Hovensa official five-member unsecured creditors committee appointed

By Mark Reccek

Bethlehem, Pa., Sept. 25 – Hovensa LLC’s official committee of unsecured creditors was appointed by the U.S. trustee, according to a Thursday filing with the U.S. Bankruptcy Court for the District of the Virgin Islands.

The unsecured creditors named to the committee include Pension Benefit Guaranty Corp. of Washington, D.C.; National Resource Corp. of Great River, N.Y.; Atlantic Trading & Marketing, Inc. of Houston; Turner St. Croix Maintenance, Inc. of Baton Rouge, La.; and National Industrial Workers of the Seafarers International Union of Christiansted, Virgin Islands.

Hovensa owns a crude oil refinery in St. Croix in the U.S. Virgin Islands. It is owned 50% by a subsidiary of Hess Corp. and 50% by a subsidiary of Petroleos de Venezuela, SA. The company filed bankruptcy on Sept. 15 under Chapter 11 case number 15-10003.

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