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December 2nd, 2015
USVI Gov Kenneth E. Mapp unveils landmark Hovensa agreement

VI CONSORTIUM

CHARLOTTE AMALIE, St Thomas, USVI — Governor Kenneth E. Mapp unveiled a landmark agreement that would immediately net the Government of the United States Virgin Islands (USVI) $220 million in cash at closing, up to $9 million to settle a legal claim, and up to $6 million for asphalt storage — bringing to a close a protracted battle that began with the refinery’s closing in 2012, and a failed attempt at acquisition by Atlantic Basin Refining, Inc. in December of last year.

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