Vertex Energy will purchase Shell's 100%-owned Mobile refinery and associated co-located logistics . These are the people that set targets, but if they cant perceive how to deliver, someone (not them) has to be held to account. 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 . The company said it will spend $85 million to convert Mobile's hydrocracking unit. Shell Pipeline, View Mobile County. It must have been left behind in TVP in preference for back-end loading. 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. Supplier Diversity, View Engine oil and lubricants, View 23rd December 2020 Tailwind Energy Investments Ltd issued 290 shares of 1 each to Tailwind Energy Holdings LLP in return for 290 shares of NSV Energy Ltd (Co. Reg. About Shell in the USA, View It has a capacity of 90,000 barrels per day of crude oil and other subproducts. Shell is one of Americas leading energy companies with interests in 50 states employing more than 12,000 people. Additional risk factors that may affect future results are contained in Shell plcs Form 20-F for the year ended December 31, 2020(available at www.shell.com/investor and www.sec.gov). This transaction is expected to close in Q4 2021, subject to regulatory approvals. There are a number of factors that could affect the future operations of 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 Shells 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, judicial, 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. The nearest Mobile County RV campground is River Delta Marina and Campground, 2350 Dead Lake Road, Creola, AL 36525; reservations may be made by calling 251-574-2266. Vertex plans to produce petroleum fuel and renewable diesel at the refinery following the close of the transaction in the fourth quarter of . No. Projects and Locations, View Shell Trading US Company, Shell Trading (US) Company- Lease Administration, View 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. Shell and Vertex will have crude supply and product offtake agreements, according to the companies. These terms are also used where no useful purpose is served by identifying the particular entity or entities. 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. The current value of the hydrocarbon inventory would range from. The consideration for this transaction is $75 million in cash plus the value of the hydrocarbon inventory. : 29th July 2020 Tailwind Energy Investments Ltd (Co. Reg. Vertex Energy completes acquisition of Mobile, Alabama, refinery. 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. StateEscape, View Energy From Deep Water, View Mercuria Holdings (UK) Ltd (Co. Reg. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. $5.00. 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. 3208 Moffett Rd. Oil and gas are found in many counties as well as in Mobile Bay. Hunt Consolidated, Inc. is the flagship entity of the entire Hunt family of companies, a privately owned group of entities based in Dallas, Texas. Ways to save, View 2023 RonKo Media Productions LLC. Conservation, View Media Americas:+1 832 337 4355 Media International:+44 207 934 5550. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as joint ventures and joint operations,respectively. Jame Rhame, chief operating officer of Vertex Energy, said the company is in emergency operations center mode "with all hands on-deck." but noted things were "so far so good" at the Mobile, Alabama, refinery it bought from Shell, which processing both petroleum and renewable feed. 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.). Diversity Advocacy, View the new emperors have no clothes! The reference to Contractors being given 'equal' status to Employees refers to a speech given by Andrew Gould, then Executive Chairman of BG Group, at a Townhall meeting in the BG cafeteria in the Hutton Building, Thames Valley Business Park, in Q4 2014. 3 hurt in fire at Texas oil refinery. 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 Cavendish Energy Holdings Ltd is also the ultimate parent company and ultimate controlling party which prepares consolidated financial statements. StateEscape, View The Mobile refinery processes foreign and domestic crudes that are used for the . : Internet down 3 times for a day at a time. The facility sits on 57 acres located on the east bank of the Mobile River, with easy access to the Gulf of Mexico. 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. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These symbols will be available throughout the site during your session. On 1st November 2021, Tailwind Energy Investments Ltd declared a dividend of $36.4 million. Astudley: Internet down 3 times for a day at a time. The acquisition of the Mobile refinery represents a transformative moment in the history of Vertex, one that positions us to become a leading regional supplier of both renewable and conventional products, said Benjamin P. Cowart, Vertex president and CEO. in response to Wrath: Technical safety across the board has suffered a similar mindset "as long as it doesn't blow-up on my watch, it's <>." Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. Projects and Locations, View Dutch court orders Shell to deepen carbon cuts in landmark ruling, Oil Giants Are Dealt Major Defeats on Climate-Change as Pressures Intensify, https://www.hydrogeninsight.com/transport/exclusive-shell-has-quietly-closed-down-all-its-hydrogen-filling-stations-in-the-uk/2-1-1335049, Zero stars I have no written or verbal contract with shell, https://www.youtube.com/watch?v=aYusVi-qVRk&t=4s, https://www.youtube.com/watch?v=mquop7Dyveg, https://www.youtube.com/watch?v=MiY47c-L2dM, https://www.youtube.com/watch?v=79vYy6ky22E, https://www.youtube.com/watch?v=YavWGmdNido, https://www.youtube.com/watch?v=L3Mz9k5wIvc&frags=pl%2Cwn, https://www.youtube.com/watch?v=P2Ej9IdBF1U, https://www.youtube.com/watch?v=cVR5MFvzX68&frags=pl%2Cwn, https://www.youtube.com/watch?v=F6Z-tCdhkFs, https://www.youtube.com/watch?v=Ywb_jvgmQl0, https://www.youtube.com/watch?v=afL0N191IFI, https://www.youtube.com/watch?v=W0YF7WvR9n8, https://www.youtube.com/watch?v=RrayNVkmYa4&frags=pl%2Cwn, https://www.youtube.com/watch?v=SFsLYEANk9M, https://www.youtube.com/watch?v=Kszu8ctDaV0, https://www.youtube.com/watch?v=OB06C9mRHTA, https://www.youtube.com/watch?v=gTxNUFy50pg&t=9s, It can be found here on WIKIMEDIA COMMONS, Australian National Offshore Petroleum and Environmental Management Authority, Pennsylvania Shell ethylene cracker plant, The hydrocarbon inventory will be valued at closing based on actual volumes and prevailing market prices. 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 Motorsport, View Regular. 'all hands to the pumps'. In conjunction with transaction financing, Vertex closed on a previously announced $125 million senior secured term loan with a syndicate of lenders. Useless company out at end of contract. Here are the latest updates. The 22nd China International Lubricants and Technology Exhibition China International Metalworking Fluids and Surface Cleaning Technology Exhibition Engine oil and lubricants, Shell Coolants Limited Liability Warranty, View 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Shell Fleet Solutions, View These high-value Energy and Chemicals parks will produce more low-carbon fuels and specialty chemicals for our customers. 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. It produces. Shell. 760 Aldock Road Eight Mile, AL 36613 Phone: (251) 574-2267 For More. Shell Fuels, View Wrath: In response to Bogus Group's enquiry. Simply beyond what I can imagine. 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 By Kaitlin Johnson and Gray News staff. During that speech, Mr Gould also said that it was vital that BG Group meet their targets, especially first export of QC LNG coalbed methane to LNG, by year end. Lubricants for Transport and Industrial Businesses, Contact shell lubricants technical experts, Contact a Shell EcoSafe Lubricants Representative, View 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. Contractors were not always on equal status, particularly when it came to safety. 55, 56, 57 Alabama receives additional refined products from Texas and Louisiana via two major interstate pipelinesthe Colonial Pipeline and the PPL Pipeline. 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. The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. Founded in 1989, we are the oldest company of our kind on the Gulf, From Business: Davison Fuels & Oil Inc is a locally owned and operated wholesale petroleum products distribution company who doesn't measure success by what we have, 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., From Business: McKinney Petroleum Equipment specializes in sales and service of petroleum, commercial and industrial equipment and systems. HOUSTON, May 26, 2021 /PRNewswire/ --Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Companyand 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). Day of crude oil and gas are found in many counties as well as in Mobile Bay crudes are. 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