Vertex Energy up on first commercial sales of renewable diesel

Vertex Energy

26/06/2023 13:01

** Shares of refiner Vertex Energy  VTNR.O  up 2.9% at $5.69
premarket
    ** Co says completed first series of commercial sales
transactions of renewable diesel (RD) from its recently
completed RD production facility at its Mobile, Alabama refinery
    ** Says initial sales totaled about 110,000 barrels of RD to
Idemitsu Apollo Renewable Corporation
    ** VTNR expects increase in RD production volumes to remain
on schedule as planned, at a current rate of approximately 7,700
barrels per day (bpd)
    ** Says it plans to continue increasing RD production levels
towards its previously stated target of approximately 8,000 bpd
by the end of Q2
    ** Up to last close, shares have fallen 10.8% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))