Shell Oil sells Ala. refinery to Vertex for $75M

摘要

Shell Oil Co. said yesterday it will sell an Alabama refinery designed to produce 90,000 barrels of crude oil andother products daily to Texas-based Vertex Energy Inc. for $75 million.Shell said the cash deal was part of its plan to shed refineries that aren't aligned with trading hubs, chemicalplants and marketing businesses."The sale of the Mobile refinery shows that we are making good progress delivering on our manufacturingstrategy," Robin Mooldijk, an executive vice president for manufacturing, said in a statement. "We're becomingbetter positioned to deliver resilient returns and meet the increasingly diverse needs of our customers."