This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Vertex Energy Announces New Location In Mobile, AL

Vertex Energy, Inc. (OTCBB: VTNR), a leader in the aggregation, re-refining and processing of distressed petroleum streams such as used oil, transmix, fuel oils and off-specification commercial chemical products, today announced its expansion to aggregate and sell black oil from a new location in Mobile, AL. This location is anticipated to add approximately 20,000 barrels of oil per month to Vertex’s Black Oil Division.

Benjamin P. Cowart, CEO of Vertex, stated, “The addition of our new location in Mobile dramatically increases the aggregation footprint of our Black Oil division. We anticipate this new location will allow us to handle an incremental 20,000 barrels of black oil per month through our network. We now have logistical hubs in Mobile as well as in Seabrook and Baytown, TX, giving us excellent coverage throughout the Gulf Coast region. In the near term, this location will assist us in aggregating additional black oil for sale and for internal processing at our state–of-the-art Thermal-Chemical Extraction Process facility in Texas. As we continue to expand, Mobile will serve as a strategic long-term location for us because of its access to major metropolitan areas east of the Mississippi River. By having a logistics hub east of the Mississippi River we can more easily source black oil from these additional markets at a lower cost, allowing us to better serve our customers and suppliers in the eastern U.S. This location represents a first step towards our goal of expanding the company’s processing capacity outside of Texas while providing improved access to new markets for our finished products.”

Vertex Energy’s Black Oil Division operates as an outsourced feedstock manager for large consumers of used motor oil (or “black oil”) by finding the appropriate quantities of black oil at the best prices on a reliable basis and managing the logistics of having the necessary quality and quantity of black oil delivered to the customers’ facilities in a timely manner.

Stock quotes in this article: VTNR 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,507.49 -6.88 -0.04%
S&P 500 1,876.36 -3.19 -0.17%
NASDAQ 4,130.4270 -31.0310 -0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs