Bakken refinery developers create JV, focus on Berthold

By Emily Aasand | July 22, 2015

Quantum Energy Inc., a Bakken-focused refinery developer, and Native Son Holdings LLC have announced their intent to form a joint venture for the construction and operations of a 40,000 barrel per day refinery in Berthold, North Dakota. The joint venture—Quantum Native Processing Partners LLC—will be owned by Quantum and Native Son Refining LLC, a subsidiary of Native Son Holdings.

“Native Son Refining includes a team of engineers who have prepared a construction permit application for a 40,000 bpd facility that doubles our planned capacity,” said Stan Wilson, chairman of Quantum. “Teaming with NSR on a Berthold site accelerates our plans and is the equivalent of building two of our previously planned facilities.”

“This proposed joint venture is the result of the efforts of new Quantum advisory board member, Rob Monday, the founder of the Native Son Companies,” said Andrew Kacic, Quantum CEO. “We expect to have our permit application filed yet this month.”

“Our engineers have successful prior experience with the North Dakota permitting process for refineries and we are excited to lend that capability to Quantum,” said Monday. “This alliance with Quantum fast tracks our own previous plans for a 40,000 bpd refinery and is a welcome strategic event to our efforts.”

Quantum has signed two-year option agreements with landowners in the cities  of Baker and Fairview in Montana, and Stanley and Berthold in North Dakota for energy center refinery sites and is currently “firming up relationships with other strategic alliance partners, refinery design teams, engineering firms and crude supply candidates.”

 

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