People of the Virgin Islands and the world, Governor John P. deJongh, Jr. lied to us on January 19, 2012, when he alleged he did not know that the Hovensa Refinery on St. Croix, United States Virgin Islands was going to shut down on January 18, 2012. Ask yourselves why couldt our governor steer into the camera and tell us that he had no clue Hovensa was going to shut down and terminate over 2000 employees? Eight Virgin Islands senators did approve the Hovensa Fourth Amendment Agreement in November 2013 even though there were loud public demands for the governor to produce his SECRET Interim Agreement with Hovensa. Hovensa also have its own motives for shutting down its refinery operation. Now those monster toxic chemical oders have been turned loose on St. Croix once again. Lets see what the EPA has to say this time. There will be NO cover-up: IT IS TIME FOR THE TRUTH TO COME OUT ABOUT THE HOVENSA CLOSURE: Duff &Phelps Securities Highest and Best Use of the HOVENSA Refinery Results and Findings Related to the Services Outlined in RFP-0023-2012(P) Prepared by: Duff & Phelps, LLC Duff & Phelps Securities, LLC August 3, 2012 Oil Storage Operation In DECEMBER 2011, HOVENSA’s owners reportedly REACHED AN AGREEMENT to COMMENCE THE SHUTDOWN of the refining operations effective JANUARY 18, 2012 and transition the Facility into an OIL STORAGE TERMINAL. Avoidance of Environmental Related Costs Imposed by the EPA In 2011, HOVENSA entered into the Consent Decree with EPA and the GVI which requires the installation of equipment and the implementation of additional operating procedures with an estimated total cost of $700 million – HOVENSA may believe these costs could be deferred (through a modification to the Consent Decree) as long as the Refinery remains idle Conversion to a terminal may also indefinitely delay remediation costs including but not limited to RCRA requirements that a hazardous waste treatment, storage, or disposal facility (such as the Facility), upon termination of operations, achieve RCRA regulatory closure, which requires restoration of the site for industrial use. The bonded amount for RCRA closure is currently $32 million, but full site remediation could be substantially greater. Conversion would not address EPA‘s April 2012 Finding of Violation, in which EPA found that HOVENSA must install and operate a vapor recovery system for its offshore terminal, which HOVENSA estimates would cost up to $50 million Conversion would not address DPNR‘s ongoing CERCLA natural resource damage litigation against HOVENSA and HOVIC seeking restoration of the groundwater at the site STAY TUNE - THERE IS MUCH MORE TO COME
Posted on: Thu, 27 Mar 2014 02:44:03 +0000
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