About Limetree Bay Terminals, LLC

Limetree Bay Terminals, LLC (“LB Terminals”) is the new owner of the former Hovensa oil terminal at Limetree Bay, St. Croix, U.S. Virgin Islands in the Caribbean. LB Terminals is a joint venture between an affiliate of ArcLight Energy Partners Fund VI, L.P. (“ArcLight”) and an affiliate of Freepoint Commodities, LLC (“Freepoint”). ArcLight manages and owns an 80% interest in LB Terminals; Freepoint owns a 20% interest in LB Terminals.

LB Terminals is committed to continuing the site’s legacy of safe and environmentally sound practices. LB Terminals employees and contractors make both Safety and Environmental Stewardship the first requirement of every activity.

The LB Terminals facility consists of approximately 32 million barrels of crude oil and petroleum product storage, idled refinery units with total peak processing capacity of 650 thousand barrels per day, a deep-water port with 10 petroleum docks, 1 bulk product dock, six tug boats, and various associated equipment and inventory.

In the initial restart phase, the terminal in the U.S. Virgin Islands, with a maximum 32-million-bbl storage capacity, will bring on 13 million bbl of storage. The first 13 million barrels of capacity is committed to Sinopec, Freepoint Commodities and various other customers.

In the second phase, another 13 million bbl of storage capacity will be brought onstream, depending on demand from potential customers. LB Terminals can store and blend crude as well as store gasoline, diesel, propane, jet fuel and fuel oil. Limetree Bay has the potential to be a “choice terminal” in the Caribbean for clean oil products due to its location relative to South America, in-line/closed loop blending capabilities and ship berths that are protected from weather.

About ArcLight Capital Partners, LLC

ArcLight is one of the leading private equity firms focused on energy infrastructure investments. Founded in 2001, we helped pioneer an asset-based private equity approach to investing in the dynamic energy sector. We have invested over $16 billion in over 95 transactions since inception, generating strong realized returns for our limited partners from over 60 exits across diverse market cycles. Based in Boston, our investment team targets midstream, power and production opportunities with substantial growth potential, significant current income and meaningful downside protection, typically on a proprietary basis. We employ a hands-on value creation strategy that utilizes our in-house technical, operational and commercial specialists as well as our 400-person asset management affiliate. More information about ArcLight, and a complete list of ArcLight's portfolio companies, can be found at www.arclightcapital.com.

About Freepoint Commodities, LLC

Founded in 2011, Freepoint is based in Stamford, Connecticut with over 300 employees worldwide. Freepoint is a merchant of physical commodities and a financer of upper and mid-stream commodity-producing assets. Freepoint also provides physical supply services and related structured solutions for counterparties. Freepoint is owned by private equity funds managed by Stone Point Capital, members of Freepoint's management and senior employees. More information about Freepoint can be found at http://www.freepoint.com.

Management Team

The LB Terminals management team has extensive experience and industry knowledge, critical in developing a world-class storage and logistical hub and adding significant and immediate value for our stakeholders. Limetree Bay Terminals, LLC (“LB Terminals”) is led by Darius Sweet as Chief Executive Officer.

Darius Sweet brings over 30 years of energy industry experience in refining, supply, trading and logistics to his role as Chief Executive Officer. Most recently, he was Executive Vice President and President of Refining and Supply at Axeon Specialty Products, where he was responsible for overseeing all of Axeon’s refining, supply, trading and transportation functions. Prior to that, Darius spent 25 years at Hess Corporation (“Hess”), where he was most recently Senior Vice President of Refining, Terminals and Supply and oversaw Hess’s network of petroleum terminals, supply, trading and refining interests. He began his career in the oil industry as an engineer with Exxon and later as a supply analyst with Mobil. Darius holds a Bachelor of Science Degree in Chemical Engineering from Massachusetts Institute of Technology and an MBA in Finance from Columbia University.

Darius stated upon accepting his position “I am excited to join Limetree Bay and help restart and build a world-class storage facility and marine terminal. With ArcLight and Freepoint’s strong sponsorship, LB Terminals will deploy significant investment to revitalize the St. Croix Facility as a safety-oriented, environmentally-compliant, multi-purpose energy center, with an initial focus on crude oil and refined petroleum product storage operations. The strategic location of the facility, the scale of the infrastructure and the skilled workforce are all strengths that will enable LB Terminals to revive existing storage capacity and construct new terminal infrastructure, while also pursuing the restart of certain portions of the idled refinery operation.”

The LB Terminals leadership team includes Sloan Schoyer, Vice President of Operations and Keith Neal, Vice President of Commercial Development.

Sloan Schoyer spent 26 years with Hess in Marketing and Refining and an additional 13 years as Director of Marine and Terminal Operations at Hovensa, the prior owner of the St. Croix facility.

Keith Neal, Vice President of Commercial Development, has over 20 years’ experience in crude and petroleum products trading and has a strong logistical background, with his most recent role at Buckeye Partners.