Vertex Energy, Inc. Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 28, 2024 at 06:02 am EST
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Vertex Energy, Inc. reported production results for the fourth quarter and full year ended December 31, 2023. For the quarter, the company reported Conventional Fuels Refinery Total Throughput of 67,083 bpd. Total Throughput was 6.17 MMbbl. Total Finished Fuel Products Production was 45,273. Total Production was 68,730 bpd. Total Production was 6.32 MMbbl. Renewable Fuels Refinery Total Renewable Throughput was 3,926 bpd. Total Renewable Throughput was 0.36 MMbbl. Renewable Diesel Production was 3,786 bpd. Renewable Diesel Production was 0.35 MMbbl.
For the full year, the company reported Conventional Fuels Refinery Total Throughput of 73,734 bpd. Total Throughput was 26.91 MMbbl. Total Finished Fuel Products Production was 46,773. Total Production was 73,745 bpd. Total Production was 26.92 MMbbl. Renewable Fuels Refinery Total Renewable Throughput was 3,943 bpd. Total Renewable Throughput was 1.08 MMbbl. Renewable Diesel Production was 3,762 bpd. Renewable Diesel Production was 1.03 MMbbl.
Vertex Energy Inc. is an energy transition company that specializes in producing both renewable and conventional fuels. The Company is engaged in operations across the petroleum value chain, including refining, collection, aggregation, transportation, storage and sales of aggregated feedstock and refined products to end-users. Its segments include Refining and Marketing and Black Oil and Recovery. The Refining and Marketing segment is engaged in the refining and distribution of petroleum products and includes the Mobile Refinery and related operations. In addition, it aggregates a diverse mix of feedstocks petroleum distillates, transmix and other off-specification chemical products. The Black Oil business is engaged in operations across the entire used motor oil recycling value chain including collection, aggregation, transportation, storage, refinement, and sales of aggregated feedstock and re-refined products to end users. It owns a fleet of 68 collection vehicles.
VERTEX ENERGY, INC. 
