Meridian Energy Group, Inc. announced that the Company has entered into agreement with a Winkler Company subsidiary (Winkler) establishing site control in Winkler County, Texas for a new Meridian full-conversion crude oil refinery.
This new Meridian refinery will process local Permian (Delaware Basin) crude oil into a full slate of refined products for local and regional markets. Now that site control has been established, Meridian will proceed with design and permitting of this new crude oil refining facility. Meridian Energy’s first refinery, being constructed in Billings County, North Dakota, is proving that advanced technology can be used to meet strict environmental controls to build and operate full-conversion petroleum processing facilities.
The Meridian facility in the Permian Basin will have a throughput capacity of approximately 60,000 bpd and will otherwise be modeled on the Company’s Billings County Davis Refinery, which is currently in construction. The Davis Refinery is a full-conversion greenfield refinery that was permitted for air quality purposes as a Synthetic Minor Source, demonstrating substantially lower emissions on a per barrel basis than the industry average. The Permian facility will also be permitted as a Synthetic Minor Source. 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 now Permian, will be the cleanest refineries on the planet when they are operational.
