Limetree Bay Terminals continues to be led by Darius Sweet, who serves as Chief Executive Officer. What Difference Does It Make? You've Got Your Troubles - Is the Northeast Gas Market Headed for a Fall Meltdown? Phase two, EXCEL/SUN developed the repair execution strategy and performed the construction work needed to recondition these tanks. Limetree Bay Refining will be capable of processing around 200 thousand barrels per day. The types of repairs performed on the tanks consisted the following: EXCEL/SUN repaired and turned over 21 storage tanks totaling over 8.7 million barrels of storage capacity back to operations. Under the contemplated terms, the oil company would enter into a tolling agreement and serve as the Refinery's supply and offtake counterparty. He is said to have deep operational experience with over 40 years in refining, serving as vice president of Salt Lake City Refining for Andeavor immediately prior to joining Limetree. The scope of services for EXCEL/SUN was broken into two phases. Copyright © Limetree Bay Ventures LLC 2018-2020. The refinery could begin production as early as next year, said U.S. Virgin Islands Senator Nereida Rivera-O’Reilly, who called the prospect “welcome news” for an island still recovering from two hurricanes last year. Limetree Bay Terminals, LLC (“Limetree Bay Terminals”), which is an affiliate of Limetree Bay Refining, purchased the Refinery and associated terminal assets out of bankruptcy in 2016. Making Connections Across Energy Markets! Mr. Weldzius joined Limetree Bay as senior vice president of refining in January. HOUSTON (Reuters) - The owners of a long-closed oil refinery on St. Croix will disclose on Monday an agreement with the Caribbean island’s governor to restart the plant and begin producing fuels late next year, according to people familiar with the talks. Learn more about our competitive wage and benefits package and our safety-oriented, professional work environment. Limetree Bay Refining and Limetree Bay Terminals continue to make significant investments to revitalize the St. Croix facility as an environmentally-compliant, multi-purpose energy center that will conduct large-scale refining operations and provide third-party storage services for crude oil and refined petroleum products. Limetree Bay Refining anticipates completion of the restart by late 2019. Shortly after acquiring the idled Refinery, which has a peak processing capacity of 650,000 barrels per day, Limetree Bay Refining began exploring opportunities for a restart. St. Croix, U.S. Virgin Islands (July 9, 2020) – On Thursday, officials from Limetree Bay Terminals, LLC and Limetree Bay Refining, LLC (Limetree Bay) announced an increase in COVID-19 positive cases at the facility. It has already created 1,100 construction jobs, and once the refinery reopens it will generate upwards of 700 permanent jobs. Each tank presented a different set of challenges related to their required and recommended repairs. 2020 has been a chaotic year for energy markets. My team and I look forward to further advancing the refinery restart and the positive impact we hope to have on the local community through jobs, taxes, and economic activity.". Limetree Bay plans to restart one of the plant’s remaining crude units, sulfur-recovery and other facilities to produce “low-sulfur fuels, i.e. I am grateful to our partners at Limetree Bay for creating this opportunity, and I look forward to a productive and collaborative relationship with both companies now and in the future," Governor Mapp said. Limetree Bay Refining andBP’s supply and trading arm have reached an agreement for tolling, supply and offtake of the restarted refinery located at Limetree Bay, St. Croix, U.S. Virgin Islands. I am grateful to our partners at Limetree Bay for creating this opportunity, and I look forward to a productive and collaborative relationship with both companies now and in the future,” Governor Mapp said. Over the next ten years, the restarted refinery will produce hundreds of millions of dollars in new direct revenues to the Government. Governor Should Focus On His Job And Not Who May Be Running... Watch: Sarauw Unloads On Housing Official: 'Do Right... Raymond Williams, New Lottery Director, Apologizes... Also Returning Epstein Money: Donna Frett-Gregory. Find Me A Home – Where U.S. Crude Would Move Next If the Economics Were Right, Yo Ho Ho And A Cargo of Bunkers – Pirates of the Caribbean Terminals – Part 2, Islands In the (Crude) Stream? Don't miss our Virtual School of Energy! “The refinery restart project is the product of a collaborative effort with many Virgin Islanders,” added Brian Lever, President of Limetree Bay Refining. "The refinery restart project is the product of a collaborative effort with many Virgin Islanders," added Brian Lever, President of Limetree Bay Refining. The deal under discussion would be similar to a supply and marketing arrangement BP struck with NARL Refining for the 115,000-bpd Come By Chance refinery in Newfoundland, one of the people said. Limetree Bay said Mr. Hersperger has deep experience as a general manager of large-scale merchant terminals focused on safe and efficient, customer-oriented operations. ST. CROIX — Limetree Bay Ventures announced Wednesday that it expects to bring its new single point mooring (SPM) buoy into service in October and to re-commence refining operations by the end of 2019. Most recently, Mr. Kenneth Mapp, the governor of the U.S. Virgin Islands, has scheduled a press conference for Monday morning to detail the deal with ArcLight Capital Partners and Limetree Bay Terminals LLC, which own the refinery, spokeswoman Lisa Posey said on Sunday. Under the new organizational structure, Robert Weldzius will continue to provide day-to-day oversight for the refinery. Limetree Bay had hoped to complete the restart this year with two crude processing units in operation. Since that time, the company has returned over 25 million barrels of storage capacity to service and currently has more than 1,100 total workers at the Refinery site. American Airlines to Serve St. Croix With New Flights Next Summer, The Sudden Death of Influential Roots Reggae Visionary, Vaughn Benjamin of Midnite Band and Akae Beka, Has Rocked the Virgin Islands and Reggae Community Around the World, Arthur A. Richards K-8 School Hosts Anti-Bullying Campaign. BP Plc separately is in talks with the refinery’s owners to supply crude to the plant, said two of the people familiar with the matter. The Limetree Bay refinery is the most prominent example of refiners ramping up spending to cash in on expectations of higher demand and better margins for low-sulfur fuels beginning in … ArcLight, which owns 80 percent of the venture, declined to comment on Friday.

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