Vertex Energy | Mobile Refinery Renewable Diesel Conversion

Overview

Status

Suspended

Region

North America

Geography

USA

State

Alabama

Equity Owner

Vertex Energy

Proponent

Vertex Energy

Output

Renewable diesel

Type of electricty

Capacity

Financing

Technology

Technical Advisors

Advisors

Project Contact

Vertex’s Chief Executive Officer, Benjamin P. Cowart

Lawyers

Project Cost

$115m conversion

Offtaker

Idemitsu Apollo Renewable Corp.

Commercial Operations Date

2023

Decommission Date

FID

May, 2022

Description

The conversion of Vertex Energy’s refinery in Mobile, Alabama, into a renewable diesel facility. In May 2024, Vertex announced it was reversing the facility’s conversion back to conventional fuels amid macroeconomic headwinds that led to weaker results for renewable diesel. In September 2024, Vertex filed for Chapter 11 protection.

The project had a $115m capex. It included converting a standalone unit within the refinery to facilitate the production of renewable diesel. It became operational in 2023.

The primary feedstock is soybean oil. The facility has been engineered to use other organic waste oils as well.

Vertex acquired the refinery from Shell in 2022.

September 30, 2024

Vertex Energy goes down in “perfect storm”

Vertex Energy filed for Chapter 11 protection last week, with its restructuring advisors citing a “perfect storm” impacting its short-term financial condition and precipitating the bankruptcy filing. The Alabama-based refiner,...

May 10, 2024

Vertex Energy staring down debt maturity amid renewable diesel pause

Vertex Energy will convert its Mobile refinery to produce conventional fuels amid macroeconomic headwinds that have led to weaker results for renewable diesel produced at the plant. “Due to the...

October 17, 2023

Vertex Energy appoints advisor for renewable fuels strategy

Vertex Energy, Inc., a specialty refiner and marketer of refined products, has named BofA Securities as strategic financial advisor to assist with its renewable fuels and sustainable products growth strategy....

May 1, 2023

Vertex Energy commissions Alabama renewable diesel facility

Vertex Energy, Inc., a specialty refiner and marketer of high-quality refined products, commissioned its first renewable diesel facility at the company's Mobile refinery and the first renewable diesel facility in...

February 3, 2023

Vertex Energy sells used motor oil refinery in pivot to energy transition

Vertex Energy, a specialty refiner and marketer of high-quality refined products, has sold its Heartland used motor oil collection and recycling business to a wholly owned subsidiary of GFL Environmental...