Vertex Energy Inc.’s renewable diesel facility in Mobile, Alabama, achieved initial production on May 27 following two weeks of downtime for repairs on the feedstock pumping system, the company said in a May 31 press release.
“It is a great achievement to see our project transition from concept to production, and we couldn't have done it without the focus and coordination of everyone involved," James Rhame, COO of Vertex Energy, said.
In addition, the company announced a renewable supply and offtake agreement with liquidity provider Macquarie Group Ltd. to supply liquidity to secure feedstock inventory for renewable diesel production and to monetize renewable diesel and regulatory credits for the facility.
Vertex expects to begin the commercial sale of renewable diesel starting in June 2023.
Recommended Reading
Energy Transfer Asks FERC to Weigh in on Williams Gas Project
2024-04-08 - Energy Transfer's filing continues the dispute over Williams’ development of the Louisiana Energy Gateway.
US Appeals Court Upholds FERC Approvals for Gas Pipeline Expansion
2024-05-02 - A unanimous three-judge panel of the U.S. Circuit Court of Appeals for the D.C. Circuit held that the Federal Energy Regulatory Commission was right to determine the Evangeline Pass Expansion project is functionally separate from four related gas infrastructure developments.
FERC Approves ONEOK Pipeline Segment Connecting Permian to Mexico
2024-02-16 - ONEOK’s Saguaro Connector Pipeline will transport U.S. gas to Mexico Pacific’s Saguaro LNG project.
Post $7.1B Crestwood Deal, Energy Transfer ‘Ready to Roll’ on M&A—CEO
2024-02-15 - Energy Transfer co-CEO Tom Long said the company is continuing to evaluate deal opportunities following the acquisitions of Lotus and Crestwood Equity Partners in 2023.
Williams CEO: Louisiana Energy Gateway Start Temporarily in Limbo
2024-03-21 - Williams CEO Alan Armstrong said the project still moving forward after hitting a snag in a dispute with Energy Transfer but lacks a definitive start date.