WINKLER COUNTY -- A new refinery is coming to the Permian Basin.
Meridian Energy Group, based out of Belfield, North Dakota, has announced that they will be bringing a full-conversion crude oil refinery to Winkler County.
According to the release, they will be entering into an agreement with Winkler Companies to establish site control in the county.
The refinery will process local crude oil into products for local and regional markets.
Meridian is modeling the refinery after another that is currently under construction in Billings County, North Dakota. The company claims that these two refineries "will be the cleanest refineries on the planet when they are operational."
"Meridian’s success on the Davis Refinery demonstrates that the domestic refining industry is ready for fundamental change, and Meridian believes that the crude supply and strong demand from the refined products markets indicate that the Permian Basin is the next place for Meridian to locate a Davis-style crude refinery. In fact, Meridian’s analysis indicates that there may be a need for more than one such facility in order to fully serve the needs of the Permian Basin," stated Meridian Energy Group, Inc. Chairman & CEO William Prentice.