Vertex Energy, Inc.
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- Vertex Energy, Inc. Vertex Energy, Inc. (VTNR) operates as an energy transition company focused on refining, recycling, and distributing conventional and renewable fuels; it specializes in processing used motor oil, industrial waste streams, and off-specification commercial chemicals into high-purity refined products including renewable diesel, gasoline, Group III base oils, ferrous and non-ferrous recyclable metals, and feedstock for re-refineries and industrial burners. The company conducts operations through divisions such as Black Oil for aggregation and initial processing, Refining and Marketing for petroleum product distribution via its Mobile, Alabama refinery (acquired from Shell in 2022 with a capacity of approximately 91,000 barrels per day and converted for renewable diesel production from feedstocks like animal fats and vegetable oils), and Thermal Chemical Extraction Process for advanced recycling; it also provides transportation, logistics, storage, delivery, and marine salvage services to industrial, commercial, and governmental customers primarily in the United States Gulf Coast region. Founded in 2001 and headquartered at 1331 Gemini Street, Suite 250, Houston, Texas, Vertex Energy targets energy, manufacturing, and transportation sectors with an emphasis on sustainability and operational excellence. In recent developments, the company filed for voluntary Chapter 11 reorganization on September 24, 2024, in the U.S. Bankruptcy Court for the Southern District of Texas to restructure amid operational challenges; it launched its Mobile refinery hydrocracker in conventional service in 2024 to optimize performance ahead of full renewable fuels scaling, following the 2023 sale of its Heartland used motor oil collection and recycling business to GFL Environmental Inc. for $90 million to streamline focus on higher-return refining assets; additionally, it faces a proposed consent decree requiring retirement of 18.7 million renewable identification number credits by March 31, 2025.
The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Vertex Energy, Inc. Common Stock - VTNRQ
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Vertex Energy, Inc. (VTNR) Q4 2023 Earnings Call Transcript
Vertex Energy Announces Fourth Quarter and Full Year 2023 Financial Results
Vertex Energy Announces Fourth Quarter 2023 Earnings Release and Conference Call Date
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