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Caribbean
Petroleum was incorporated in 1987 through the merger of Caribbean Gulf Refining Corp., Gulf Petroleum S.A., and Compañía Petrolera Chevron, Inc. The Bayamón refinery was originally built in 1955 to supply the Puerto Rico Electric Power Authority Palo Seco and San Juan Power Plant.
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October 23, 2009, one of the tanks in the refinery exploded due to a faulty gauge, leading to a massive fire that destroyed most of the facility. As a result, the company filed for bankruptcy.
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The refinery was shut down in April 1995 due to unprofitable margins. However, it reopened the next year.
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This article about a natural gas or petroleum-related company is a
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took place in the refinery destroying 11 storage tanks.
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having a capacity of 48 thousand barrels per day (7.6
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