Quantum Energy plans to build refineries for producing exportable fuel

06/29/2014 | Reuters

Quantum Energy is looking to build five "micro refineries" that would produce petroleum products for export, said Russell Smith, executive vice president of the energy venture. "The Bakken crude we would process would qualify for export under the existing rules," he noted. Each processing facility would stabilize about 100,000 barrels of crude oil per day and refine 20,000 barrels per day later on.

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