Quantum Energy Inc.
QUANTUM ENERGY, INC. proposes to develop up to five 21st Century Energy Centers throughout the Bakken field with each to include a minimum 20,000 barrel-per- day diesel refinery, a separate adjacent processing plant to strip the crude of Natural Gas Liquids (NGL’s) for barrel value enhancement and the local/regional production of NGL byproducts. The Centers will also utilize the latest CO2 capture technology to reduce emission regulation while providing injection supply of CO2 for enhanced oil recovery (EOR).
Quantum Native Processing Partners, LLC (QNPP), a joint venture formed with Native Son Refining, LLC, a Woodlands, Texas, subsidiary of Native Son Holdings, LLC, has been formed to develop a 40,000 bpd refinery in Berthold, North Dakota. QNPP has filed an application for a minor source air quality construction permit with the North Dakota Health Department, Air Quality Division. The 40,000 bpd facility substantially increases Quantum projections as it is equivalent to constructing two of the previously planned 20,000 bpd energy centers. The QNPP Berthold refinery annual revenues using June 2015 prices are projected at approximately $1.2 billion while resulting annual EBITDA is projected at approximately $345,000,000. The capital commitment to build the facility is estimated at $645,000,000. The estimated output of the primary products from the crude processing facility in barrels per day based on a 360 day operating year include 18,400 bpd of gasoline; 13,200 bpd of diesel #2; 5,600 bpd of diesel #1 and 2,800 bpd of AGO/bottoms.
Quantum has a strategic partner, Bilfinger Westcon www.westconindustries.com who will handle all of the construction services through an existing Joint Development Agreement.
Quantum currently has four sites under land option agreements in Berthold and Stanley, North Dakota and Baker and Fairview, Montana and is in discussions with the economic development departments in Manitoba and Saskatchewan, Canada.