Under the MoUs, these firms will purchase and distribute up to 268 million gal./y of refined products from the Davis Refinery, Meridian’s greenfield refinery proposed for Billings County, near Belfield, North Dakota, US.
These deals represent over 67% of the design capacity of Davis Light, the first phase of the refinery, and a still-significant portion of the completed 55 000 bpd capacity of Davis Refinery. Upon completion, the Davis Refinery will produce over 800 million gal/y of refined products.
Meridian confirmed that negotiations of distribution agreements with other firms are proceeding. The company also announced that it has completed a letter of intent with Sequent Energy Management L.P., under which Sequent will provide the Davis Refinery with its natural gas requirements.
