Shell completes $75 million sale of Mobile refinery

Vertex Energy takes ownership of plant, dock & terminal

Shell’s Perdido Platform in the Gulf of Mexico. Shell Oil Products has completed the $75 million sale of its Chemical LP Refinery in Mobile to Houston-based Vertex Energy. The deal also includes $25 million in capital expenditures and about $165 million for hydrocarbon inventory. The purchase agreement for the 91,000-barrel-per-day refinery…

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