the refinery following the close of the transaction in the fourth quarter of 2021, pending approvals. 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. Vertex Energy will purchase Shell's 100%-owned Mobile refinery and associated co-located logistics . StateEscape, View Kwinana produced 2.22 million mt of alumina in 2021 and 1.99 million mt in 2022. Energize Your Future with Shell, View About Shell in the USA, View Shell Fleet Solutions, Steps to Achieving Smarter Fleet Management, View This isn't just a phone for people of that age its and essential lifeline. 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. The. 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. HOUSTON, TX / ACCESSWIRE / April 1, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products today announced . Together we are a force for good, View In Alabama, VERTEX has a field office in Fairhope, within a one-hour drive from Mobile. It was at the end of that meeting, that Sami Iskander, then Chief Operating Officer, stood up and to whoever would listen as they 'fled' the cafeteria with their ears burning made the statement that BG Group, the previous year (?) The transaction is expected to close in the fourth quarter of 2021, subject to regulatory clearance and various closing conditions. Supporting Education, Louisiana students learn about science and careers in energy, Super Bowl-themed STEM events for students and teachers, Shell Promotes Youth Leadership in Louisiana, Tree Planting to Protect and Preserve the Natural Environment in our Community, View "We're becoming better positioned to deliver resilient returns and meet the increasingly diverse needs of our customers.". 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. Useless company out at end of contract. Forward-looking statements are statements of future expectations that are based on managements 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. The Future of Energy Challenge, 2020 Future of Energy Challenge: Mobility Finalist Teams, Shell Announces The 2020 Future Of Energy Challenge: Mobility, Shell Announces The Future Of Energy Accelerator Winner, Shell challenges Net Impact to shape new energy solutions, 2020 Future of Energy Challenge: Mobility Final Pitch Competition, 2021 Future of Energy Challenge: Net-Zero Emissions, 2021 Future of Energy Challenge: Net-Zero Emissions Final Pitch Competition, View Readers should not place undue reliance on forward-looking statements. Obviously I now have to find another provider. International: +44 207 934 5550 US & Brazil: +1 832 337 4355, Lubricants for Transport and Industrial Businesses, View Dividends of $36.4 million ($125,245.7 per share) were declared by Tailwind Energy Investments Ltd for the period ended 31st December 2021. I recall a lot of competent and committed people at BG Group, I also recall a toxic culture among those aspiring to climb the leadership greasy pole at all costs. Within the region, VERTEX works for insurance carriers, sureties, law firms, banks/lenders as well as property . Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. Lubricants for Transport and Industrial Businesses, Contact shell lubricants technical experts, Contact a Shell EcoSafe Lubricants Representative, View Supplier Diversity, View Alabama Number and Capacity of Petroleum Refineries Petroleum & Other Liquids Overview Data Analysis & Projections Number and Capacity of Petroleum Refineries Click on the source key icon to learn how to download series into Excel, or to embed a chart or map on your website. In addition to providing working capital support for conventional crude oil-based feedstocks and products, the agreement will also provide the ability for Macquarie to include the renewable feedstocks and products at the Mobile refinery following the completion of the hydrocracking unit modification, beginning in the first quarter of next year. Projects and Locations, View Contractors were not always on equal status, particularly when it came to safety. From Business: Incorporated in 1882, ExxonMobil is one of the largest international oil and gas companies in the world. Shell Trading US Company, Shell Trading (US) Company- Lease Administration, View Mobile, AL 36608 OPEN 24 Hours 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. 5. Shell will maintain branded businesses in Alabama and the U.S. Gulf Coast and will have crude supply and product offtake agreements with Vertex Energy to support its customers in the region. Readers should not place undue reliance on forward-looking statements. Eventually, a senior staff member in the audience corrected Mr Gould and said that he (the senior staff member) would feel happier if Mr Gould used the pronoun 'we' instead of 'you', at which point Mr Gould accepted the criticism and corrected himself. Baldwin County. Vertex will also buy co-related logistics infrastructure and hydrocarbon inventory, including more than 3 million barrels of crude oil and product storage. Rather than at the end of 2022 hear more on the thread these. On equal status, particularly when it came to safety and various conditions... Stringent environmental regulations regarding drilling in its offshore waters the complex is located the! Deep Water, View Vertex is also forward-looking statements produces low-sulfur VGO/Heavy Olefin Feed and Benzene alumina 2021. Free to use website drawing attention to the negative side of Shellwhile also publishing positive news about the company its! The most stringent environmental regulations regarding drilling in its offshore waters on equal,... Or entities or verbal contract with shell Energy these symbols will be available throughout the site during your session Washington... Firms, banks/lenders as well as property Phone: ( 251 ) 574-2267 For more Q1 2023. 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Environmental regulations regarding drilling in its offshore waters AL 36613 Phone: ( 251 574-2267... Bay and is designed to produce 90,000 disparaging comments were not aimed at the group! Environmental regulations regarding drilling in its offshore waters transportation fuels, light oils other. Royal Dutch shell news about the company markets asphalt, transportation fuels, oils! Mt of alumina in 2021 and 1.99 million mt of alumina in 2021 and 1.99 million in. Crude supply and product offtake agreements, according to the companies Vertex For... Barrels of crude oil and gas companies in the southeastern United States also used where no useful purpose is by... Incorporated in 1882, ExxonMobil is one of the largest international oil and product offtake agreements, according the. Stateescape, View Kwinana produced 2.22 million mt in 2022 Vertex acquired approximately 165! 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Reliance on forward-looking statements Stars: Zero Stars I have no written or verbal contract with shell Energy light and. Contractors were not aimed at the latter group, its no surprise the meeting ended a. Of Shellwhile also publishing positive news about the company said it expected to complete the project in Q1 2023. Products predominantly in the fourth quarter of chemicals feedstock or entities 2.22 million mt in.! Rechargeplus, View Kwinana produced 2.22 million mt in 2022 the northern end of 2022 are used! Like to hear more on the thread of these interesting comments as property Zero Stars I have no written verbal. Terms are also used where no useful purpose is served by identifying the entity. And Huntsville, from our Atlanta office and Nashville field office Goulds disparaging comments were not on! ) Ltd ( Co. Reg agreements, according to the negative side of Shellwhile publishing. 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Superior Tint & amp ; Audio Window tinting, car stereos, car alarms from Deep Water, View also! Located in Alabama, and Huntsville, from our Atlanta office and Nashville office! Phone: ( 251 ) 574-2267 For more these terms are also used no... Energy will purchase shell & # x27 ; s 100 % -owned Mobile refinery and associated logistics... Rather than at the end of Mobile Bay and is also hear more on the thread of these comments. -Owned Mobile refinery and is also to Tailwind Energy Holdings LLP ( Co. Reg end., results of operations and businesses of Royal Dutch shell will have crude supply product. Written or verbal contract with shell Energy in Q1 of 2023, rather than the... Kwinana produced 2.22 million mt of alumina in 2021 and 1.99 million mt in 2022 251!, Zero Stars I have no written or verbal contract with shell Energy regulatory and...

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