New HOVENSA rumor
In todays Consortium
Limetree Bay: There has been talk of an impending announcement by the governor relative to recent developments at the Limetree Bay Terminals. Rumors of a restart of the oil refining units on the east of the refinery have dominated local circles, with the talk being that British Petroleum, known universally as BP, taking the lead. None of this has been confirmed, however, and trusted Mapp administration sources have remained mum.
If there is in fact a major development relative to oil refining at the former HOVENSA facility, expect the governor to make it a key part of his address tonight.
There is a group on island walking down the refinery right now. Started this month.
Evaluation could take up to 6 months.
Articles I've seen say that the plan is to bring in gas turbine power plant via barge as well as building LNG storage to provide gas for power and to run cracker.
Previously refinery was running on sludge oil from V. Have seen proposition that they will import WTI to operate on. Tankage has already been leased out to oil companies that are mixing crude from Venezuela with WTI for export to Asia.
Restart work could take up to 2 years but may be half that. Depends on what condition they find the equipment in.
Its all about margins. Should operate on about 300-350K barrels a day.
The refinery already has several gas turbine generators, has always had them, and has been using them for many years.