Limetree Bay Terminals finalizes deal for St. Croix refining complex

Limetree Bay Terminals LLC (LB Terminals), an 80-20 joint venture of ArcLight Capital Partners LLC, Boston, and partner Freepoint Commodities LLC, Stamford, Conn., has finalized agreements with Hovensa LLC and the US Virgin Islands for the purchase and planned restart of idled storage terminals, refining units, and marine systems at Hovensa’s idled refinery at Limetree Bay, St. Croix.

Source: News