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Vertex Energy | Mobile Refinery Renewable Diesel Conversion

USA
Suspended

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
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$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.

The project has a $115m capex. It includes 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.

 



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