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
Could Concentrated Solar Power Be an Energy Storage Gamechanger?
2024-03-27 - Vast Energy CEO Craig Wood shares insight on concentrated solar power and its role in energy storage and green fuels.
RIC Energy Sells 20 MW of Solar Plants to Luminace
2024-03-04 - RIC Energy says the facilities are expected to provide 100% clean energy to more than 5,000 homes participating in the utilities’ community solar programs.
Avangrid Begins Construction on its First California Solar Farm
2024-04-10 - Avangrid’s Camino Solar project will generate 57 megawatts of power, the equivalent of the power needs of about 14,000 U.S. homes.
CERAWeek: NextEra CEO: Growing Power Demand Opportunity for Renewables
2024-03-19 - Natural gas still has a role to play, according to NextEra Energy CEO John Ketchum.
Dominion Energy Grows Virginia Solar Energy Portfolio
2024-04-02 - Dominion Energy will own or acquire four Virginia solar projects, which have a total capacity of 329 megawatts, the company says.