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 […]
Tag: St. Croix Energy
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 […]