Vertex Energy completes first commercial sales of renewable diesel

Vertex Energy, Inc. has completed its first series of commercial sales transactions of renewable diesel from its recently completed renewable diesel production facility at its refinery located in Mobile, Alabama, U.S.A.

 The initial sales totaled approximately 110,000 barrels of renewable diesel to Idemitsu Apollo Renewable Corporation, a wholly-owned California-based subsidiary of Japanese oil company Idemitsu Kosan.

Vertex Energy also announced expected increases in renewable diesel production volumes to remain on schedule as planned, at a current rate of approximately 7,700 barrels per day (bpd). The company maintains plans to continue increasing production levels towards its previously stated target of approximately 8,000 bpd by the end of the second quarter of 2023.

“We are pleased to report the initial sales of renewable diesel out of our Mobile Refinery. Our team has demonstrated dedication and excellence in getting us to this point, and this series of transactions is a testament to their ability to execute end-to-end on putting an entirely new, low-carbon product stream, into the market,” said James Rhame, chief operations officer of Vertex.

“Operationally, the renewable diesel plant continues to run well, and our team continues to safely and reliably deliver on incremental production targets as planned. We are proud of our team, and we are honored to have Idemitsu as an offtake partner in this process, as we work together toward a sustainable future.”