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Vertex Energy, Inc. Announces Closing Of Phase 2 Of Tensile Capital Joint Venture; Co. To Receive $13.5M Cash Infusion From Tensile Capital

Pilot Test Validated Process That Creates High Purity Base Oil from Used Motor Oil Feedstock Parties have Closed Phase 2 of the Agreement; Vertex to Receive $13.5 million Cash Infusion From Tensile

Benzinga · 01/22/2020 12:04

Pilot Test Validated Process That Creates High Purity Base Oil from Used Motor Oil Feedstock

Parties have Closed Phase 2 of the Agreement; Vertex to Receive $13.5 million Cash Infusion From Tensile Capital

Heartland Development Project to Commence Immediately

HOUSTON, TX / ACCESSWIRE / January 22, 2020 / Vertex Energy, Inc. (NASDAQ:VTNR, &quot, , Vertex&quot, , or the &quot, , Company&quot, , )))), a leading specialty refiner and marketer of high-quality hydrocarbon products, today announced that it has successfully closed Phase 2 of its previously disclosed, planned joint venture partnership with San Francisco-based investment firm Tensile Capital Management LLC ("Tensile").