Caribbean Business – This Caribbean Island’s Refinery Is Being Restarted


U.S. Virgin Island Governor, Kenneth E. Mapp, made the announcement recently, after inking a $1.4 billion landmark deal to restart the St. Croix refinery.

By NAN Business Editor

News Americas, NEW York, NY, Fri. July 6, 2018: A Caribbean-based refinery that was closed in 2012 could be reopened as early as 2019.

U.S. Virgin Island Governor, Kenneth E. Mapp, made the announcement recently, after inking a $1.4 billion landmark deal to restart the St. Croix refinery.

The Government of the Virgin Islands entered the agreement with ArcLight Capital Partners, LLC, the owners of what had been one of the largest oil refineries in the world when it was shut down six years ago.

The massive deal includes refurbishing the existing refinery located in St. Croix.

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Once refinery operations…

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