Trenton Diesel Refinery Update: 20,000 BOPD Crude Oil Refinery; Diesel Fuel; To Commence Operations In 2016 -- A Huge Story -- Perhaps Biggest Story Of The Week

A reader sent me this update on the "Trenton Diesel Refinery." Readers might recognize "Calumet" which is also involved with the diesel refinery west of Dickinson, a joint venture with MDU.

The source of the information below is from a SEC filing at this source, a PDF. The data of the SEC filing is shown to be June 17, 2014.

This seems to be the key paragraphs (with some editing for easier reading):

Entry into a Material Definitive Agreement. Dakota Oil Processing, LLC (DOP) is in the process of developing a 20,000 barrel per day crude oil diesel refinery in Trenton, North Dakota (the “Trenton Refinery”).

The Trenton Refinery is expected to commence operations in 2016.

Calumet Lubricants Co., Limited Partnership has entered into various agreements with DOP to govern the relationships of the parties thereto with respect to the Trenton Refinery.

Crude Oil Purchase Agreement:  On June 17, 2014, Calumet entered into a Crude Oil Purchase Agreement with DOP. Calumet has agreed to sell and deliver to DOP, and DOP has agreed to purchase from Calumet, 20,000 barrels of crude oil per day at a price equal to the amount per barrel ....

The Crude Oil Purchase Agreement is effective as of June 17, 2014, with deliveries commencing prior to the date that the Trenton Refinery commences commercial operations.

The Crude Oil Purchase Agreement has an initial term of five years, will automatically renew for successive two-year periods and may be terminated by either party on written notice delivered at least 120 days prior to the end of the then-current term.