Vertex Energy successfully completes startup of Mobile renewable diesel conversion

In Texas, Vertex Energy announced the successful completion of the startup procedures for its renewable diesel conversion project at its Mobile, Alabama, refining facility. Additionally, the Company announced that it has entered into a new working capital facility with existing liquidity provider, Macquarie Group’s Commodities and Global Markets business, to supply the necessary liquidity for securing feedstock for renewable diesel production.
After a two-week period of downtime related to the previously disclosed repairs on the feedstock pumping system, repair and reinstallation operations have been successfully completed. Startup procedures were completed last week and the Company is pleased to report that the renewable diesel facility has achieved initial production as of May 27, 2023.