Quantum Energy, Inc. (PINKSHEETS: QEGY), announced today that it has signed a two year Option Agreement on a two hundred sixty (260) acre site in the Stanley, North Dakota area in Mountrail County, North Dakota for the construction and operation of an Energy Center that will include a 20,000 barrel per day topping plant diesel refinery.
Quantum President & Director Neil Amondson met with the Mayor of Stanley, ND to share Quantum’s latest recent site plans for a 21st Century Energy Center in Stanley. Quantum representatives have been invited to inform the Stanley City Council at a future Council meeting of the project details destined for the area. Recognizing the additional growth and infrastructure required to meet the demand for utilities and services currently provided by Stanley and Mountrail County, Amondson said, “We look forward to working with the Stanley City Council and Mountrail County representatives in bringing diesel fuel and jobs to the area.” Quantum’s design plan includes the latest clean technology to capture the CO2 released from their 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 20,000 barrel per day diesel refinery will provide 100 plus full time jobs in the Stanley area as well. “Bringing much needed diesel fuel to Stanley and throughout the Bakken to meet the needs of agriculture and industry is key to the goals of Quantum and its Strategic Alliance partner, Bilfinger Westcon,” Amondson said.Read the full article