Company History

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In early 2016, a joint venture between affiliates of ArcLight and Freepoint Commodities purchased the Limetree energy complex – previously owned and operated by HOVENSA, a joint venture between Hess Corporation and PDVSA. Limetree Bay Terminal made significant improvements to the storage infrastructure, with the first customer product shipments received in March 2016.

In November 2018, Limetree Bay Refining, LLC announced it had entered into definitive agreements with BP’s supply and trading arm for tolling, supply, and product offtake of the refinery in late 2019. BP will supply the refinery with feedstocks and market a significant portion of the product offtake volumes, including low-sulfur fuels that will meet International Maritime Organization (“IMO”) mandates in 2020.