82.5 F
Cruz Bay
Wednesday, May 22, 2024
HomeNewsArchivesHovensa Slashing Production, Evaluating ‘Workforce Needs’

Hovensa Slashing Production, Evaluating ‘Workforce Needs’

Hovensa, the St. Croix-based refinery, announced plans to shut down processing units on the western side of the plant, reducing capacity by about 30 percent. The company also announced it is evaluating its personnel needs.

The announcement came in a faxed press release sent out Wednesday morning.

According to the release, the move will reduce the refinery’s crude-oil-distillation capacity from 500,000 barrels a day to about 350,000, with no impact on the capacity of the coker unit for the fluid catalytic cracking unit.

In terms of employees, the release says, "The company is in the process of determining its workforce needs going forward. In the interim, it has placed an immediate hold on filling most open positions and cancelled the 2011 turnarounds previously scheduled for the west side units that will be shut down."

The company said its employees and contractors were notified of the plans Wednesday.

"Simplifying our operation by eliminating some older, smaller process units is expected to result in improved efficiency, reliability and competitiveness," said John W. George, Hovensa’s interim chief operating officer.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.

Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.