Development of Bangladesh Modular Refinery & Port
PARTICIPANTS| Name and Address | Role | Participant Info | Other Details |
|---|---|---|---|
| Procegas, LLC 111 Berry Rd Houston Texas 77022-3126 United States procegas.com |
Applicant, Exporter, Insured, LIAddressee, Supplier |
DUNS: 078665004 |
Total Sales: 25,000,000.00 |
| McKeown Development Company Ltd 701 Columbia Tower 5th Seattle, Washington 98104 United States mckeowncorp.com |
Borrower, Buyer, EndUser, Guarantor |
DUNS: 078843022 |
Total Sales: 1,500,000.00 |
| Xalt Capital Management 161 N Clark St Chicago Illinois 60601-3206 United States xaltcm.com |
Agent | Total Sales: 1,000,000.00 |
|
| DEC - OGECO S.A, Belgium - Design, Engineering & Comstruction Rue des Marlaires 40 6041 Charleroi Belgium decogeco.com |
Design, Engineering & Comstruction |
Project Description:
Four (4) crude oil crude topping units for the production of Diesel, JET A, and petroleum products. Each unit is capable of 50,000 barrels per day. The equipment is mounted on transportable interconnectable skid modules in Houston. The modules will be pre-piped, wired and instrumented. The columns will need to be erected in the field and the modules will be interconnected with piping, power, control wiring and structural support in the field.
Description of Principal Business Activity:
McKeown Development Company, LTD, has been awarded a 50-year lease by the Bangladesh Enterprise Zone Authority (BEZA) of the Moheshkhali Economic Zone property in Dalghata, Mohakhali, Coxs Bazar, Bangladesh, to install and operate a fully operational Oil Refinery to refine energy products with storage and water access. Located on the Bay of Bengal, 250+ acres of the 3,500+ acre Moheshkhali EZ will be utilized by McKeown Development to install four Topping Plants along with storage facilities and a water-borne terminal in the Bay of Bengal. The Company will utilize 4 Refinery Modules (50,000bpd for each plant) known as "Topping Plants" which have been manufactured and utilized world wide for more than fifty years. The EPC contractor is ProceGas located in Houston, Texas with extensive domestic and international experience. Seppro Systems will provide engineering consulting.
More information: www.bangladeshrefinery.com
Large-Scale Reforestation & Renewable Energy
McKeown Development Co formed and is majority owner of United Power Generation Co., Ltd (UPG). UPG developed the world’s largest renewable fuel electric power plant in Nakhon Ratchasima Province, Thailand, about 200 km northeast of Bangkok. The key to the project is a 250,000 acre plantation designed to sustainably produce more than 3 million tonnes of wood chips per year; these chips will be processed from fast growing trees grown on the plantation and provide 100% of the fuel required by a 300 MW circulating fluidized bed (CFB) power plant.
The project is CO2 neutral; it saves more than 1,100,000 tonnes of CO2 annually compared to a coal or gas-fired power plant. The plantation provides about 40,000 jobs to rural subsistence farmers and will substantially lift their living standards. The power plant will produce 50% of the total electricity consumed in the Province at a price that is completely unaffected by the international market for crude oil and derived products. All electricity produced will be sold to the Thai state-owned power company- EGAT- under 25 year, take-or-pay contracts.