|LARGEST CARIBBEAN OIL REFINERY TO CLOSE|
Aruba, January 20, 2012 - The HOVENSA oil refinery in St Croix, US Virgin Islands, will be shut down, the company announced today.
It also said the low price of natural gas in the United States had place HOVENSA at a “competitive disadvantage.” The company said it had explored other options to keep the refinery operating, but financial losses “left it with no other choice.”
The US government has previously found the refinery to be in violation of its federal Clean Air Act, saying in August that there had been “too many chemical releases and other potentially dangerous incidents at the HOVENSA facility in recent years, including three in January 2011 alone,” according to EPA Regional Administrator Judith Enck. It is not clear whether that played a role in the shutdown.
Read more / Source: http://www.caribjournal.com/2012/01/18/largest-caribbean-oil-refinery-to-close/