Hovensa Refinery: U.S. Virgin Islands Oil Facility Shutting Down With EPA Help

03/08/2012 03:21 pm ET | Updated May 08, 2012

CHARLOTTE AMALIE, U.S. Virgin Islands (AP) — The U.S. Environmental Protection Agency has assigned a coordinator to oversee the shutdown of the Hovensa oil refinery in the U.S. Virgin Islands.

The EPA said in a statement Thursday that it has assigned a community involvement coordinator to St. Croix, where residents have long complained about pollution problems.

Hovensa announced its closure in January after reporting a $1.3 billion loss in recent years because of weak demand and high operating costs.

The refinery was a joint venture of U.S.-based Hess Corp. and Venezuela's state-owned oil company. It will continue to operate as an oil storage facility.