Page 12 - Equilon Enterprises News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Source: Shutterstock The refinery the company is purchasing from Royal Dutch Shell’s Equilon Enterprises subsidiary is located in Mobile, Ala. Vertex Energy will spend $75 million to acquire the refinery. The deal is set to close in the fourth quarter of 2021. With this acquisition, the location will become VTNR’s leading refinery. This will allow it to undergo an $85 million conversion by the end of 2022. That conversion is for the refinery’s hydrocracking unit. According to Vertex Energy, it expects the refinery to generate a minimum of $3 billion in sales per year. In addition to tha...

The divestment is part of Shell’s strategy to reduce its global refinery footprint to core sites integrated with the company’s trading hubs, chemicals plants and marketing businesses.

Vertex to acquire 100% of Mobile Chemical LP Refinery Transforms Vertex into a Leading Independent Refiner of Renewable and Conventional Products Multi-phase Renewable Diesel Project to Drive Superior

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Royal Dutch Shell's (NYSE: RDS.A) subsidiary, Equilon Enterprises LLC d/b/a Shell Oil Products U.S., has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington. Royal Dutch Shell’s (NYSE: RDS.A) subsidiary, Equilon Enterprises LLC d/b/a Shell Oil Products U.S., has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington. The refinery is being sold to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas, for $350 million in cash, plus the value of the hydrocarbon inventory. This inventory w...