Limetree Bay Ventures, LLC is a large-scale energy complex strategically located in St. Croix, U.S. Virgin Islands, consisting of Limetree Bay Refining, a refinery capable of processing up to 650 thousand barrels of petroleum products per day, and Limetree Bay Terminal, a 34-million-barrel petroleum products storage and marine terminal facility serving the refinery and third-party customers.
Limetree Bay Terminal is a full-service marine terminal for storage of crude oil and petroleum products. This marquee energy and logistics hub is at the crossroads of the global crude and refined products markets close to the Caribbean, Central and South America, Mexico, West Africa, and the U.S. Gulf Coast export markets. Limetree Bay Terminal was formed in 2016, following the acquisition of the 1,500-acre complex by ArcLight Capital Partners, LLC, a leading investment firm focused on energy infrastructure, and an affiliate of Freepoint Commodities, LLC.
Limetree Bay Refining is currently restarting a deep conversion refinery capable of processing up to 200 thousand barrels per day. ArcLight has partnered with an affiliate of British Petroleum (BP) since 2016 to design and plan this refinery to play a key role in producing the clean fuels required by global transportation markets. The facility will help transition the maritime fuel sector towards new international standards. Further, it is well situated to process the growing supply of Latin American sour crudes to fulfill consumer demand in growing end markets in the Caribbean, Central and South America, and West Africa. Through a structured agreement with BP, Limetree will restart and operate the refinery and BP will both supply feedstocks and manage product offtakes via a long-term tolling agreement for a significant portion of the refinery manufacturing capacity.