$Vertex Energy Inc.(VTNR)$ComputerComputer5 hours ago
50 incoming here’s why !
PRODUCT DISTRIBUTION: Vertex intends to enter into a multi-year product off-take agreement with Shell, while continuing to supply Bunker Holding ("Bunker One") under an existing 10-year agreement. Under the agreements, Shell and Bunker One will purchase 100% of the Mobile refinery's conventional fuels production. Concurrent with this arrangement, Vertex will enter into a separate, long-term agreement under which Idemitsu Apollo Corporation, a wholly-owned California-based subsidiary of Idemitsu Kosan, will purchase 100% of the Mobile refinery's renewable diesel fuel production. The sale of all conventional and unconventional fuels will be priced against spot market index prices.
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