- Sputnik International, 1920
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

US Oil Refinery Suspended Over Health Concerns to Shut Down For Financial Reasons

© REUTERS / Alvin BaezInstallations of the Limetree Bay petroleum refinery are seen in St Croix, U.S. Virgin Islands June 28, 2017.
Installations of the Limetree Bay petroleum refinery are seen in St Croix, U.S. Virgin Islands June 28, 2017.  - Sputnik International, 1920, 21.06.2021
Subscribe
International
India
WASHINGTON (Sputnik) – The controversial Limetree Bay Energy plant in the US Virgin Islands announced on Monday its plan to shut down indefinitely because of the serious financial problems after a month of dead time due to significant health safety issues.

A pump jack used to help lift crude oil from a well in South Texas - Sputnik International, 1920, 15.06.2021
US Judge Blocks Biden Admin's Suspension of New Oil, Gas Leases on Federal Land, Waters
The refinery came back to business last winter after almost ten years of closure. However, the Environment Protection Agency (EPA) ordered to shut it down in early May after a series of incidents when the plant sprayed neighborhoods with a petroleum mist.

"Limetree Bay Energy (“Limetree Bay” or the “Company”) today announced that it is suspending its plans to restart the refinery indefinitely, due to severe financial constraint", the company said in a statement.

Last Wednesday, EPA gave the company two weeks to provide a plan to establish an air monitoring system.

"Regrettably, the Company has been unable to secure the necessary funding and will be required to reduce the refinery’s workforce by approximately 271 employees, effective September 19, 2021", Limetree Bay said.

Oil storage terminal, operated by the same company, will continue operating, the statement read.

The refinery provided more than 400 jobs to residents, according to the company’s website.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала