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 […]
Tag: West Indies Petroleum Limited (WIPL)
Governor Says Online St. Croix Refinery Could Be Key To Relieving National Gas Price Crisis
CHARLOTTE AMALIE — Governor Albert Bryan issued the following statement about the potential for the St. Croix refinery to assist the United States in its national gas price relief efforts: “The United States faces unprecedented challenges on the energy front. Supply chain issues associated with the pandemic, the Russian invasion of Ukraine, and general inflationary […]
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 […]
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 […]
WIPL Wants To Increase Limetree’s Throughput, Decrease USVI Energy Costs
CHRISTIANSTED — After recently winning the auction for the Limetree Bay refinery, West Indies Petroleum Limited (WIPL) says it will successfully close the sale and pursue “strategic investments” in the plant. The auction, won by the Jamaican oil storage company with a bid of $62 million, took place in the U.S. […]