Limetree Bay Refinery and BP's supply and trading arm have reached a definitive agreement for tolling, supply & offtake of the restarted refinery in St. Croix in the US Virgin Islands.
This announcement follows from the press release on November 4 which stated that Limetree Bay had reached an agreement in principle with a major international oil company.
Limetree Bay anticipates completion of the restart by late 2019.
Governor Mapp says: 'This agreement marks a significant milestone for the refinery restart effort.
'With more than $1.5 billion of total capital investment in the project, we can look forward to a period of significant growth in employment and the economy.'
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