Project

The Trenton Refinery has been designed to be a highly efficient and environmentally friendly facility to process approximately 28,000 barrels per day of North Dakota crude oil. The facility has been engineered to prioritize its refining process to refine light sweet crude into No. 1 and No. 2 Ultra-Low Sulfur Diesel (ULSD) and to also generate secondary products for the local and regional markets. The secondary products produced will be naphtha and residual fuel oil. The refinery will have the capability to produce blended drilling distillates as well, which will be used in oil field applications.

The facility is engineered to utilize modular construction, which significantly reduces construction time and the facilities' footprint. Total construction time, including the fabrication of modules offsite, is expected to be approximately 18-21 months. The Trenton Refinery will be co-located with one of the state's largest rail facilities. Diesel fuel will be sold for agricultural, on road and industry use directly from the facility, while the facilities' secondary products will be transloaded onto rail cars and shipped to regional destinations.

The Company is partnered with some of the industry's leading refinery engineers, fabricators, logistics and operations professionals and will bring numerous near term construction as well as permanent jobs to the Williams County, North Dakota area.

The Project is well underway and has a significant number of zoning, county and other approvals to proceed. The Company was previously granted an air quality permit from the North Dakota Department of Health, however, the Company is in the process of submitting a revised permit for approval by the State and is expecting to proceed shortly after such approval with construction. The Company was founded by longtime resident and well-known oil & gas pioneer in North Dakota Mr. Mel Falcon. The Company is continuing the project in honor of Mr. Falcon's legacy.

Crude Supply

The Trenton Refinery will process approximately 28,000 barrels per day of locally produced Bakken Crude Oil. The Bakken region is currently producing over 1.3 million barrels of crude oil daily and crude will be delivered to the facility primarily by pipeline. Bakken is a light, low sulfur crude oil which as a high middle distallate (jet/kero + diesel) and a naphtha yield and a very low asphalt content.

Primary Products

The Trenton Refinery will focus its refining process on the production of #1 and #2 Ultra Low Sulfur Diesel fuel (ULSD). The process design will allow the refinery to maximize winter diesel production during the early and later winter months, and during the coldest periods, the refinery can produce an Arctic grade diesel, similar to No. 1 ULSD which is lighter than ULSD#2. The facility will sell diesel directly from its Trenton based location.

Secondary Products

In addition to diesel fuel, the Trenton Refinery will produce a full range Naphtha, atmospheric gas oil (AGO) and atmospheric tower bottoms (ATB) products. These products will be transloaded at the colocated rail terminal to be shipped to regional markets. Naphtha will be shipped north for use a diluent and initially, the AGO will be combined with the ATB stream to ship regionally as a combined attractive feedstock for fluidized catalytic crackers (FCC) at other midwest refineries.

The Trenton Refinery is to be located on a 48-acre site southwest of Trenton, North Dakota and will be connected via crude oil gathering pipeline to supply feedstock to the facility. The facility will have on-site crude oil storange as well as refined products storage pending sale to local markets for diesel and transload onto rail for secondary products.