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MMEX Resources Corp. receives approval to construct solar powered UltraClean Refinery project

MMEX Resources Corp.

MMEX Resources Corp., a development-stage company, received approval from the Texas Commission on Environmental Quality (TCEQ) last week. This permit will allow the company to build its Pecos Country, West Texas UltraClean Refinery project.

Moreover, the technology partner for MMEX´s project is Polaris Engineering. The report states that Polaris Engineering will employ its patented process to produce ultra-low sulfur fuels with carbon capture.

About the project

“This is the first greenfield refinery project implementing carbon capture in the United States to be authorized through Permit by Rule. This planned facility is projected to reduce substantially Greenhouse Gas and Criteria Pollutants compared to existing US oil refineries on a per-barrel basis. The refinery has expanded production estimates from 10,000 bpd to 11,600 bpd.” Said Jack W. Hanks, President, and CEO of MMEX Resources Corp.

In addition, the CEO recalled the announcement made back in December 2021. According to the press release, MMEX, together with Polaris Engineering; completed significant milestones on the project’s technology timeline.

“Along with Polaris, we have now completed 100% of the front-end engineering and design package. With the guidance of Trinity Consultants and Polaris Engineering, we filed our application with TCEQ and received approval on February 18, 2022, to build and operate the complete facility. In addition, we have signed letters of intent with an international trading company to supply the crude oil and to purchase the finished products from the refinery. Achieving these significant milestones have allowed us to move forward with planned financing and commercial arrangements,” continued Hanks.

Finally, the CEO added that they are able to expand the ultraclean fuels product flexibility. This is due to the facility h as a slate to produce finished transportation grade ultra-low sulfur diesel; 87 Regular, 87 Clear, and 93 Premium grades of gasoline. These products will be readily available to their market on Interstate 10. The company expects the rail capacity to allow them to reach Texas Gulf Coast and western U.S. markets to take advantage of clean fuels mandates and price advantages.

Also recommended for you: SoCalGas proposes development of largest hydrogen system in the US. Click here to read!

About MMEX Resources Corp.

MMEX Resources Corporation (MMEX) is a development stage company. The company’s current engagement is in developing planned projects to produce hydrogen and ultra-low sulfur fuel products combined with CO2 capture. MMEX also participates in the development of solar power for distribution to its planned projects.

About Polaris Engineering

Polaris Engineering is a full-service provider of engineering, procurement, and construction for heavy industries worldwide. It has been operating for over 25 years in the Industrial Hub of Southwest Louisiana. They have built success by helping our clients find innovative and cost-effective process solutions to their operating and debottlenecking challenges.

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