Quantum Energy partners to develop multiple refineries in the Bakken

Quantum Energy Inc. has entered into a strategic alliance with Bilfinger Westcon Inc. to build multiple diesel refineries throughout the Bakken region. The facilities will also include a natural gas liquids stripping capacity of 100,000 barrels per day.“This Strategic Alliance was created by the signing of a joint development agreement that will see to develop up to five 21st Century clean energy centers that will each include a 20,000 barrel per day diesel refinery,” said Andrew Kacic, Quantum CEO. “Our design plan includes the latest clean technology to capture the CO2 released from our facilities for use in Enhanced Oil Recovery EOR throughout the Bakken. We welcome Bilfinger Westcon’s decision to join us as Bilfinger Westcon has been a key part of the development of the first greenfield refinery in the U.S. since 1976.”According to Dennis Chismar, Bilfinger Westcon VP of business development, the initial phase of this development will involve studies to support site evaluations, site selections, environmental permitting plans and refinery market studies.Construction will begin soon after the capital is raised.“There’s a lot of interest,” said Russell Smith, executive vice president of public affairs for Quantum Energy. “The ROI on these types of projects are very attractive to the market and they’re pretty far down the road with a number of potential capital sources.”

via The Bakken magazine – Quantum Energy partners to develop refineries in the Bakken.

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