On Monday afternoon, HOVENSA issued a notice to its truck rack customers and haulers informing them of the plant's preparation for shutdown "given HOVENSA's deteriorating financial condition." To that end, HOVENSA, which is being used as an oil storage facility, said it will no longer purchase any more gasoline and that its current supply is expected to end on the following dates:
Regular- Jan. 5
Premium - Jan. 7
ULSD - Feb. 12
Effective immediately, HOVENSA said it will limit the fuel purchases of its customers.
To read the full letter go here.
The VI Consortium will provide more on this story as details become available.
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