Tag: Limetree Bay Refinery

Government House Clarifies Who Owns Limetree Bay Refinery

CHRISTIANSTED — Government House issued the following statement clarifying the ownership of the Limetree Bay Refinery on St. Croix: “The Government of the Virgin Islands takes very seriously the stewardship of the Limetree Bay refinery. The sale of the refinery was conducted pursuant to the legal procedures and processes of the U.S. Bankruptcy Code. The […]

West Indies Petroleum Must Negotiate New Consent Decree With Feds To Operate Plant

CHRISTIANSTED — West Indies Petroleum will need to negotiate a new consent decree with the U.S. Department of Justice (DOJ) if it wants to own and operate the St. Croix refinery with a history of environmental problems, the DOJ said. The Limetree Bay refinery was sold in December 2021 for $62 million to West Indies […]

2 Women Ambushed On No Exit Road Near Limetree Bay Refinery; 1 Shot Dead; 1 Injured

CHRISTIANSTED — Two women were ambushed in a hail of bullets near the shuttered Limetree Bay refinery in St. Croix late Monday night. One woman was killed and another injured. The white Toyota Tacoma pickup truck the women were driving crashed as the injured driver tried frantically to escape off of the no exit Container […]

With St. Croix Refinery Auction Sale Closed, EPA Looks To Regulate Operations

CHRISTIANSTED — With the long-expected sale of the Limetree Bay refinery finally closed, many are looking ahead to what’s next, including the U.S. Environmental Protection Agency (EPA). On Tuesday, court documents were filed noting the closure of the bankruptcy sale — the deadline for which was extended to Monday to allow time for $62 million […]

Bankruptcy Judge Approves $62 Million Limetree Bay Sale To Jamaican Company

CHRISTIANSTED — A U.S. bankruptcy judge approved the $62 million sale of Limetree Bay refinery to a Jamaican oil storage company that intends to restart the refinery. Private equity investors had poured $4.1 billion into reviving the aging St. Croix facility, which was shut down by U.S. environmental regulators after a botched restart earlier this […]

Plans to Reopen Limetree Bay Refinery Have St. Croix Residents Concerned

Twice bankrupt, the oil refinery has a troubled environmental past and a shaky financial outlook, analysts say. Still, two bidders want to restart it. CHRISTIANSTED — An accident-prone oil refinery in the U.S. Virgin Islands with a history of serious environmental violations could soon reopen under new ownership, despite strong objections from nearby communities, a […]

Proposed Payday Loan Owners Plan To Scuttle Refinery Or Flip It For A Profit

CHRISTIANSTED — A bidder in the Limetree Bay refinery auction has asked a Texas bankruptcy court judge to delay tomorrow’s scheduled sale hearing, but a partner for winning bidder St. Croix Energy says he expects the sale to proceed. Christiansted attorney Yohana Manning, one of five founding partners in St. Croix Energy including Cane Bay […]

Failed Limetree Bay Refinery Bidder Calls Winning Bid ‘Disguised Liquidation’

CHRISTIANSTED — One of the bidders for the bankrupt Limetree Bay refinery objected to the winning bid in court this week, arguing the new company, which said it wants to restart the Caribbean facility, really wants to liquidate its assets. Bankrupt Limetree Bay officially named St. Croix Energy LLLC the winning bidder on Wednesday in […]

Limetree Refinery Closing To Cost USVI $1.8 Billion In Economic Activity, 800 Jobs

CHRISTIANSTED — The closure of the Limetree Bay refinery will cost the U.S. Virgin Islands nearly $2 billion in lost economic activity, $632 million in the USVI Gross Domestic Product, and 800 jobs, according to a report issued Tuesday by the Virgin Islands Bureau of Economic Research. The closure also would result in a $25 […]

St. Croix Refinery Bidders Face Hidden Environmental Costs – U.S. EPA letter

CHRISTIANSTED — Potential bidders for the bankrupt Limetree Bay refinery in the Virgin Islands may be on the hook for newly discovered groundwater contamination near the site and numerous other unspecified costs, according to a letter from environmental regulators reviewed by Reuters. Limetree is scheduled to be auctioned next month. The St. Croix facility reopened […]