Sign in to follow this  
Followers 0
MG

Caribbean refinery re-start will make lots of USLD

Recommended Posts

Here is a fascinating article that describes how a hedge fund has purchased a shuttered refinery in the US Virgin Islands and will re-start a portion of it to produce lots of low-sulfur marine diesel for IMO 2020.  It touches on the intricacies of the Jones Act, the shift of US Gulf Coast refineries to natural gas for their processing energy and how that hurt other Caribbean refineries as to competitiveness, and lots of other arcane details that a typical industry follower would miss.  This is a great article by a great analyst.

https://www.freightwaves.com/news/freightwaves-oil-report-a-new-refinery-about-to-launch-to-help-supply-the-east-coast

  • Upvote 1

Share this post


Link to post
Share on other sites

Well, that was interesting! Looks like somebody saw an opportunity and took it.

Well done!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0