Port Hamilton Refining and Transportation
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.
- Company typePrivate
- Founded2022
- HeadquartersSaint Croix, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
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.
Port Hamilton Refining and Transportation firmographics
Firmographics- 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
Port Hamilton Refining and Transportation industry classification
Industry- 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
Where Port Hamilton Refining and Transportation is headquartered
LocationHeadquarters
- HQ city
- Saint Croix
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Port Hamilton Refining and Transportation business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- 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.
- 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
Port Hamilton Refining and Transportation product offering
Product offeringCore 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
Companies that use Port Hamilton Refining and Transportation
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles3 records
Port Hamilton Refining and Transportation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Port Hamilton Refining and Transportation partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Wind HarvestminorWind 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
Port Hamilton Refining and Transportation competitors and assessment
Company assessmentBroad 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
Port Hamilton Refining and Transportation social profiles
Digital presencePort Hamilton Refining and Transportation compliance and trust
Trust signalCompliance2 records
Port Hamilton Refining and Transportation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Port Hamilton Refining and Transportation leadership team
Management profileNumber of profiles
Port Hamilton Refining and Transportation subsidiaries and ownership
Company hierarchySubsidiaries2 records
Port Hamilton Refining and Transportation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Port Hamilton Refining and Transportation M&A and investment
M&A and investmentM&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
What does Port Hamilton Refining and Transportation do?
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.
Is Port Hamilton Refining and Transportation a public or private company?
Port Hamilton Refining and Transportation is a private company. It is classified as private equity controlled and is currently operating.
When was Port Hamilton Refining and Transportation founded?
Port Hamilton Refining and Transportation was founded in 2022. It employs 51 to 100 people.
Where is Port Hamilton Refining and Transportation based?
Port Hamilton Refining and Transportation is headquartered in Saint Croix, United States, in the North America region.
How does Port Hamilton Refining and Transportation make money?
Two revenue lines are on record. Petroleum Refining and Fuel Products are the primary driver. The others are renewable Diesel (RD) and Sustainable Aviation Fuel (SAF).
Who are Port Hamilton Refining and Transportation's main competitors?
Broad incumbents on record are Valero Energy, Marathon Petroleum and Phillips 66. Direct peers are PBF Energy, CVR Energy, World Fuel Services, HF Sinclair (HollyFrontier) and Delek US Holdings. Buckeye Partners is listed as an others. Neste Corporation is listed as an emerging player.
Does Port Hamilton Refining and Transportation have an API?
No public API is recorded for Port Hamilton Refining and Transportation.
What industry is Port Hamilton Refining and Transportation in?
Port Hamilton Refining and Transportation's product category is Petroleum Refining. Its primary akta.pro industry code is EUALAGAB, Conversion Refineries (FCC/Hydrocracking/Coking), with a secondary code of EUALAGAK, Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading). Its NAICS code is 324110 and its SIC code is 2911.