 In January 2011, Hovensa paid a $5.3 million penalty for Clean Air Act violations.The company closed the refinery in 2012, operating the property continued as a storage terminal only until that closed in 2015.A purchase proposal by Atlantic Basin Refining was vetoed by the USVI Senate, but in November 2015 a joint venture (of ArcLight Capital Partners and Freepoint Commodities) called Limetree Bay Terminals succeeding in purchasing the Refinery.