Jamaican bunkerer seeks to revive USVI refinery
Jamaican bunkerer seeks to revive USVI refinery
Kingston, 10 January (Argus) — Jamaican bunkering firm WIPL that won an auction for a US Virgin Islands refinery aims to reopen the facility and more than double its capacity.
WIPL won the 18 December auction in a Texas bankruptcy court with a $62mn bid for the 200,000 b/d Limetree Bay plant, and says it will expand its capacity to around 450,000 b/d.
WIPL has until 21 January to close the sale. Waiting in the wings is runner-up bidder St. Croix Energy, a local start-up that submitted a $57mn bid, almost double the offer it made in a November 2021 auction that was later voided.
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