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Vertex Energy to acquire Mobile, Ala. refinery from Shell and initiate biofuels conversion project By Mary Page Bailey | June 3, 2021 Vertex Energy, Inc. (Houston), a leading specialty refiner and marketer of high-quality refined products, announced that it has entered into a definitive agreement to acquire 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, for $75 million. The transaction is expected to close during the fourth qua...

Shell Sells Alabama Refinery To Vertex Energy Houston, TX /PRNewswire/ - Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and 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). Vertex Energy is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and marketer of high purity petroleum products. The divestment is part of Shell's strategy to reduce its global refinery footprint to core sites integrated with ...

Vertex Energy Inc. shares rose 95% to a new 52-week high after an H.C. Wainwright analyst raised the price target on the firm from $4.00 to $25.00 per share following the announcement that Vertex agreed to buy the Mobile refinery assets from Royal Dutch Shell for $75 million.

Royal Dutch Shell has agreed to offload its Mobile refinery in Alabama, US to specialty refiner Vertex Energy.