Meridian announced one month ago its signed agreement with McDermott International under which McDermott will finalise the FEED for the Davis Refinery. Following the completion of that FEED effort, the parties will be prepared to enter into a comprehensive turnkey engineering, procurement and construction (EPC) agreement to build the Davis Refinery.

Meridian has been working with Axens NA since 2016 to define the underlying proprietary process technology for the Davis Refinery unit operations and has entered into process book supply and license agreements with Axens this past September for the proprietary process units for the full 49 500 bpd Davis Refinery.