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Source: Reuters
American Clean Energy Refining LLC (ACER), based in Baton Rouge, submitted two bids for the refinery, the first last December, Chief Executive George R. Dabbs told Reuters on Sunday. Neither was accepted, he said.
ACER offered $1.75 billion for the 211,146 barrel-per-day (bpd) Convent, Louisiana, refinery before it was permanently idled in December, Dabbs said. The company bid $1.25 billion after it was shut, he said.
While not directly addressing ACER’s bid, a Shell spokesman said the company has not made a final decision on the plant’s future.
“Despite an extensive marketing process, a viable buyer was not identified,” said Shell spokesman Curtis Smith. “Shell considers a wide range of qualifications and factors including a prospective buyer’s ability and experience to operate complex manufacturing assets safely,” Smith said.