The Caribbean refinery’s owner, Limetree Bay Ventures, has spent at least $2.7 billion restoring the facility, initially hoping to tap rising demand for low-sulfur fuels and markets in Latin American and Caribbean. BP Plc invested in the plant with an agreement to supply its crude and market the fuels produced in anticipation of a late 2019 startup. Limetree owners EIG Global Energy Partners and Arclight Capital Partners embarked on the overhaul in expectation of a surge in demand for marine fuels that comply with new maritime rules for low sulfur content. …read more
Source:: Yahoo Finance
