Dept. The extensive repairs needed drove a more than $1 billion cost overrun and delayed first production to late summer, the people said. "We'll be starting up within the next few weeks," said Limetree Bay Ventures President Brian Lever, who declined to comment on the project's economics. To save articles or get newsletters, alerts or recommendations – all free. Get the latest news straight to your phone with the VI Consortium app. Guests are required to show a photo ID and credit card upon check-in. BP has begun crude deliveries to the plant, the people said. Certain services and amenities may be reduced or unavailable as a result. On November 21, 2019, the Coast Guard received a request to extend the regulated area of the security zone and update the facility name to Limetree Bay Terminals. The overhaul was originally expected to cost $1.4 billion. Are you missing any information about this area? By ERNICE GILBERT/ VI CONSORTIUM. Private equity firm Arclight Capital Partners, which acquired the site in 2016 and remains an investor, did not respond to requests for comment.

EIG this year took majority control of Limetree Bay Ventures, the parent of the refinery and terminal, a person familiar with the matter said. Designed to process up to 210,000 barrels per day of crude oil, the startup fell behind its late 2019 commencement date due to extensive metal corrosion and routine startup issues, he said. All Rights Reserved. Shuttered since 2012, the refinery is being revived just as the stubborn nature of Covid-19 shines a spotlight on the uncertain outlook for petroleum consumption.

The Virgin Islands Consortium was founded in 2014 by Ernice Gilbert and covers U.S. Virgin Islands and Caribbean news, politics, opinion, business, entertainment, culture and much more. The DPNR must accept revisions for the plant to begin operation, he said. Negotiations are continuing, confirmed Jean-Pierre Oriol, commissioner of the U.S. Virgin Islands Department of Planning and Natural Resources. Further, the re-opening of the refinery will have a substantial long-term impact on St. Croix. Formerly known as the Hovensa refinery, it will open into a weak refining market, with U.S. East Coast refining margins off 40% compared with a year earlier.

Investors led by investment fund manager EIG Global Energy Partners have poured hundreds of millions into the refinery and an adjacent storage terminal. Department of Health that a resident of the Limetree Bay Village (referred to as the man camp), tested positive for the virus. Property is on or next to a beach and has a private beach. Spa and gym facilities at this property are unavailable due to the coronavirus (COVID-19).

“The health and safety of our staff, as well as the community, remains a top priority for Limetree and we will continue to take the necessary steps to slow the spread of COVID- 19 within our facility and our community,” said Limetree Bay President and CEO Brian Lever.

Effectively Immediately Churches are Allowed to Seat 50 Percent of Capacity at a Maximum of 100 People; Same Order Takes…, BREAKING NEWS : Limetree Bay Ventures still must come to terms on revisions to a 2011 consent decree with pollution regulators and the U.S. Justice Department, Lever said. ... Limetree Bay COVID-19 Status. "We've managed through it extremely well," Lever said in a brief interview. "Limetree continuously educates employees and contractors on what to do in the event they suspect they have been exposed to COVID-19," the refinery said. COPYRIGHT © 2014-2019 VI Consortium. To date, Limetree has conducted more than 11,000 tests and reduced the positivity rate to less than 1%.

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