$3.00. Shell will maintain branded businesses in Alabama and the U.S. Gulf Coast and will have crude supply and product offtake agreements with Vertex Energy to support its customers in the region. Wrath: In response to Bogus Group's enquiry. Shell Fleet Solutions, View John Donovan, the website owner, 2023 Royal Dutch Shell Plc .com | Powered by WordPress. Vertex Energy (Nasdaq: VTNR) is working through a roughly $100 million conversion project to begin producing renewable diesel from its refinery in Mobile, Alabama. Silver Bullion as low as $2.50 Over Spot! Here are the latest updates. Companies House Records show that Tailwind Energy Holdings LLP is the 'Designated Member' and only 'Designated Member' for each of the above three companies. Mon-Fri: 10:00-4:30 By Appt. The areas of activity of the different Hunt companies include oil and gas exploration and production, refining, LNG, power, real estate, investments, ranching and infrastructure. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. This press release contains forward-looking statements (within the meaning of the U.S. HOUSTON, May 26, 2021 /PRNewswire/ -- Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP, subsidiaries of Royal Dutch Shell plc , have. . All employees providing dedicated support to the Mobile Refinery will be offered employment with Vertex Energy. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. These symbols will be available throughout the site during your session. Energy From Deep Water, View The Shell App, View Supplier Diversity, View This isn't just a phone for people of that age its and essential lifeline. Bogus Group: Would like to hear more on the thread of these interesting comments. (A Freudian slip, perhaps, given his ambition for a knighthood?). It produces. The inventory is currently valued between $65 and $85 million, Shell said. Vertex Energy completes acquisition of Mobile, Alabama, refinery. May 26 (Reuters) - Royal Dutch Shell RDSa.L 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. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. These high-value Energy and Chemicals parks will produce more low-carbon fuels and specialty chemicals for our customers. At closing, Vertex acquired approximately $165 million in hydrocarbon inventory from Shell that was financed through an intermediation agreement arranged by Vertex. Wrath: Subsurface Technical Staff at Shell who previously worked for BG Group would be well advised to remember that reserves should not be booked on subjective technical workflows and furthermore that both the technical workflows used in calculating reserves and their results should be reproducible by the Auditors. Ways to save, View Vertex will also buy co-related logistics infrastructure and hydrocarbon inventory, including more than 3 million barrels of crude oil and product storage. Create your Watchlist to save your favorite quotes on Nasdaq.com. Rolex Datejust, Rolex Day Date President, Submariner, Presidential, Explorer, Sea Dweller . Copy and paste multiple symbols separated by spaces. Shell is grateful to the Mobile community for the collaboration and support over the past two decades. Supporting Education, View 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. The refineries are Mobile located in Alabama, and Puget Sound near Anacortes, Washington, US. Mobile, AL 201 Shell Street, Saraland, AL 36571, United. Where did the $36.4 million dividend go? 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. Shell Polymers, View Diversity Advocacy, View 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.. Mobile, AL 36606 (251) 434-1010; Public File. No. This is not a Shell website. Engine oil and lubricants, Shell Coolants Limited Liability Warranty, View All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Projects and Locations, View Energize Your Future with Shell, Preparing Todays Students For Tomorrows Workforce, Shell LiveWIRE Louisiana Accelerator Program, NFWF Announces $2.9 Million in Grants from the Monarch Butterfly and Pollinators Conservation Fund, View StateEscape, View ANON: RE: Nigerian oil export terminal had theft line into sea for 9 years It employs 700 Shell workers and 400 contract workers. The companies in which Shell plc directly and indirectly owns investments are separate legal entities. HOUSTON, May 26, 2021 /PRNewswire/ --Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Companyand 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). Biodiesel, Renewable Diesel, SAF, Marine Biofuel. More. 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. 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 Shell's 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. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". 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. Hunt Consolidated, Inc. is the flagship entity of the entire Hunt family of companies, a privately owned group of entities based in Dallas, Texas. These are the people that set targets, but if they cant perceive how to deliver, someone (not them) has to be held to account. A further amount of USD $165 million was . Diesel. Shell Pipeline, View Diversity Advocacy, Shell Contributes $5 Million for New Urban League HQ, View On 1st November 2021, Tailwind Energy Investments Ltd declared a dividend of $36.4 million. It must have been left behind in TVP in preference for back-end loading. Energy and Innovation, View Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. 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. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Ways to Pay, Shell | Fuel Rewards Credit Card Navigation, View : Technical safety across the board has suffered a similar mindset "as long as it doesn't blow-up on my watch, it's <>." Do Not Sell My Personal Information (CA Residents Only). 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. Companies House records show for Tailwind Energy Holdings LLP under 'People' the following: 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. At that Townhall meeting Mr Gould, during his speech to the assembled staff, made many references to 'you' (meaning BG Group Staff) failing to meet targets. We Pay Top Dollar for all Rolex Watches. Shell Trading US Company, View About Shell in the USA, View Diversity Advocacy, Shell Contributes $5 Million for New Urban League HQ, View Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. means that certain refinery and related assets in Mobile, Alabama to be purchased pursuant to the Mobile Refinery Acquisition Agreement. Vertex is also one of the largest processors of used motor oil in the U.S., with operations located in Houston and Port Arthur (TX), Marrero (LA) and Columbus (OH). Our shellenergy.websiterepublishes Shell Energy customercomplaints posted on Trustpilot where there is an ample supply. Benjamin P. Cowart, Chief Executive Officer and Chairman of the Board at Vertex Energy, talks with BIC about Vertex Energy purchasing Shell's Mobile, Alabama. 123718128) The consideration for this transaction is $75 million in cash plus the value of the hydrocarbon inventory. 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. It has the optionality to run as a stand-alone refinery, produce base oils or chemicals feedstock. : Internet down 3 times for a day at a time. The refinery is one the largest employers and single largest taxpayer. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. 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