CLOs on the Move

Meridian Energy Group, Inc. is focused on its development of the "Davis Refinery" (49,500 bpd) on a 150 acre parcel (with additional acreage for an agricultural buffer) just outside Belfield, North Dakota in the heart of the Bakken. The plant is fully permitted to begin construction and has broken ground in July of 2018. Plant completion is expected by 2020. Meridian will use state of the art equipment and processes to construct one of the first greenfield fuels refinery in the U.S. in four decades. The plant is being designed to be highly efficient and will be capable of producing ...

Meridian Energy Group, Inc. is focused on its development of the "Davis Refinery" (49,500 bpd) on a 150 acre parcel (with additional acreage for an agricultural buffer) just outside Belfield, North Dakota in the heart of the Bakken. The plant is fully permitted to begin construction and has broken ground in July of 2018. Plant completion is expected by 2020. Meridian will use state of the art equipment and processes to construct one of the first greenfield fuels refinery in the U.S. in four decades. The plant is being designed to be highly efficient and will be capable of producing nearly zero sulfur diesel and jet fuels years ahead of EPA mandates. Operating on natural gas will provide many advantages, including low operating costs, low emissions and no need for EPA permitting. The second Meridian facility in the Permian Basin (Walton Station Refinery) will be modeled on the Company`s Davis Refinery, demonstrating substantially lower emissions on a per barrel basis than the industry average. The Davis Refinery is the first full-conversion crude refinery ever to be permitted as a Synthetic Minor Source, and Meridian believes that Davis and Walton Station will be the cleanest refineries on the planet.

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