The 91,000 barrel-per-day (bpd) Mobile refinery is a strategically located asset, one capable of sourcing a flexible mix of cost-advantaged light-sweet domestic and international feedstocks. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. As previously disclosed, we intend to complete the planned conversion of the Mobile refinerys hydrocracking unit by year-end 2022, positioning us to commence production of renewable diesel fuel at the site beginning in the first quarter 2023.. Royal Dutch Shell is selling its 90,000 barrel-per-day (bpd) Mobile, Alabama refinery to specialty refiner Vertex Energy for $75 million plus the cost of hydrocarbon inventory, the company said. Lubricants for Transport and Industrial Businesses, Contact shell lubricants technical experts, Contact a Shell EcoSafe Lubricants Representative, View The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, provided an update on the Company's Mobile, Alabama Refinery renewable diesel conversion project, including a strategic extension of the planned construction timeline. Date of experience: 10 September 2022, Zero Stars: Zero stars I have no written or verbal contract with shell energy . A further amount of USD $165 million was received for the value attributed to the hydrocarbon inventory at the time of closing. Wrath: In response to Bogus Group's enquiry. Subsidiaries, Shell subsidiaries and Shell companies as used in this press release refer to entities over which Shell plc either directly or indirectly has control. Shell Polymers, View This attitude should be dropped pronto! On May 26, 2021, Shell and Vertex Energy announced that they had signed a sales agreement for Vertex Energy to acquire Shell's Mobile Refinery in Alabama. The reference to Contractors being given 'equal' status to Employees refers to a speech given by Andrew Gould, then Executive Chairman of BG Group, at a Townhall meeting in the BG cafeteria in the Hutton Building, Thames Valley Business Park, in Q4 2014. Engine oil and lubricants, View Business Customers, View Tailwind Energy Investments Ltd is a wholly owned subsidiary of Tailwind Energy Holdings LLP itself a 51% subsidiary of Cavendish Energy Holdings Ltd (Co. Reg. Reported it never had any contact back or reason given. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Homewood, AL 35209 Vertex Energy will purchase Shell's 100%-owned Mobile refinery and associated co-located logistics . 06220464) representing a 100% interest in that entity. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. OC430905) for a consideration of 1 EBOOK TITLE: TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD AVAILABLE ON AMAZON. No. Mobile, AL 36606 (251) 434-1010; AL 36611. 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). It has the optionality to run as a stand-alone refinery, produce base oils or chemicals feedstock. Additional risk factors that may affect future results are contained in Shell plcs Form 20-F for the year ended December 31, 2020(available at www.shell.com/investor and www.sec.gov). In order to achieve this he said that BG Group Contractors would have 'equal' status to BG Group Employees i.e. The Future of Energy Challenge, 2020 Future of Energy Challenge: Mobility Finalist Teams, Shell Announces The 2020 Future Of Energy Challenge: Mobility, Shell Announces The Future Of Energy Accelerator Winner, Shell challenges Net Impact to shape new energy solutions, 2020 Future of Energy Challenge: Mobility Final Pitch Competition, 2021 Future of Energy Challenge: Net-Zero Emissions, 2021 Future of Energy Challenge: Net-Zero Emissions Final Pitch Competition, View : Technical safety across the board has suffered a similar mindset "as long as it doesn't blow-up on my watch, it's <>." Cision Distribution 888-776-0942 Earlier this week Shell agreed to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million. These terms are also used where no useful purpose is served by identifying the particular entity or entities. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations", respectively. This attitude should be dropped pronto! (A Freudian slip, perhaps, given his ambition for a knighthood?). I recall a lot of competent and committed people at BG Group, I also recall a toxic culture among those aspiring to climb the leadership greasy pole at all costs. They said a bill hadn't been sent because of billing issues. The Shell App, View Each forward-looking statement speaks only as of the date of this press release, May 26, 2021. All employees providing dedicated support to the Mobile Refinery will be offered employment with Vertex Energy. No.12776446) was incorporated with one ordinary share of 1 issued to Tailwind Energy Holdings LLP (Co. Reg. : Thanks to Wrath for the clarification. Readers should not place undue reliance on forward-looking statements. Vertex owns a refinery in Mobile (AL) with an operable refining capacity of 75,000 barrels per day and more than 3.2 million barrels of product storage, positioning it as a leading supplier of fuels in the region. If Mr Goulds disparaging comments were not aimed at the latter group, its no surprise the meeting ended on a low note. More. Vertex plans to produce petroleum fuel and renewable diesel at the refinery following the close of the transaction in the fourth quarter of 2021, pending approvals. Shell and Vertex will have crude supply and product offtake agreements, according to the companies. The agreement covers the sale of the Mobile refinery and associated co-located logistics infrastructure, including product racks, an associated dock, and the Blakeley Island Terminal. Energy and Innovation, View This transaction is expected to close in Q4 2021, subject to regulatory approvals. During that speech, Mr Gould also said that it was vital that BG Group meet their targets, especially first export of QC LNG coalbed methane to LNG, by year end. Vertex Energy (NASDAQ:VTNR) reported Tuesday that Q4 throughput volumes at its Mobile refinery in Alabama totaled ~77K bbl/day, exceeding prior guidance of 73K-75K bbl/day by 4% at the midpoint, which it said reflects "continued consistent, efficient operations" at the facility.. Q4 operating expenses are estimated at $3.75-$4.00/bbl, while the targeted capture rate on the benchmark Gulf Coast . Shell Pipeline, Shell Pipeline Supports National 811 Day And Safe Digging, View Here are the latest updates. Shell is shrinking its refining and chemicals portfolio as part of a broader shift by oil majors to reduce hydrocarbon emissions and shift to lower-carbon fuels. With the Mobile refinery scheduled to operate at about 90% of operable capacity through second- quarter 2022 given current market conditions, Vertex said its $90-100 million capital project to. These high-value Energy and Chemicals parks will produce more low-carbon fuels and specialty chemicals for our customers. Vertex Energy Inc. announced April 1 it has completed acquisition of the 91,000-barrel-per-day Mobile, Alabama, refinery and related marine terminal and logistics assets from Equilon Enterprises LLC, doing business as various Shell companies, for a base purchase price of $75 million in cash, together with approximately $25 million related to specified capital expenditures and other closing adjustments. Mobile, Alabama Area Worked a fast paced accounting desk,multiple phone lines ,assisting customers with billing refunds and problem solving questions for the benefit of the customer in mind . Cavendish Energy Holdings Ltd is also the ultimate parent company and ultimate controlling party which prepares consolidated financial statements. The divestment is part of Shells strategy to reduce its global refinery footprint to core sites integrated with the companys trading hubs, chemicals plants and marketing businesses. Energy and Innovation, View There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release , including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shells products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. Energy From Deep Water, About Shell Deep Water in the Gulf of Mexico, Shells Deep Water Portfolio in the Gulf of Mexico, Shells ambition to be a net-zero emissions energy business, View Keep up to date with developments at Shell via email alerts, Twitter or other social media. On the other hand, the Mobile refinery was a 100% owned by Shell. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. Lubricants for Transport and Industrial Businesses, View Sustainability News, A Journey of One Million Acres Begins with One Tree, Shell partners with REF to restore North Americas Amazon, Shell returns as lead sponsor for Houstons Green Office Challenge, Shells Lake Charles LNG team gets feet wet in Louisiana marshes, Partnering in Conservation for a Better Future, New Artificial Reefs to Attract Fish, Anglers and Divers, Shell volunteers and BTNEP work together on saving Marshes and Ridges, Helping Brook Trout get moving on upstream, Super Tree Planning and Planting for the next 100 years, NOAA, NFWF Announce Record $136 Million for Coastal Resilience, View Shell Trading US Company, View The transaction is expected to close in the fourth quarter of 2021, subject to regulatory clearance and various closing conditions. The current value of the hydrocarbon inventory would range from. Vertex Energy (Nasdaq: VTNR) is working through a roughly $100 million conversion project to begin producing renewable diesel from its refinery in Mobile, Alabama. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. In early May Shell announced the sale of its 149,000 barrel per day (bpd) refinery in Washington to Hollyfrontier Corp. (Reporting by Laura Sanicola; editing by Richard Pullin). Sustainability News, A Journey of One Million Acres Begins with One Tree, Shell partners with REF to restore North Americas Amazon, Shell returns as lead sponsor for Houstons Green Office Challenge, Shells Lake Charles LNG team gets feet wet in Louisiana marshes, Partnering in Conservation for a Better Future, New Artificial Reefs to Attract Fish, Anglers and Divers, Shell volunteers and BTNEP work together on saving Marshes and Ridges, Helping Brook Trout get moving on upstream, Super Tree Planning and Planting for the next 100 years, NOAA, NFWF Announce Record $136 Million for Coastal Resilience, View 123718128) It also provides the strategic ability to market products into the southern Alabama and Florida regions. Projects and Locations, Shell New Energies Junction City, Biomethane Facility, Shell Downstream Bovarius, Biomethane Facility (Wendell, Idaho), Carson Renewable Compressed Natural Gas Fueling Site (Carson, California), Shell Downstream Galloway, Biomethane Facility (Plains, Kansas), Shell Downstream Friesian Biomethane Facility (Wendell, Idaho), Where Shell operates in the United States, The transition of our business to net-zero emissions, Shell sells Alabama refinery to Vertex Energy, Shell speaks to Congress about energy and climate. In September, the company said it expected to complete the project in Q1 of 2023, rather than at the end of 2022. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Vertex plans to produce approximately 10,000 bpd of renewable diesel and renewable byproducts at the plant by the end of 2022, increasing to 14,000 bpd by 2023. Ways to save, View No. Eventually, a senior staff member in the audience corrected Mr Gould and said that he (the senior staff member) would feel happier if Mr Gould used the pronoun 'we' instead of 'you', at which point Mr Gould accepted the criticism and corrected himself. That's why it wasn't paid. No. We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. No assurance is provided that future dividend payments will match or exceed previous dividend payments. Shell Motorsport, View Copy and paste multiple symbols separated by spaces. Bogus Group: Thanks to Wrath for the clarification. Shell makes $70bn BG offer (oedigital.com) Ship & Bunker News Team To contact the editor responsible for this story email us at editor@shipandbunker.com Also in the News DFDS to Make Use of Shore Power Connection at Vlaardingen Entities over which Shell has significant influence but neither control nor joint control are referred to as associates. When typing in this field, a list of search results will appear and be automatically updated as you type. The company said it will spend $85 million to convert Mobile's hydrocracking unit. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. No assurance is provided that future dividend payments will match or exceed previous dividend payments. To help manage the inventory and working capital requirements of the transaction, Vertex secured a physical crude oil, feedstock and products supply and offtake agreement with Macquarie Commodities and Global Markets, concurrent with the closing of the transaction. Mobile, AL 201 Shell Street, Saraland, AL 36571, United. The hydrocarbon inventory will be valued at closing based on actual volumes and prevailing market prices. About Shell in the USA, View The Mobile refinery processes foreign and domestic crudes that are used for the . 06220464) representing a 100% interest in that entity. As part of the transaction, Vertex has acquired approximately 3.2 million barrels of product storage, inventory, logistics and distribution assets, more than 860 acres of developed and undeveloped land, together with the Blakeley Island Crude and Products Terminal. Energy From Deep Water, View The hydrocarbon inventory will be valued at closing based on actual volumes and prevailing market prices. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. Alabama Gold Refinery, LLC is an independent watch dealer and is not sponsored by, associated with and/or affiliated with Rolex, S.A. Alabama Gold Refinery, LLC only sells pre-owned Rolex watches and provides its own warranties on the watches it sells. Contractors were not always on equal status, particularly when it came to safety. Sustainability, View Vertex s Conservation, View Shell in the Community, View Through passion, persistence, and innovation, they are the ones who spark things into motion. We Pay Top Dollar for all Rolex Watches. StateEscape, View The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Sustainability News, View Do Not Sell My Personal Information (CA Residents Only). Likewise, the words "we", "us" and "our" are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. Vertex Refining Alabama LLC Mobile site is strategically located on the U.S. Gulf Coast. Vertex Energy is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and marketer of high purity petroleum products. Supplier Diversity, View The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. Shell RechargePlus, View 23rd December 2020 Tailwind Energy Investments Ltd issued 290 shares of 1 each to Tailwind Energy Holdings LLP in return for 290 shares of NSV Energy Ltd (Co. Reg.