If You’ve Got the Money We’ve Got the Crude – The North Dakota Refinery Rush Revisited

There hasn’t been a major new refinery built in the lower 48 since 1976. Now, no less than 5 projects to build new oil refineries are on the drawing boards in North Dakota. These projects are really “micro” refineries since they all have 20 Mb/d capacity compared to the 128 Mb/d national average of operating US refineries (source: Energy Information Administration - EIA). The projects all aim to take advantage of a shortage of refined products in North Dakota – especially diesel – as well as abundant supplies of crude from the Bakken shale. Today we review their progress.

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