WILLEMSTAD – 2BAYS, the company that took over operations from the former Refineria di Korsou, has responded to recent media reports suggesting it is in a state of financial crisis. In an official press release, the organization firmly denied these claims. 

While acknowledging that it is currently in a challenging phase, 2BAYS emphasized that the company is not in financial trouble but is navigating a period that requires important strategic decisions. Geopolitical uncertainty and complex financial considerations have added to the dynamic nature of the situation, the company explained. 

According to 2BAYS, financial resources are being managed with great caution, with a strong focus on long-term continuity and stability. 

The company also outlined its future plans, which include fully implementing lease agreements for the industrial facilities in Emmastad and Bullenbaai. At the same time, it is actively supporting the startup of asphalt production by Global Oil, an effort expected to bring new economic activity. 

If both initiatives prove successful, 2BAYS aims to phase out unprofitable operations and shift its focus toward generating alternative revenue streams beyond the refinery and terminal sectors. These developments, the company noted, will require significant investment and therefore demand careful financial management. 

Ultimately, 2BAYS stated that its goal remains clear: to make a sustainable and economically meaningful contribution to the development of Curaçao.