MDU Resources, Calumet JV diesel refinery in North Dakota, US

MDU Resources, Calumet JV for diesel refinery in North Dakota, US

4:58 AM, 9th February 2013
MDU Resources, Calumet JV for diesel refinery in North Dakota, US

BISMARCK, US: MDU Resources Group Inc and Calumet Specialty Products Partners LP have formed a joint venture to develop, build and operate a diesel refinery in southwestern North Dakota. The joint venture will be called Dakota Prairie Refining, LLC. MDU Resources Group’s participation in the joint venture will be through its wholly owned subsidiary, WBI Energy Inc. The facility will process 20,000 barrels per day of Bakken crude oil. Construction could begin this spring, and is expected to take up to 20 months.

“Through this joint venture we are continuing to expand both our midstream energy business and our vertically integrated investment in the Bakken oil play. There is a strong existing market for the plant’s production. Southwestern North Dakota also will benefit from the plant’s good-paying, long-term jobs and from the two companies’ longstanding commitment to the communities in which they operate and serve,” said David L Goodin, President and CEO, MDU Resources.

“We appreciate the help of the state’s agencies and officials to identify issues and help solve problems that are involved in a complex project such as this. We also appreciate North Dakota challenging us with a rigorous permitting process that will help ensure this state-of-the-art facility operates responsibly and safely, and becomes an important contributor to the local and state economy,” added Goodin.

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