Vertex Energy, Inc. Overview
Pro stress-test →Vertex Energy is an energy transition company focused on refining and distributing petroleum products comprising a mobile refinery, as well as selling ferrous and non-ferrous recyclable metal products and Group III base oils. Founded in 2001 and headquartered in Houston, Texas, the company operates a specialty refinery in Mobile, Alabama producing conventional and alternative fuels.
Strategic Profile
Pro stress-test →Vertex successfully completed its financial restructuring and emerged from Chapter 11 in January 2025 with a strengthened balance sheet following deleveraging of approximately $320 million of prepetition debt. The company now operates as a privately-held company owned by certain lenders including funds managed by BlackRock Financial Management and Highbridge Capital Management. New leadership includes a Board of five directors with significant industry experience, and Mark Smith as CEO with over 40 years in refining.
Competitive Landscape
Pro stress-test →Vertex's challenges are cited as a case study in difficulties facing the renewable diesel sector. The company competes in specialty refining and conventional fuel production against larger integrated refiners and independent refineries. Post-emergence, the company is focused on conventional fuel production optimization rather than renewable diesel to improve margins.
Industry Context
Vertex Energy, Inc. operates in Oil & Gas Refining & Marketing.
Key facts
Founded: 2001 · Headquarters: Houston, Texas · Employees: 481 · Revenue: $3.18B (2023)