July 2, 2018 / 2:48 PM / 5 months ago

Idled St. Croix refinery to restart, produce fuels by 2020

HOUSTON, July 2 (Reuters) - The owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, plan to invest $1.4 billion to refurbish and restart a portion of the plant, aiming to bring fuels to market by January 2020, they said on Monday.

ArcLight Capital Partners, a private equity firm that owns Limetree Bay Terminals LLC, expects the plant to process 200,000 barrels per day of crude, officials said at a news conference in St. Croix on Monday. (Reporting by Collin Eaton Editing by Jeffrey Benkoe)

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