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North Dakota to be home for the largest new U.S. refinery in more than 40 years

Meridian Energy Group, Inc., March 31, 2016

Meridian Energy Group, Inc., a California-based energy company, is planning to construct a new refinery in Billings County, North Dakota. When complete, the facility will be the largest new refinery built in the United States in over 40 years. The planned Davis Refinery is expected to process up to 55,000 bpd, and according to Meridian Chairman and CEO William Prentice, "will be one of the most modern, efficient, and environmentally compliant refineries in the U.S."

The Davis Refinery addresses two pressing needs:

  • The demand for local refining capacity: The Davis Refinery will expand refining capacity near the production areas of the more than one million bpd of crude oil currently being produced in the Bakken region — most of which is currently is being transported out of North Dakota for refining at higher costs.
  • The supply of fuel for the regional and local markets: The refinery will turn locally-produced crude into super-clean transportation and heating fuels, providing a supply to the oil service, agriculture and trucking industries, as well as consumer automobiles — which is currently being shipped into North Dakota also at higher costs.

 

About Meridian

The Mission of Meridian Energy Group, Inc. is to provide long-term shareholder value through the development and operation of the cleanest, most efficient and environmentally compliant crude oil refineries in the world, benefiting the community and its investors. Established in 2013, Meridian is led by energy industry experts with a combined 50 years of world-class expertise in energy & hydrocarbon processing, project development, finance, and large capital project management. Meridian Energy Group, Inc. headquarters is located in Irvine, CA.
For more information, visit: http://www.meridianenergygroupinc.com


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