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Atlantic Basin Refining News


LNG to the rescue at a revived Caribbean oil refinery?

Due to the lower-cost natural gas powering US refineries, Caribbean refineries have had problems reopening because they have long been faced with one option: expensive fuel oil. Atlantic Basin Refining, the new owners of the St. Croix refinery, may have the solution to the problem. The company is said to have a business plan that…

Pdvsa to sell Hovensa refinery to Atlantic Basin Refining

It was announced on Tuesday that PDVSA would be selling its Hovensa refinery to Atlantic Basin Refining in the U.S. Virgin Islands. The refinery, located in Saint Croix has been out of service since 2012, but the agreement between PDVSA and Atlantic Basin Refining will rebuild and restart the refinery in order to employ hundreds…

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