• Ron Kotrba

Vertex Energy secures loan commitment for Mobile refinery acquisition


Vertex Energy stated Feb. 22 that its wholly owned subsidiary Vertex Refining Alabama LLC has entered into a commitment letter with a syndicate of lenders for a $125 million loan the company expects to use for acquisition of a petroleum refinery in Mobile, Alabama, which it plans to convert to renewable diesel production.


The loan is subject to Vertex closing on the purchase of the refinery in the first quarter of this year.


Earlier this month, Vertex Energy announced it has entered into a five-year offtake agreement with Idemitsu Apollo Renewable Corp. for all the renewable diesel to be produced at the planned, converted refinery.


Click here for more information on the loan.

0 comments
Frazier, Barnes & Associates LLC
Global Talent Solutions
PQ Corporation
Agriculture for Energy to Grow Hawaii's Economy
Inflectis Digital Marketing for UCO Collectors and Renderers
Clean Fuels Alliance America
Plasma Blue
WWS Trading
Sealless canned motor pump technology
Advanced Fuel Solutions
HERO BX: Fuel For Humanity
Imerys
Evonik biodiesel catalysts, biobased diesel
R.W. Heiden Associates LLC
Crown
Wolf Material Handling Systems
Haldor Topsoe
Desmet Ballestra
Advertise Today on biobased-diesel.com
Diesel Technology Forum
Clean Fuels Alliance America
RonKo Media Productions LLC
Advanced Biofuels USA
Advertise Today on biobased-diesel.com