In the August 2016 Rights Issue Prospectus, it was noted that KPO's revised business strategy will require 'access to financing for project working capital in order to complete a project prior to receiving the majority of the payment from a customer'.
Although Sinopec are funding construction of the Hainan plant, KPO may be required to partially fund future projects. Therefore, I suspect MacLachlan brought Myers on board to help facilitate future project financing via his involvement with Stonepeak.
As we know, MacLachlan and Myers previously worked together at Pristine Power (Canada) along with Geoff Scott. Given the opportunities that exist for KPO in the oil sands sector of western Canada, these guys are well suited to the task.
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