Limetree Bay Refining reports $5.09 million net loss for February

By Sarah Lizee

Olympia, Wash., March 29 – Limetree Bay Refining, LLC reported a $5.09 million net loss on zero gross income/sales for the February period, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

The company listed a cash balance of $32.73 million at the end of the month.

Limetree Bay is based in St. Croix, U.S. Virgin Islands, and is capable of processing around 200,000 barrels of oil per day. The company filed bankruptcy on July 12, 2021 under Chapter 11 case number 21-32351.

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