Port Hamilton Refining and Transportation

What Port Hamilton Refining and Transportation does

Port Hamilton Refining and Transportation (PHRT) is a privately held refining operator headquartered in Christiansted, St. Croix, U.S. Virgin Islands. Founded in 2022, the company acquired the Limetree Bay Refinery, a single integrated petroleum facility carrying over $3.36 billion in prior capital investment, with total operational throughput capacity of approximately 210,000 barrels per day (210 Mbps) and advanced refining technology including a delayed coker unit. The refinery is currently idled while PHRT works to restart operations, supported by an additional $160 million in recent maintenance and upgrades, a favourable U.S. court ruling on EPA permitting, and direct federal engagement under the National Energy Dominance Council.

PHRT's commercial model is a B2B sale of refined petroleum products directly to traders, distributors, power generators, and industrial users. Its Caribbean location is positioned as a logistics hub serving fuel markets across North, South, and Central America, Europe, and Africa via marine shipping. Pricing is not publicly disclosed; contracts are negotiated with large industrial counterparties. Alongside refining, the company operates PHRT Village, a workforce housing campus accommodating 900+ guests, and sells surplus refinery equipment (crude distillation units, vacuum units, platformer units, gas turbines, modular housing) as ancillary revenue.

The company has publicly committed to repurposing its existing infrastructure to produce renewable diesel (RD) and sustainable aviation fuel (SAF), targeting airline, shipping, and fleet customers seeking lower-carbon fuels. Once the refinery restarts, PHRT expects to become the largest private employer in the U.S. Virgin Islands with over 600 jobs. The company currently discloses no revenue, is actively soliciting strategic investment partners (Freedom Fuel Network discussions), and holds EPA Title V and TPDES environmental permits.

Name

Port Hamilton Refining and Transportation

Legal name

Port Hamilton Refining and Transportation

Website

https://phrt.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Port Hamilton Refining and Transportation operates the idled St. Croix, U.S. Virgin Islands petroleum refinery with ~210,000 barrels per day capacity, working to restart operations and pivot toward renewable diesel and sustainable aviation fuel for global B2B fuel markets.

Ownership category

akta.pro rank

Product category

Petroleum Refining

NAICS

Petroleum Refineries (324110), Petroleum Bulk Stations and Terminals (42471), Pipeline Transportation of Refined Petroleum Products (48691), Pipeline Transportation of Crude Oil (4861)

SIC

Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171), Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

Conversion Refineries (FCC/Hydrocracking/Coking) (EUALAGAB)

akta.pro secondary industries

Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading) (EUALAGAK), Refined Products Tank Farms & Terminals (TLAGAKAB), Marine/Port-Connected Pipeline Terminals (Dock/Jetty Tank Farms) (TLAGAKAL)

Keywords

• Petroleum refining services
• Renewable diesel production
• Sustainable aviation fuel
• Refinery operations management
• Workforce housing facilities

Headquarters

HQ city

Saint Croix

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Petroleum Refining and Fuel Products: Primary revenue from refining crude oil into diverse fuel grades and supplying global markets. The refinery has a total operational throughput capacity of approximately 210,000 barrels per day.
2. Renewable Diesel (RD) and Sustainable Aviation Fuel (SAF): Future revenue stream from repurposed infrastructure producing renewable fuels with lower environmental footprint

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Port Hamilton Refining and Transportation operates the St. Croix petroleum refinery in the U.S. Virgin Islands with a 210,000 barrel-per-day throughput capacity, producing refined petroleum products. The company is transitioning operations toward renewable diesel (RD) and sustainable aviation fuel (SAF) production, while also operating workforce housing (PHRT Village) and selling surplus refinery equipment to industrial buyers.

Product overview

Port Hamilton Refining & Transportation (PHRT) operates a single integrated refinery facility in St. Croix, U.S. Virgin Islands, acquired in 2022 from Limetree Bay. The core offering is crude oil refining with approximately 210 Mbps throughput capacity. The company is transitioning toward renewable fuels, with renewable diesel (RD) and sustainable aviation fuel (SAF) as emerging product lines. Supporting operations include PHRT Village workforce housing (accommodating 900+ guests) and surplus refinery equipment sales. The refinery's strategic Caribbean location provides access to markets across the Americas, Europe, and Africa.

Differentiator

Problem solved

Functional benefit

Products and services

• St. Croix Petroleum Refining Refining of crude oil into conventional petroleum products at a 210,000 barrel-per-day throughput at the St. Croix refinery, supplying fuel traders, distributors, and power-generation buyers in the Atlantic Basin.
• Renewable Diesel (RD) Production Planned production of renewable diesel from renewable feedstocks at the St. Croix facility, targeting U.S. and international low-carbon fuel standard markets.
• Sustainable Aviation Fuel (SAF) Production Planned production of sustainable aviation fuel from renewable feedstocks, serving aviation industry decarbonization goals and CORSIA/SAF credit markets.
• PHRT Village Workforce Housing On-site workforce housing facility supporting PHRT employees and contractors at the St. Croix refinery, addressing labor-supply needs in the U.S. Virgin Islands.
• Surplus Refinery Equipment Sales Sale of surplus and decommissioned refinery equipment and industrial assets from the St. Croix site to industrial asset acquirers and equipment redeployers.

Quantifiable outcome

• Over 600 jobs to be created, making PHRT the largest private employer in the U.S. Virgin Islands
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Wind HarvestminorStrategic or Co-development Partner · 21 September 2025Wind Harvest announced a St. Croix update regarding planning partnerships and market fit for wind energy development. This represents potential renewable energy collaboration aligned with PHRT's sustainability initiatives.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Valero Energy: Major U.S. independent refiner with extensive refinery portfolio including renewable diesel (Diamond Green Diesel JV). Overlaps PHRT's petroleum product slate and renewable diesel ambition; serves as both an incumbent competitor and renewable diesel benchmark.
• Marathon Petroleum: Largest U.S. independent refiner operating multiple high-conversion refineries producing the same slate as PHRT (gasoline, jet, diesel) for global wholesale markets. Comparable on product slate and B2B distribution; operates at materially greater scale.
• Phillips 66: Large integrated U.S. refiner and marketer with refineries producing transportation fuels and growing renewable diesel/SAF capacity. Overlaps PHRT's product slate, customer base, and renewable fuels pivot at greater scale and broader portfolio.

Direct peers

• PBF Energy: Independent U.S. petroleum refiner with multiple mid-to-large complexity refineries producing gasoline, distillates, and refined products for wholesale markets. Comparable to PHRT as a similarly-sized independent refining operator with similar B2B wholesale distribution model and product slate overlap.
• CVR Energy: Independent refiner and renewable diesel producer operating mid-conversion refineries with coker units. Comparable to PHRT on conversion refining complexity, B2B wholesale model, and exposure to renewable diesel transition.
• World Fuel Services: Global fuel marketer and bunker supplier with Caribbean presence and marine fuel distribution into the Americas, Europe, and Africa. Comparable to PHRT's Caribbean geographic reach and global B2B fuel/wholesale customer model.
• HF Sinclair (HollyFrontier): Independent U.S. refiner operating mid-sized, high-conversion refineries with coker and renewable diesel capabilities. Directly comparable to PHRT on refinery complexity (delayed coker), renewable diesel pivot, and B2B refined product distribution.
• Delek US Holdings: Independent refiner operating smaller-to-mid-scale U.S. refineries with wholesale refined product distribution. Comparable to PHRT as a similarly-positioned independent refiner with comparable product slate and customer base.

Others

• Buckeye Partners: Operator of petroleum product pipelines, terminals, and tank farms across the U.S. and Caribbean. Comparable to PHRT's marine-port-connected tank farm and refined product terminal/storage infrastructure elements.

Emerging players

• Neste Corporation: Global leader in renewable diesel and SAF production from existing refining/chemical infrastructure. Directly comparable to PHRT's announced renewable diesel and SAF pivot as a benchmark for unit economics and offtake markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/PortHamiltonSTX
• Facebookfacebook.com/PHRTVI

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Port Hamilton Refining and Transportation