Quantum Energy Crude Splitting Plan Garners National News
30 Juin 2014 - 1:30PM
Marketwired
Quantum Energy Crude Splitting Plan Garners National News
Reuters News Washington Bureau Coverage
TEMPE, AZ--(Marketwired - Jun 30, 2014) - Quantum Energy, Inc.
(PINKSHEETS: QEGY) was the subject of a Reuters news article
published Friday, June 27, 2014 by its Washington, D.C. news bureau
that discusses Quantum's capitol hill public hearing testimony and
plans to develop five Clean Energy Centers that include crude
splitters that will produce exportable crude under current legal
definitions. Here is a link to that article in its
entirety:
http://www.reuters.com/article/2014/06/27/us-usa-crude-refineries-exclusive-idUSKBN0F22BX20140627
A few key excerpts include:
"WASHINGTON(Reuters) - Quantum Energy Inc (QEGY.PK), a U.S.
energy venture, intends to build a network of "micro refineries"
that would produce fuel fit for export, an executive said on
Friday.
The Williston, North Dakota, enterprise plans to build five
"micro refineries" near railheads that would house facilities to
strip natural gas, refine liquid fuels and recapture carbon
dioxide, the company said.
Each facility would run about 100,000 barrels per day through a
stabilizer and subsequently refine 20,000 barrels per day into
household gas, diesel fuel and other petrochemicals ... about
80,000 barrels per day, could be carried on the rails to domestic
or foreign customers, Quantum's executive vice president, Russell
Smith, told Reuters.
"The Bakken crude we would process would qualify for export
under the existing rules," he said.
On Thursday, Smith testified about the export potential for
Bakken fuel at a U.S. House of Representative small business
hearing ..."
About Quantum Energy, Inc.
QUANTUM ENERGY, INC. is a development stage, publicly traded,
diversified holding company with offices in Williston, North
Dakota. Quantum places an emphasis in refinery development,
land holdings, oil and gas exploration, drilling, well completion
and fuel distribution www.quantum-e.com.
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not
strictly historical, including statements as to revenue
projections, business strategy, outlook, objectives, further
milestones, plans, intentions, goals, future financial conditions,
future collaboration agreements, the success of the Company's
development, events conditioned on stockholder or other approval,
or otherwise as to future events, such statements are
forward-looking, and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995. The forward-looking statements contained in this release
are subject to certain risks and uncertainties that could cause
actual results to differ materially from the statements made.
For Company Contact: Invest Com USA 1-855-424-7447
Quantum Energy (PK) (USOTC:QEGY)
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