Vertex Energy Inc.’s renewable diesel facility in Mobile, Alabama, achieved initial production on May 27 following two weeks of downtime for repairs on the feedstock pumping system, the company said in a May 31 press release.
“It is a great achievement to see our project transition from concept to production, and we couldn't have done it without the focus and coordination of everyone involved," James Rhame, COO of Vertex Energy, said.
In addition, the company announced a renewable supply and offtake agreement with liquidity provider Macquarie Group Ltd. to supply liquidity to secure feedstock inventory for renewable diesel production and to monetize renewable diesel and regulatory credits for the facility.
Vertex expects to begin the commercial sale of renewable diesel starting in June 2023.
2023-09-20 - Former Commerce Secretary and oil and gas legend Don Evans said the Permian Basin's talent needs are symptomatic of students not being exposed math, science and the excitement of making energy.
2023-09-05 - In this Hart Energy LIVE Exclusive, Hart Energy’s Editorial Director Jordan Blum is at the Carbon & ESG Strategies Conference with Robby Rockey, the president and co-CEO of Frontier Carbon Solutions, a carbon storage developer building the sequestration infrastructure needed to support carbon capture in the U.S. Mountain West's hydrocarbon economies.
2023-09-05 - CEO Bill Way has shifted Southwestern Energy’s course from Fayetteville founder to dual-basin natural gas powerhouse. Now the LNG sector’s top supplier aims to establish itself as the leading natural gas company in the U.S. with decades of inventory in the Haynesville Shale and Appalachian Basin.
2023-07-10 - In this episode of The Pulse with Hart Energy LIVE, Senior Technology Editor Jennifer Pallanich was at OTC, asking people their thoughts on the progress the energy sector has made on ESG initiatives.
2023-07-19 - In this episode of The Pulse with Hart Energy LIVE, executive producer Jordan Soto speaks with people at the Hydrogen Technology Conference about whether the energy transition is moving quickly enough, or if it needs to pick up the pace.