Limetree Bay Refining on Friday laid off more than 200 employees, three months after the company had announced it would suspend its plans to restart the refinery, resulting in a workforce reduction, the company said in a news release.
“It is a sad day today as we say goodbye to the dedicated men and women who worked so hard to restart the refinery,” said Jeff Rinker, Limetree Bay’s CEO. “Restarting the refinery after being idled for almost a decade was a tremendous challenge that this team approached with professionalism and energy. While the outcome was not as we had hoped or intended, I remain deeply grateful for their efforts, and we remain hopeful that the refinery will restart at some future date under new ownership.”
The company is in bankruptcy court seeking a buyer for the facility as it works with advisors to review potential strategic alternatives for the refinery.
A small number of employees and contractor personnel will remain at the refinery to continue preparing the site for the extended shutdown, which includes safely purging gases and removing any residual oil and products from the pipes and equipment. In addition, several other refinery workers have been able to secure employment at the neighboring Limetree Bay Terminal, the news release said.
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.
Support local + independent journalism in the U.S. Virgin Islands
Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.
When Adrianne Todman left St. Thomas for college in 1988, she narrowly missed the touchdown of Hurricane Hugo, the first in a series of what she called the more “iconic” storms that ultimately changed the trajectory of economic development and substantial growth within the territory. #visource#usvi#news... See MoreSee Less
Since 1999 the Virgin Islands Source – the only online newspaper of general circulation in the U.S. Virgin Islands – has been providing the community with reliable, accurate and balanced local journalism.