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.
Recommended Reading
CGG, Baker Hughes Sign MOU for CCS Projects
2024-05-08 - The memorandum of understanding between CGG and Baker Hughes will bring the companies’ complimentary skillsets together to explore carbon capture and sequestration solutions.
TotalEnergies, Sinopec to Develop SAF Unit in China
2024-03-26 - TotalEnergies and Sinopec’s production unit will have the capacity to produce 230,000 tons of sustainable aviation fuel per year.
US Proposes Second GoM Wind Lease Auction
2024-03-20 - Combined, the four proposed areas for offshore wind have the potential to power about 1.2 million homes if developed, according to the Interior Department.
TotalEnergies, Vanguard Renewables Form RNG JV in US
2024-04-24 - Total Energies and Vanguard Renewable’s equally owned joint venture initially aims to advance 10 RNG projects into construction during the next 12 months.
NANO Nuclear Energy Closes $10.25MM IPO
2024-05-13 - NANO Nuclear began trading on the Nasdaq Capital Market under the symbol NNE on May 8.