(VI Consortium) St. Croix — Potential buyers of the Limetree Bay Refinery have until Nov. 10 to make their deposits to purchase the shuttered south shore facility, as Bankruptcy Judge David Jones for the Southern District of Texas on Friday approved an extension sought by Limetree.
The refinery has interested buyers, including St. Croix Energy whose aim is to restart the facility in an environmentally responsible manner, as well as scrapers, whose goal is to teardown the facility and sell its most useful parts. The extension would provide Limetree Bay with time to sort through the bids it received and prepare for the sale, according to Limetree Bay counsel Elizabeth Green.
According to court documents, the notice of extension milestone and bid procedures deadline is as follows:
