Vertex Energy, Inc: With IMO-2020 Around The Corner, It’s Time To Revisit This Refiner

Vertex Energy (NASDAQ: VTNR) has three business divisions, including Black Oil, Refining and Marketing, and Recovery Technologies. The company went public in 2009 through a merger with World Waster Technologies. In 2014, VTNR bought several key assets from Omega Holdings, including the Marrero, LA-based Vacuum Gas Oil (VGO) re-refinery; the Belle Chase, LA facility; and the Golden States Lubricants blending facility in Bakersfield, CA. Later that year, the company also acquired Heartland Group Holdings which was primarily a used oil collections company with a re-refiner based out of Columbus, OH. Finally, in 2015, VTNR signed a lease agreement for a Churchill County, NV oil re-refiner.

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