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Owner (s) Hess Corporation, PDVSA. Commissioned. 1966. (1966) Capacity. 646,000 bbl/d (102,700 m 3 /d) Limetree Bay Refinery (known also as Hovensa, styled HOVENSA) is an oil refinery located on the island of Saint Croix in the United States Virgin Islands. The refinery was a joint venture between Hess Corporation and PDVSA.
Hess Oil and Chemical was founded in 1933 by Leon Hess as an operation out of Asbury Park that sold refining leftovers to hotels as heating fuel. [4] [9] In 1938, he purchased land in Perth Amboy for his first oil storage terminal and in 1958 opened the company's first refinery, located in Port Reading. [11]
Leon Hess (March 14, 1914 – May 7, 1999) was an American businessman, the founder of the Hess Corporation and the owner of the New York Jets. Hess built an oil terminal in New Jersey after the Great Depression, building his first refinery in the late 1950s. He sold his company, Hess Oil and Chemical, in 1963 and joined a consortium to buy the ...
The refinery was sold for $62 million in December 2021 to West Indies Petroleum and Port Hamilton Refining and Transportation, following the bankruptcy of its former private equity owners.
Before the merger, Hess Oil and Chemical developed the Hess Oil Virgin Islands Corporation (HOVIC) Refinery on St. Croix, United States Virgin Islands, at the time the largest oil refinery in the world. [3] After 1998 the refinery built by HOVIC operated under the name HOVENSA. It is a joint venture with PDVSA and is 50% owned by Hess ...
Saint Croix lies at 17°45′N 64°45′W. The United States' easternmost point in the western hemisphere is St. Croix's Point Udall. The island has an area of 214.66 km 2 (82.88 sq mi). The terrain is rugged, though not extremely so. The island's highest point, Mount Eagle, is 1,165 feet (355 m) high.