Meridian Energy Group, Inc.
is focused on its development of innovative and environmentally-compliant oil refining facilities. Meridian’s current focus is the “Davis Refinery,” sited on approximately 150 acres (and additional acreage for a buffer) just outside Belfield, North Dakota in the heart of the Bakken. At a rated capacity of up to 49,500 barrels per day (“bpd”), Davis could produce as much as 800mm gallons per year of refined products from local crude to serve regional markets. With groundbreaking taking place in July 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, and low emissions. The Lowest Achievable Emission Rates (“LAER”) will be achieved by use of the Best Available Control Technology.
Meridian is coming to the Bakken with a commitment to the future and an eye to the big picture. Our plans include the addressing of critical infrastructure needs for housing, commercial businesses, industrial space and basic utilities. We are developing a gas fired power plant to ensure sufficient electrical power for the refinery and the nearby community of Belfield. Our refinery will create permanent, high paying jobs, something the entire community can get behind.
Meridian’s management team has extensive experience in refinery development, including long tenures with some of the world’s leading petrochemical companies. For biographies on Meridian’s management, go to the Management tab at the top of this page. For more on our refinery, click the Davis Refinery.
The Opportunity Today
Meridian Energy Group Inc. recognizes that a convergence of forces has created an unprecedented opportunity. Crude oil production in the Bakken is well over one million barrels per day. Yet, 95% or more of that is being shipped out of state to distant refineries. Meanwhile, North Dakota has a severe shortage of diesel fuel that will only worsen as oil production continues to grow. About 2/3 of the state’s oil is transported from the wellhead by diesel guzzling trucks. A glaring need exists for refining capacity to convert Bakken crude into valuable diesel for the local market. Meridian’s Davis Refinery will address this need and expects to earn handsome profits in the process. See the Davis Refinery at top for more information.
Clean Fuels Demand Grows
It is well documented that, given a choice, consumers from virtually every walk of life will choose cleaner fuels over fuels with high emissions. Regulations have helped usher in this new reality as well. In the 1980’s sulfur content in diesel fuel was 3000 parts per million. Today, it’s 15 ppm for what is known as Ultra Low Sulfur Diesel, the biggest seller. By 2025 that number will be zero, thanks to EPA mandates. These fuels are expected to emit up to 30% less carbon particulate and NO2 than even today’s cleanest available fuels. Meridian will produce diesel with virtually no measurable amount of sulfur for all of its transportation fuels years ahead of those mandates. Meridian is taking the lead in ushering in a new era of hyper clean fuels that will be the choice of consumers everywhere.
Meridian Energy Group, inc. is a co-founder of Meridian Properties Corporation. We will develop important industrial, commercial and residential properties on land adjacent to the Davis Refinery site. Meridian Properties will participate in energy-related infrastructure opportunities created by the Bakken oil boom, including housing shortages, unmet demand for related services, and commercial and industrial sites for neighboring energy and energy services firms. MP will provide developed sites for over 1,000 residential units, ancillary commercial services such as restaurants and theaters, educational and acute care space, water and sewage treatment facilities, commercial, retail and industrial space as well as a new police and fire facility. The development will include two hotels that will house workers during refinery construction. The plant will create high paying, permanent jobs. Many of those families will live in the 1000 housing units planned by MP. The layout of the development is shown in the artist’s rendering below.