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The
200,000-barrel-per-day refinery in St. Croix recently halted
processing after a mishap, according to people familiar with the
matter. It has run more than $1 billion over its original budget
and well behind a plan to begin processing in late 2019.
Forgan McIntosh, chief financial officer, has resigned effective
May 14, according to an April 1 letter to employees. The company
is advertising the position on its career website.
Senior vice president of refining Bob Weldzius and vice
president of human resources Jodi Mitchell, both of whom joined
Limetree Bay in January 2019, will retire from the company this
month, the letter said.
Neil Morgan, formerly senior vice president of downstream
manufacturing at Canadian oil refiner Cenovus Energy Inc., will
take over from Weldzius as refinery general manager, the letter
said.
Limetree, owned by private equity firms EIG Global Energy
Partners and ArcLight Capital Partners, did not respond to a
request for comment.
The refinery has suffered a series of setbacks on its path to
restarting operations after being idle for more than eight
years. Last week, processing halted after an undisclosed
operational issue, according to two people familiar with the
matter. Efforts are underway to restart by next week, one of
those people said.
It was unclear how much the plant was processing prior to the
latest halt. It began processing fuel in February and was
expected to run up to 200,000 barrels per day at its peak.
Shipping data shows that approximately 1,373,975 barrels of fuel
- mainly high sulfur diesel, naphtha and jet fuel - were
exported from the terminal in March, a rate that is about 44,300
barrels per day.
(Reporting by Laura Sanicola; Editing by David Gregorio)
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