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Quantum Energy and Bilfinger Westcon partner to develop multiple refineries in the North Dakota-Montana Bakken formation

Quantum Energy, Inc. entered into a strategic alliance with Bilfinger Westcon Inc., a wholly owned subsidiary of Bilfinger SE (Germany), for the development of up to 5 diesel refinery projects throughout the Bakken Formation. Bilfinger Westcon is currently constructing a diesel refinery project in Dickinson, North Dakota expected to be completed around the end of this year.

The partners will seek to develop energy centers that will each include a 20,000 barrel per day (bpd) diesel refinery. The design plan includes the capturing the CO2 released form the facilities for use in Enhanced Oil Recovery (EOR) throughout the Bakken.

Additionally, each facility will also include a natural gas liquids (NGL) stripping capacity of at least 100,000 barrels per day which will build barrel value, provide the potential for local/regional propane production and provide for significantly reduced crude volatility to facilitate enhanced rail tank car safety.

The initial phase of this development will involve studies to support site evaluations, site selections and environmental permitting plans as well as various refinery market studies.

We welcome Bilfinger Westcon’s decision to join us as Bilfinger Westcon has been a key part of the development of the first greenfield refinery in the US since 1976.

—Andrew J. Kacic, Quantum CEO

Quantum Energy, Inc. is a development-stage, publicly traded, diversified holding company with offices in Williston, North Dakota. Quantum places an emphasis in refinery development, land holdings, oil and gas exploration, drilling, well completion and fuel distribution.

Bilfinger Westcon Inc. is a diversified industrial construction company headquartered in Bismarck, North Dakota that provides a range of project development and industrial construction services to large industrial processing facilities throughout the United States. The company specializes in construction solutions for a diverse mix of clients including oil and gas, refining, petrochemical, power generation, agriculture and food processing, biofuels, and specialty chemicals, among others. In 2012, Westcon was acquired by Bilfinger SE, a leading international engineering and services group from Germany.

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