Economy

St. Croix Refinery Targets 2027 Restart With Crude Supplier and Fuel Buyer Lined Up

ST. CROIX — Port Hamilton Refining and Transportation is targeting 2027 for a phased restart of the long-idled St. Croix refinery, with plans to eventually exceed 200,000 barrels of production per day and an unnamed commercial partner committed to both supply crude oil and purchase the finished fuels produced at the facility. The new details, disclosed by Port Hamilton Director David Johnson in an interview with Bloomberg, provide the clearest timeline yet for an effort that has been discussed for several years but has repeatedly faced questions over financing, regulatory compliance and the work required to safely return the massive south shore facility to operation. Johnson said Port Hamilton hopes the process now underway will lead to a restart within approximately 12 months, but emphasized that the 2027 target remains dependent on completing financing and satisfying regulatory, engineering and other requirements necessary for startup. Port Hamilton is evaluating several financing...