ArcLight Capital Partners

SHUTDOWN LOOMING? BP May Cut Off Oil Supply To St. Croix’s Limetree Bay Refinery If It Stays Idle
CHRISTIANSTED — The problem-plagued Limetree Bay refinery in St. Croix may lose its main supplier of crude oil, British Petroleum (BP), if it isn’t successfully up and running by December, according to two people familiar with the matter. The South Shore refinery’s owner, Limetree Bay Ventures, has spent at least

ArcLight Capital Partners Plans on Making Big Money With St. Croix Refinery
CHRISTIANSTED — Owners of an idled oil refinery in St. Croix, that was once among the world’s largest, plan to invest $1.4 billion to refurbish and restart a portion of the plant, they said. ArcLight Capital Partners, a private equity firm expects the former HOVENSA refinery on St. Croix to

Gov. Mapp Announces ‘Landmark’ $1.4 Billion Deal to Restart Refinery in St. Croix
CHRISTIANSTED — Governor Kenneth Mapp announced Monday an agreement which would reopen one of the world’s largest refineries, create hundreds of jobs in the territory and shore up the solvency of the Government Employees Retirement System (GERS). Governor Mapp said the $1.4 billion agreement was between the Government of the

MAPP: ArcLight’s ‘Restart’ of St. Croix Refinery To Bring $600 Million Over 10 Years, 1200 New Jobs
FILE PHOTO: An abandoned truck is seen outside the installations of the Hovensa petroleum refinery in St Croix on June 28, 2017. REUTERS/Alvin Baez/File Photo CHRISTIANSTED — Owners of an idled oil refinery in St. Croix, that was once among the world’s largest, plan to invest $1.4 billion to refurbish and

Sinopec Plans Expansion of Limetree Bay Terminals In St. Croix As Part of President Trump’s Major Trade Deal With China
[ad name=”HTML-68″] CHRISTIANSTED — In his bi-nightly radio address (the last for two weeks) last night, Gov. Kenneth Mapp seemed to take great pleasure in announcing that the local media had missed a major news story involving President Donald Trump, China and the Limetree Bay Terminals in St. Croix. Mapp

Gasoline and Diesel Are The First Products Stored At Limetree Bay Terminals
CHRISTIANSTED — Limetree Bay Terminals, or LB Terminals, the new owner of the HOVENSA oil terminal on the South Shore of St. Croix, is now open for business, and it has received its first products in tanks recently, industry sources told the Oil Price Information Service (OPIS) this week. At

One Person Killed, Six Injured In Sinopec-Run Refinery Explosion In Africa
LIBREVILLE — One person was killed and six wounded in an explosion on March 12 at an oil site in southwest Gabon run by a subsidiary of Chinese energy giant Sinopec. Rescuers found the body of one worker at the site the following morning, while four people were admitted to

FAST TRACK: Limetree Bay Will Be Ready To Re-Open Oil Terminal In April!
Limetree Bay Boss: Jerry Ashcroft CHRISTIANSTED – Limetree Bay Terminals on St. Croix is poised to make a fast turnaround by April because its tanks have been “well-maintained” since it was closed in January 2012, the Virgin Islands Free Press has learned. Limetree Bay Terminals acquired the facility with

AN HISTORIC FIRST: Sinopec To Buy American Crude For St. Croix Port Terminal
BEIJING – China’s state-run oil refiner Sinopec Corp. has purchased its first ever batch of U.S. crude oil for export, a source told Reuters on Thursday, a landmark transaction after the ending of a four-decade ban on domestic exports. The cargo, due to be loaded from a Gulf Coast port

MAPP: Tax Refund Checks Could Be In The Mail This Week
$800M DEAL DONE: Gov. Kenneth Mapp CHARLOTTE AMALIE – Government House says that people can start looking forward to receiving their income tax refunds as early as this week as a result of the closing of the ratified operating agreement between the Virgin Islands government and Limetree Bay Terminals LLC.