Meridian Engages a Leading Investment Bank in the Oil & Gas Industry as its Financial Advisor
Sited on approximately 150 acres (and additional acreage for a buffer) in Billings County east of the Fryburg Rail Facility in Belfield, ND. The Davis Refinery will enjoy immediate access to crude oil supply and to major transportation routes from the beginning of operations. This location will facilitate the shipment of crude oil feedstock and the transportation of refined products to market. The crude oil will be processed by the most modern and efficient plant anywhere, capable of processing 49,500 barrels a day of Bakken crude into hyper clean diesel and jet fuels while emitting near zero harmful green-house gasses so common at other refineries. When fully complete, Davis Refinery will be rated a Nelson Complexity Index of just under 9 due to its ability to produce a full slate of refined products.
Meridian believes the Davis Refinery will be the first high conversion, Greenfield refinery built in the U.S. since the mid 1970’s and will enjoy numerous operational advantages over potential competitors.
Meridian has assembled an impressive management team, boasting over 500 collective years in business in the areas of project development, petrochemical processing, utilities, technology, finance and insurance. The Davis Refinery will be led by those who have served key management positions with Suncor Energy, BP, Marathon Petroleum, Petromax Refining, PG&E, Nextera, Mirant and Southern Company.
As an emerging North Dakota company, we are bullish on the state and we are planting our flag with the intention of staying for the next 100 years. We’re making a significant investment in the equipment and systems that will insure the Davis Refinery can coexist with the pristine air quality of southwestern North Dakota.
Davis Refinery will meet the toughest air quality standards and produce the lowest emissions and cleanest fuels on the planet. From the beginning, Meridian Energy Group, Inc. was founded on the guiding principle that clean is better and as an emerging industry leader we have the responsibility to shepherd the way to a higher standard. Beginning with the Davis Refinery, Meridian will deploy the most technologically advanced emission control equipment available. In fact, the entire plant is being engineered so that every function will be the most efficient and clean running as possible. The end result will be not only the Lowest Achievable Emission Rates (“LAER”), but the cleanest conventional fuels ever produced.
In meeting Class 1 requirements, Meridian will be commercially proving new forms of Best Available Control Technology “BACT”, and establishing Davis as the new standard that all refineries should meet with the Lowest Achievable Emission Rates. This may result in such technology becoming mandatory for future refinery construction, raising the bar and reducing pollution over time. In the future, other refineries will need to evolve and elevate their practices to meet the same standards.
Meridian was issued the “Permit to Construct” (PTC) from the North Dakota Department of Health Air Quality Division as a “Synthetic Minor Source” on June 13th 2018. Achieving a Synthetic Minor Source is possible due to Meridian applying the highest level of “Best Available Control Technology” (BACT) to detect and control any fugitive emissions.
Meridian has been granted its Draft Permit of the Water Allocation of the Davis Refinery, and expects the final Permit issuance in November, 2018. The water will be drawn from an extremely deep aquifer that is not used as a potable water source.
Our involvement with the local community has been initiated by our recent permit applications and will accelerate as that process runs its course. Meridian’s leaders are aware there are many highly qualified firms and people in the area, and they intend to maximize the amount of local hiring and subcontracting.
Construction of the Davis Refinery will require over 500 people, with that number peaking during 2018.
Permanent employment at the Davis Refinery will be approximately 225 to 250 people.
Meridian Energy Group, Inc. Engages CIBC World Markets Corp. as its Financial Advisor BELFIELD, North Dakota (Tuesday, October 30th, 2018) – Meridian Energy Group, Inc.,
North Dakota Public Service Commission Dismisses Complaint Against Meridian Energy Group, Inc. Company continues construction of the Davis Refinery BELFIELD, North Dakota
Meridian Energy Group, Inc. signs Letter of Intent with GATE Energy for Davis Refinery start-up services Houston-based project management firm to lead development plannin