HomeNewsSt. Croix Energy Wins Bid for Troubled Limetree Bay Refinery

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St. Croix Energy Wins Bid for Troubled Limetree Bay Refinery

12/5/2021

St. Croix Energy LLP announced that it won the recent auction for the shuttered Limetree Bay refinery in the U.S. Virgin Islands for a reported $20 million.  The company hopes to restart operations at the long-troubled refinery. The Limetree Bay refinery has a processing capacity of approximately 200,000 barrels per day but had been shut in for nearly a decade until it reopened earlier this year under a partnership of EIG and ArcLight Capital private equity firms. U.S. regulatory firms shut the project down after only a few months of production due to a host of environmental issues from the refinery. New owner St. Croix Energy LLP does plan to restart operations at the facility, but there i

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