BELFIELD, ND--(Marketwired - Aug 23, 2016) - Meridian Energy Group today announced that the Company has finalized a License agreement with Axens North America, Inc. ("Axens NA"), an affiliated company of the IFP EN to define the underlying proprietary process technology for several of the Refinery process unit operations, and grant a license to Meridian to implement the project using Axens NA's know-how.
This announcement comes just two weeks after Meridian expanded its relationship with Vepica, USA as Meridian enters its engineering phase of the Davis Refinery, in preparation for the onset of construction once the Permit to Construct is awarded.
As is common with a project of this complexity, Axens NA will work closely with Vepica during the Definition effort, and a great deal of the Axens work on the project will be performed under a process book supply agreement ("PBSA") between Axens and Vepica. A kick-off meeting with Axens and Vepica was held last month at Axens' offices in Princeton, New Jersey, which began the design of the project.
Meridian CEO William C. Prentice said, "In the defining of a principal process licensor and technology firm, Meridian had to identify a firm that could not only provide the most innovative and advanced refining technology, but one who could also ensure that these were commercially proven solutions. Axens is an industry leader and able to provide the best of both worlds, enabling the Davis Refinery to become the cleanest and most efficient refinery on the planet and set a new standard in liquid fuels technology. Furthermore, Meridian believes that the relationship that is being established with Axens will also involve long-term collaboration between the firms on a wide range of future energy projects."
Christian Vaute, CEO of Axens North America, had this to say, "We were immediately impressed with Meridian and with Vepica's advanced approach to the Davis Refinery, and its demand to leverage the Best Available Control Technology. This aligns perfectly with the Axens mission to be a reference technology company in applications in refining, and with Meridian setting the new standard in emission controls, we knew we'd partnered with a true leader."
About Axens North America
Axens NA is a subsidiary of Axens, www.axens.net, an IFP EN affiliate. Axens is an international provider of advanced technologies, catalysts, adsorbents and services, with a global reputation for basic engineering design excellence. The main scope of Axens' business is focused on the conversion of oil, coal, natural gas and biomass to clean fuels as well as production and purification of major petrochemical intermediates. Axens' global offer is based on: highly trained human resources, modern production facilities and extensive commercial feedback from plants using our processes and catalysts all around the world.
The Mission of Meridian Energy Group, Inc. is to provide long-term shareholder value through the development and operation of the cleanest, most efficient and environmentally compliant crude oil refineries in the world, benefiting the community and its investors. Established in 2013, Meridian is led by energy industry experts with a combined 500 years of world-class expertise in energy & hydrocarbon processing, project development, finance, and large capital project management. Meridian Energy Group, Inc. current headquarters is located in Belfield, ND.
For more information, visit: http://www.meridianenergygroupinc.com