Quanten Consortium LLC is the preferred bidder for the Pointe-a-Pierre Refinery according to highly placed sources in the Office of the Prime Minister and Trinidad Petroleum Holding Ltd.
Prime Minister Dr Keith Rowley announced in the parliament that TPHL had identified a preferred bidder but refused to give any further information on the name of the company.
The Business Guardian can confirm that it is the US company with executive offices in San Jose, California, Engineering Offices in Houston, Texas, and Operations Offices in Luanda, Angola, and Soyo, Angola.
Multiple sources have confirmed to the Business Guardian that Quanten is the preferred bidder and is in discussions with TPHL with a hope to getting access to the refinery.
The Business Guardian reached out the company but it declined to give any details at this stage.
The following questions were sent to Quanten:
Can Quanten confirm it is in discussions with the T&T government for the purchase or lease of the Pointe-a-Pierre refinery in Trinidad?
When does Quanten expect the process to be completed?
What’s the proposed size of investment?
Where is the crude to be sourced for the refinery?
Also what is the estimated time for getting the refinery up and running should a deal be made?
It responded saying, “Hello Curtis and thank you for your inquiry. However, at this moment in time we reserve comment.”
According to its website, Quanten Consortium group of companies focus on developing transformational projects in emerging market countries - these are individual or series of interventions that support deep, systemic, and sustainable change with the potential for large-scale impact in an area of major development challenge.
A sister company, Quanten Consortium Aruba, LLC is currently engaged in the refurbishment, upgrade and operations of the Aruba Refinery.
Jeff Meyers is Quanten’s managing partner. He is also founder and board chairman of Quanten, LLC and Quanten Electrical Contractor, Inc. (QEC), which provides electrical services for large commercial and industrial projects. QEC collaborates with Pacific Gas & Electric (PG&E) utility in the USA in projects involving grid connection, and retrofitting buildings with energy saving solutions utilising incentive funds as designated by the State of California.
Quanten Consortium Angola, LLC will build, own and operate the Soyo Refinery which will have the capacity to process 100,000 barrels of crude per day.
The company said its strategy is to build a “Deep Conversion” refinery with maximum uptime, which produces consumer ready end products such as gasoline, diesel, jet fuel, and asphalt, and is protected from adverse geopolitical events.
“We have the flexibility to process a variety of crude, deliver consumer ready end products and operate an eco-friendly refinery that meets the most stringent pollution and sulphur content requirements. We have redundancies and flexibility in the supply of crude oil, equipment, long lead items, critical items, spare parts, and refined products destination and customers.”
The Pointe-a-Pierre refinery was moth-balled in November 2018 and since then Government has been looking for a company to acquire or lease it. Negotiations with the Oilfields Workers’ Trade Union’s Patriotic Energies, which had expressed an interest, collapsed in January 2021.