Limetree Bay Refining in St. Croix, U.S. Virgin Islands, has successfully resumed operations.
Limetree Bay Refining in St. Croix, U.S. Virgin Islands (USVI), has successfully resumed operations and begun production and commercial sales of refined products, Limetree Bay Ventures, LLC reported Monday.
As Bloomberg reported last fall, the former Hovensa refinery – previously owned by Hess Corp. (NYSE: HES) and Petroleos de Venezuela SA (PDVSA) – had been shuttered since 2012. The Limetree Bay complex comprises the refinery, which can process more than 200,000 barrels per day (bpd) of crude, as well as a 34-million-barrel crude and petroleum products storage and marine terminal facility, stated Limetree Bay Ventures, a portfolio company of institutional investor EIG Global Energy Partners.