Vertex Energy, Inc. Announces Better Than Expected Thermal-Chemical Extraction Process Production Volume for March 2010

* Reuters is not responsible for the content in this press release.

Tue Apr 6, 2010 2:44pm EDT

HOUSTON--(Business Wire)--
Vertex Energy, Inc. ("Vertex" or the "Company") (OTCBB:VTNR), a leader in the
aggregation, recycling and processing of distressed hydrocarbon streams, today
announced better than expected production volume from its licensed
Thermal-Chemical Extraction Process ("TCEP") for the month of March 2010. The
Company produced over 30,000 barrels of diesel replacement product for use in
ship fuel during the month of March 2010, versus a previously forecasted volume
of approximately 22,000 barrels as outlined in its Form 8-K filing filed with
the Securities and Exchange Commission on January 15, 2010. 

"We were very pleased with the production from our TCEP process in March of this
year," said Benjamin P. Cowart, Vertex`s Chief Executive Officer. "During the
first week of March we temporarily halted production to implement some process
improvements designed to increase throughput and enhance the efficiency of the
process. We were able to put these improvements into place quickly and saw the
benefits during the duration of the month as evidenced by exceeding our
forecasted production volume by over thirty percent." 

Vertex has been selling finished product from its licensed Thermal-Chemical
Extraction Process, a business initiative within the Refining & Marketing
Division since July of 2009. "It is my belief that our TCEP results for March
mark a significant turning point for the Company," said Mr. Cowart. "While we
still have additional improvements to make, we are very encouraged by these
results and believe that TCEP will be one of the key business areas that will
drive the growth of Vertex in the years to come," concluded Mr. Cowart. 

ABOUT VERTEX ENERGY, INC.

Vertex Energy, Inc. (OTCBB:VTNR) is a leader in the aggregation, recycling and
processing of distressed hydrocarbon streams thereby reducing the United States`
reliance on foreign crude oil. Vertex`s focus, as a participant in the
alternative energy and environmentally friendly investment sectors, is on
creating increased value in the products it manages and produces through a
variety of strategies and technologies that facilitate the re-refining of used
oil and off specification commercial chemical products into higher value
commodities. By creating higher value products from distressed hydrocarbon
streams, the Company is positioned to produce both financial and environmental
benefits. Vertex is based in Houston, Texas with offices in Georgia and
California. More information on the Company can be found at
www.vertexenergy.com. 

This press release may contain forward-looking statements, including information
about management`s view of Vertex`s future expectations, plans and prospects,
within the safe harbor provisions under The Private Securities Litigation Reform
Act of 1995 (the "Act"). In particular, when used in the preceding discussion,
the words "believes," "expects," "intends," "plans," "anticipates," or "may,"
and similar conditional expressions are intended to identify forward-looking
statements within the meaning of the Act, and are subject to the safe harbor
created by the Act. Any statements made in this news release other than those of
historical fact, about an action, event or development, are forward-looking
statements. These statements involve known and unknown risks, uncertainties and
other factors, which may cause the results of Vertex, its divisions and concepts
to be materially different than those expressed or implied in such statements.
These risk factors and others are included from time to time in documents Vertex
files with the Securities and Exchange Commission, including but not limited to,
its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors
also could have material adverse effects on Vertex`s future results. The
forward-looking statements included in this press release are made only as of
the date hereof. Vertex cannot guarantee future results, levels of activity,
performance or achievements. Accordingly, you should not place undue reliance on
these forward-looking statements. Finally, Vertex undertakes no obligation to
update these statements after the date of this release, except as required by
law, and also takes no obligation to update or correct information prepared by
third parties that are not paid for by Vertex.

Vertex Energy, Inc.
Matthew Lieb, 310-230-5450
matthewl@vertexenergy.com
Or
Gross Capital, Inc.
Barry Gross, 361-949-4999
vertex@grosscapital.com



Copyright Business Wire 2010

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.