Blue Dolphin Energy has purchased a 180 day option to acquire an idled refinery in Ingleside, TX. Lazarus Texas Refinery owns the idled facility.
The refinery was built in the late 70s and had capacity of 40,000 b/d. The facility sits on 100 acres of land and has a barge dock that provides direct access to Gulf Coast waterways. 210,000 barrels of storage is currently leased and 475,000 barrels of storage tanks are being refurbished. [Read more…]