Limetree Bay has been working to acquire capital to help in its restart efforts, the corporate stated in a press launch Monday. But it has been “unable to secure the necessary funding” and is chopping the refinery’s workforce by roughly 271 workers, efficient September 19. “The Company met with employees today to announce the decision to suspend the restart and explain the transition process for those who will be affected by it,” the corporate stated.
The refinery’s CEO Jeff Rinker stated shutting down indefinitely “was an extremely difficult decision” however “this is our only option, given the extreme financial constraints facing the company.”
Under earlier house owners, the plant filed for chapter and closed. It reopened earlier this yr, backed by personal fairness companies, underneath a allow issued by the Trump administration.
In preparation for the prolonged shutdown, the refinery stated it’ll begin “safely purging gases from all of the units and removing any residual oil and products in the lines.”
Dyline Thomas, a 58-year-old resident on the island, stated she found oil in her yard in mid-May. And simply two days earlier, a flare incident occurred on the Limetree Bay refinery upwind of her house. As flames and smoke billowed out of the flare stack, oil droplets have been launched into the sky and carried by the wind, raining down on close by properties.