CHRISTIANSTED — An offer of $62 million won the shuttered Limetree Bay Refinery for Jamaica-based West Indies Petroleum (WIP) after a two days of escalating bidding that began Friday. The auction took place in U.S. Bankruptcy Court for the Southern District of Texas and was presided over by Judge David Jones. West Indies Petroleum, primarily […]
Tag: U.S. Bankruptcy Court for the Southern District of Texas
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 […]