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Re: Interesting News on St. Croix Refinery

ironheadUSVI
June 01, 2018 06:54AM

Registered: 1 year ago
Posts: 243

Some of us are so sick and tired of the misinformation spread by people who have no experience in the refinery and have no first hand knowledge of what is happening that we choose to just sit back and let them make fools of themselves. Some people don't want to hear or believe the truth.

I worked there 37 years, including several years after the 2012 closing. And I am still involved in the operations there.



Edited 1 time(s). Last edit at 06/01/2018 06:55AM by ironheadUSVI.

Re: Interesting News on St. Croix Refinery

speee1dy
June 01, 2018 08:00AM

Registered: 10 years ago
Posts: 8,553

let me guess, you just read that book " how to make friends and influence people "


Quote
Ptopta
Quote
singlefin
Let me guess...

For their Public Relations Department?
Guess again.
I am a piping engineer .Sorry I even bothered asking you arrogant assholes. Seems like every forum has them and i just found them . Yawl are worthless pos.

Re: Interesting News on St. Croix Refinery

singlefin
June 01, 2018 09:27AM

Registered: 4 years ago
Posts: 681

Im not feelin’ the Love.

Can’t we all just get along?

thinking

Re: Interesting News on St. Croix Refinery

caribstx
June 01, 2018 10:20AM

Registered: 4 years ago
Posts: 434

Quote
Ptopta
Quote
singlefin
Let me guess...

For their Public Relations Department?
Guess again.
I am a piping engineer .Sorry I even bothered asking you arrogant assholes. Seems like every forum has them and i just found them . Yawl are worthless pos.

Signs of a Trump supporter: 1) Asks questions. 2) Doesn't like the answers. 3) Shoots messenger.

Re: Interesting News on St. Croix Refinery

ironheadUSVI
June 01, 2018 11:19AM

Registered: 1 year ago
Posts: 243

Quote
caribstx


Signs of a Trump supporter: 1) Asks questions. 2) Doesn't like the answers. 3) Shoots messenger.

I don't think you should be bringing politics into this.

Re: Interesting News on St. Croix Refinery

speee1dy
June 01, 2018 02:06PM

Registered: 10 years ago
Posts: 8,553

Really?


Quote
caribstx
Quote
Ptopta
Quote
singlefin
Let me guess...

For their Public Relations Department?
Guess again.
I am a piping engineer .Sorry I even bothered asking you arrogant assholes. Seems like every forum has them and i just found them . Yawl are worthless pos.

Signs of a Trump supporter: 1) Asks questions. 2) Doesn't like the answers. 3) Shoots messenger.

Re: Interesting News on St. Croix Refinery

Gumbo
June 01, 2018 05:24PM

Registered: 4 years ago
Posts: 487

Its gonna be a long 8 years for some people big grin

Re: Interesting News on St. Croix Refinery

dougtamjj
June 01, 2018 07:08PM

Registered: 11 years ago
Posts: 2,573

Re: Interesting News on St. Croix Refinery

janeinstx
June 02, 2018 04:55AM

Registered: 6 years ago
Posts: 651

thumbs up

Quote
ironheadUSVI
Some of us are so sick and tired of the misinformation spread by people who have no experience in the refinery and have no first hand knowledge of what is happening that we choose to just sit back and let them make fools of themselves. Some people don't want to hear or believe the truth.

I worked there 37 years, including several years after the 2012 closing. And I am still involved in the operations there.

Re: Interesting News on St. Croix Refinery

speee1dy
June 06, 2018 08:03AM

Registered: 10 years ago
Posts: 8,553

Re: Interesting News on St. Croix Refinery

speee1dy
June 06, 2018 08:03AM

Registered: 10 years ago
Posts: 8,553

lol


Quote
Gumbo
Its gonna be a long 8 years for some people big grin

Re: Interesting News on St. Croix Refinery

vicanuck
June 06, 2018 08:06AM

Registered: 8 years ago
Posts: 2,285

Quote
speee1dy
[viconsortium.com]

The news report we've all been waiting for!

Happy days are here again!

Re: Interesting News on St. Croix Refinery

singlefin
June 06, 2018 03:09PM

Registered: 4 years ago
Posts: 681

Fantastic!

So glad the British Petroleum rumors were true. Things are going to start rockin now!

Re: Interesting News on St. Croix Refinery

Gumbo
June 07, 2018 10:15PM

Registered: 4 years ago
Posts: 487

Super Happy for you guys on STX thumbs up

Re: Interesting News on St. Croix Refinery

SkysTheLimit
July 02, 2018 01:01PM

Registered: 11 years ago
Posts: 1,876

Official announcement made today. They will be refining. Soon!

Re: Interesting News on St. Croix Refinery

speee1dy
July 02, 2018 01:35PM

Registered: 10 years ago
Posts: 8,553

i read there would be an announcement

Quote
SkysTheLimit
Official announcement made today. They will be refining. Soon!

Re: Interesting News on St. Croix Refinery

SkysTheLimit
July 02, 2018 03:37PM

Registered: 11 years ago
Posts: 1,876

Re: Interesting News on St. Croix Refinery

Alana33
July 02, 2018 04:12PM

Registered: 6 years ago
Posts: 11,872

As oil prices go up.

Re: Interesting News on St. Croix Refinery

vicanuck
July 02, 2018 04:48PM

Registered: 8 years ago
Posts: 2,285

A rising tide lifts all boats.

Re: Interesting News on St. Croix Refinery

singlefin
July 02, 2018 05:51PM

Registered: 4 years ago
Posts: 681

Refinery Reopening Will Create 750 Jobs, Mapp Says
By Don Buchanan - July 2, 2018
THE SOURCE

Gov. Kenneth E. Mapp announced Monday an agreement with ArcLight Capital Partners, parent company of Limetree Terminal, to reopen the Hovensa refinery, shuttered since 2012, bringing back 750 permanent jobs.

Mapp noted in his news conference that refinery operations were not as labor intensive as they once were. At the time of Hovensa’s closing it was estimated 2,000 jobs were lost. The terminal operated by Limetree is already employing 700 workers and the 750 new jobs will be in addition to those.

Mapp painted a sunny picture of what could happen if the V.I. Senate ratified the agreement. He said, not only would it enhance the territory’s economy, it would “accelerate recovery” from last year’s hurricanes and, add five years of life to the imperiled Government Employees Retirement System.

The agreement calls for an upfront payment from ArcLight of $70 million to the V. I. government; $30 million of that is for land that the government had acquired from Hovensa in a settlement and $40 million will be in prepaid taxes.

After the prepayment is covered, Mapp estimated that ArcLight will pay the government about $22 million a year in lieu of taxes. However, that figure will be based on market conditions and other factors. Mapp said it could be as high as $70 million a year or as low as $14 million.

He said Hovensa paid $330 million in corporate taxes in the 30 years it operated on St. Croix.

The residents probably made happiest by Mapp’s announcement from Government House were government retirees and government employees soon to retire. GERS has been predicted to go bankrupt by 2025. Mapp says more than $300 million from the agreement will be channeled directly to GERS, with another $100 million coming into the system from a bill he recently sent to the Senate. He said this would give the system another five years of solvency and time for policy makers to come up with a “rational, permanent solution” to the system’s problems.

Mapp said the agreement would also promote the development of a high quality hotel in Yacht Haven on St. Thomas – the first major hotel development in the territory in 38 years.

Before the agreement can go forward it has to be ratified by the V.I. Senate. Mapp emphasized for the agreement to work everything should be done “expeditiously.” This could be a problem in the Senate. Its members have complained about having to make decisions too fast. Mapp said his team had been working two years on the agreement.

In May Sen. Positive T.A. Nelson said when a Coastal Zone Permit for Limetree was up for debate, he had not had enough time to consider the bill’s effects “which could be detrimental to our environment, our way of life and our economy.”

Mapp said the federal EPA and the local Department of Natural Resources had gone over the agreement and found nothing in the allowed operations that would cause damage to the environment or be detrimental to residents’ health.

The agreement also contains measures that might not meet with senators’ approval, such as the selling of some GERS property to the government, changing the makeup of the GERS board, and restricting what actions the GERS board can make.

The retrofitting of the refinery is expected to create 1,200 temporary construction jobs. Mapp said priority for all jobs will be given to territory residents, but “realistically,” off-island hires will be needed. He said ArcLight hopes to be in the market by January 2020 and hopes to produce 220,000 barrels of oil a day.

He said the hotel project is “shovel ready” and developers hope to open it in fall of 2019. The hotel in Yacht Haven is to have 110-rooms and constructed in partnership with Island Global Yachting, the developer of Yacht Haven.

When Hovensa closed in 2012, then Sen. Louis P. Hill said, “The news is clearly devastating to many Hovensa employees who worked there most of their lives, but it will impact the entire government and people of the Virgin Islands.”

Mapp opened the press conference saying, “Lt. Gov. (Osbert) Potter and I are standing here busting with joy and excitement.”

He said ArcLight will invest $1.4 billion in refurbishing the refinery in the next 18 months.

Although the government is selling some of the land it obtained from Hovensa, it will retain the land and building it has been using for a vocational center on Melvin Evans Highway across from the solar farm.



Edited 1 time(s). Last edit at 07/02/2018 05:54PM by singlefin.

Re: Interesting News on St. Croix Refinery

stxisbest
July 02, 2018 07:11PM

Registered: 3 years ago
Posts: 180

Quote
singlefin
Refinery Reopening Will Create 750 Jobs, Mapp Says
By Don Buchanan - July 2, 2018
THE SOURCE

Gov. Kenneth E. Mapp announced Monday an agreement with ArcLight Capital Partners, parent company of Limetree Terminal, to reopen the Hovensa refinery, shuttered since 2012, bringing back 750 permanent jobs.

Mapp noted in his news conference that refinery operations were not as labor intensive as they once were. At the time of Hovensa’s closing it was estimated 2,000 jobs were lost. The terminal operated by Limetree is already employing 700 workers and the 750 new jobs will be in addition to those.

Mapp painted a sunny picture of what could happen if the V.I. Senate ratified the agreement. He said, not only would it enhance the territory’s economy, it would “accelerate recovery” from last year’s hurricanes and, add five years of life to the imperiled Government Employees Retirement System.

The agreement calls for an upfront payment from ArcLight of $70 million to the V. I. government; $30 million of that is for land that the government had acquired from Hovensa in a settlement and $40 million will be in prepaid taxes.

After the prepayment is covered, Mapp estimated that ArcLight will pay the government about $22 million a year in lieu of taxes. However, that figure will be based on market conditions and other factors. Mapp said it could be as high as $70 million a year or as low as $14 million.

He said Hovensa paid $330 million in corporate taxes in the 30 years it operated on St. Croix.

The residents probably made happiest by Mapp’s announcement from Government House were government retirees and government employees soon to retire. GERS has been predicted to go bankrupt by 2025. Mapp says more than $300 million from the agreement will be channeled directly to GERS, with another $100 million coming into the system from a bill he recently sent to the Senate. He said this would give the system another five years of solvency and time for policy makers to come up with a “rational, permanent solution” to the system’s problems.

Mapp said the agreement would also promote the development of a high quality hotel in Yacht Haven on St. Thomas – the first major hotel development in the territory in 38 years.

Before the agreement can go forward it has to be ratified by the V.I. Senate. Mapp emphasized for the agreement to work everything should be done “expeditiously.” This could be a problem in the Senate. Its members have complained about having to make decisions too fast. Mapp said his team had been working two years on the agreement.

In May Sen. Positive T.A. Nelson said when a Coastal Zone Permit for Limetree was up for debate, he had not had enough time to consider the bill’s effects “which could be detrimental to our environment, our way of life and our economy.”

Mapp said the federal EPA and the local Department of Natural Resources had gone over the agreement and found nothing in the allowed operations that would cause damage to the environment or be detrimental to residents’ health.

The agreement also contains measures that might not meet with senators’ approval, such as the selling of some GERS property to the government, changing the makeup of the GERS board, and restricting what actions the GERS board can make.

The retrofitting of the refinery is expected to create 1,200 temporary construction jobs. Mapp said priority for all jobs will be given to territory residents, but “realistically,” off-island hires will be needed. He said ArcLight hopes to be in the market by January 2020 and hopes to produce 220,000 barrels of oil a day.

He said the hotel project is “shovel ready” and developers hope to open it in fall of 2019. The hotel in Yacht Haven is to have 110-rooms and constructed in partnership with Island Global Yachting, the developer of Yacht Haven.

When Hovensa closed in 2012, then Sen. Louis P. Hill said, “The news is clearly devastating to many Hovensa employees who worked there most of their lives, but it will impact the entire government and people of the Virgin Islands.”

Mapp opened the press conference saying, “Lt. Gov. (Osbert) Potter and I are standing here busting with joy and excitement.”

He said ArcLight will invest $1.4 billion in refurbishing the refinery in the next 18 months.

Although the government is selling some of the land it obtained from Hovensa, it will retain the land and building it has been using for a vocational center on Melvin Evans Highway across from the solar farm.

BS--(not the poster)

Re: Interesting News on St. Croix Refinery

Alana33
July 02, 2018 09:42PM

Registered: 6 years ago
Posts: 11,872

Gee, really glad he's waited to get this done prior to November elections and fix GERS too!
Chuups!

Re: Interesting News on St. Croix Refinery

lescooper
July 02, 2018 10:16PM

Registered: 3 years ago
Posts: 140

After all the negative comments settle down...maybe we can discuss how tremendous this will be for the economy...

Re: Interesting News on St. Croix Refinery

singlefin
July 02, 2018 11:21PM

Registered: 4 years ago
Posts: 681

lescooper
You got that right!

Re: Interesting News on St. Croix Refinery

rosesisland
July 03, 2018 06:01AM

Registered: 6 years ago
Posts: 680

Yes, good for general economy but, bad for us long term renters who have chosen not to buy. Bad for my economy. I'm retired and Husband works off island 6 months each year.

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