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Limetree Bay Refinery Files for Chapter 11 Bankruptcy Protection Rachel Butt and Gerson Freitas Jr., Bloomberg News (Bloomberg) Limetree Bay Refining LLC filed for Chapter 11 bankruptcy in Houston on Monday after the U.S. Environmental Protection Agency closed its Caribbean oil refinery. The St. Croix, U.S. Virgin Islands-based company said in a statement that it plans to use the court protection process to negotiate with creditors and equity holders and weigh options including asset sales. The refinery sought bankruptcy “due to severe regulatory and financial constraints” that forced it to suspend its refinery operations indefinitely, and has lined up to $25 million of so-called debtor-in-possession financing that will help it maintain the refinery through the Chapter 11 process, according to the statement.

United statesUs virgin islands basedUs environmental protection agencyGlobal energy partnersUs bankruptcy courtFreepoint commoditiesBiden administrationLimetree bay venturesBloomberg limetree bay refiningHess corpLimetree bay refiningProtection agencyArclight capital partnersPetroleos de venezuelaSouthern districtஒன்றுபட்டது மாநிலங்களில்