Each Quantum Energy Center refinery requires a supply of only 20,000 barrels per day of crude oil while North Dakota and the Bakken produces 1,000,000 barrels per day. Crude supply is more than ample for the planned Quantum refineries.
Of the approximately 75,000 barrels of diesel consumed per day in North Dakota and eastern Montana only approximately 30,000 barrels per day are refined in North Dakota with the balance of 45,000 barrels per day being railed or piped out of state. Quantum seeks to refine that diesel gap locally and save that approximately $0.60 per gallon needless shipping cost. Diesel demand is more than ample for the planned Quantum refineries and will be consumed within a 30 mile radius of each.
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Recent Updates
1.) The February 28, 2015 year end audit is nearing completion by the CPA firm of SEALE & BEERS and the law firm of BRUNSON CHANDLER & JONES, PLLC is now handling the S-1 to expedite its filing.
2.) Recent negotiations on the Fairview, Montana site resulted in an increase in acreage from 144.6 acres to 154 acres as the two Landowners agreed to a six month extension of a key term of the option agreements.
3.) Quantum has signed two year Option Agreements with Landowners in Baker, MT, Fairview, MT, Stanley, ND and Berthold, ND for Energy Center refinery sites and is making progress in firming up relationships with other strategic alliance partners, refinery design teams, engineering firms, major diesel off-take sources and potential funding sources as well as crude supply candidates.
Contact info:
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Williston, North Dakota
701-651-6614
Tempe, Arizona
480-366-5884
Investors Relations
Invest Com USA
1-855-424-7447