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Vertex Energy Provides Update on Proposed Acquisition of the Mobile Refinery

Autor: Accesswire
22.09.2021, 22:00  |  254   |   |   

HOUSTON, TX / ACCESSWIRE / September 22, 2021 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update on the proposed …

HOUSTON, TX / ACCESSWIRE / September 22, 2021 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update on the proposed acquisition of the Mobile refinery ("Mobile") located in Mobile, Alabama from Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP ("Shell"), subsidiaries of Royal Dutch Shell plc.

The planned transition of commercial operations from Shell to Vertex remains on-schedule. The transaction is currently expected to close during the first quarter 2022, subject to regulatory clearance, financing, and various closing conditions.

ABOUT VERTEX ENERGY

Houston-based Vertex Energy, Inc. (NASDAQ: VTNR) is a specialty refiner of alternative feedstocks and marketer of high-quality refined products. Vertex is one of the largest processors of used motor oil in the U.S., with operations located in Houston and Port Arthur (TX), Marrero (LA) and Heartland (OH). Vertex also co-owns a facility, Myrtle Grove, located on a 41-acre industrial complex along the Gulf Coast in Belle Chasse, LA, with existing hydro-processing and plant infrastructure assets, that include nine million gallons of storage. The Company has built a reputation as a key supplier of Group II+ and Group III Base Oils to the lubricant manufacturing industry throughout North America.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed disposition, Vertex has filed with the SEC and mailed or otherwise provided to its shareholders a proxy statement regarding the proposed disposition and related transactions. BEFORE MAKING ANY VOTING DECISION, VERTEX'S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (AS MAY BE AMENDED OR SUPPLEMENTED) IN ITS ENTIRETY AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED DISPOSITION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED DISPOSITION AND THE PARTIES TO THE PROPOSED DISPOSITION. Investors and security holders may obtain copies of these documents free of charge through the website maintained by the SEC at www.sec.gov or from the Company at its website, www.vertexenergy.com. Documents filed with the SEC by the Company will be available free of charge on the "Investor Relations," "SEC Filings" page of our website at www.vertexenergy.com. or, alternatively, by directing a request by mail, email or telephone to Vertex Energy, Inc. at 1331 Gemini Street, Suite 250, Houston, Texas 77058; chrisc@VertexEnergy.com; or (866) 660-8156, respectively.

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Vertex Energy Provides Update on Proposed Acquisition of the Mobile Refinery HOUSTON, TX / ACCESSWIRE / September 22, 2021 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex Energy", "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update on the proposed …

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