Regulators confirm commencement of construction of Davis Refinery
The North Dakota Department of Environmental Quality confirmed that Meridian met the deadline for commencement of construction under its Permit to Construct (“PTC”) on June 12, 2021.
“They’ve done what they need to do. As far as we’re concerned regarding air quality, they’ve commenced construction of a facility,” David Stroh, Environmental Engineer, North Dakota Department of Environmental said.
While the Company acknowledges that it has suffered delays due to litigation and the impact of COVID, Meridian continues to make steady and methodical progress on Davis. On June 12, Meridian entered into an engineering, procurement and construction agreement for the crude distillation unit of the Davis Refinery, representing a substantial portion of the total installed cost of the full Davis Refinery. As design of the crude unit proceeds, Meridian will expand the scope of this EPC agreement to include the remaining units of Davis.
Meridian initiated site preparation in 2018. Most of the rough grading and additional site work was completed that summer following the award of the PTC. The bulk of the Davis activity for the next several months will be on detailed design and the procurement/fabrication of modules. As a result, substantial site activity will not resume until next year, when foundations and other subsurface work will commence.
Recently, Meridian was noted in a recent piece in Farm Journal TV’s AgDay, which indicated demand for next-generation biofuels like renewable diesel will increase significantly with the current administrations’ plan to reduce aviation and marine emissions by 2030.
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