21 December 2014. The mothballed refinery on St. Croix will stay closed after the U.S. Virgin Island’s Legislature voted overwhelmingly against letting a new owner take over the plant. Atlantic Basin Refining Inc. hoped to revive the refinery, saying it could run the plant efficiently on light, sweet oil pumped in the U.S. The refinery was closed in 2012 by its current owner, Hovensa LLC, which used it to turn heavy crude-oil from Venezuela into gasoline, diesel and other fuels.

WALL STREET JOURNAL

http://www.wsj.com/articles/st-croix-refinery-to-stay-closed-after-vote-1419037312

At industryabout.com: Hovensa - Saint Croix Oil Refinery (Shutdown)

 

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