MMEX Resources Corp. Announces its first Solar Power Hydrogen and Carbon Capture Project Agreement in Texas.
MMEX Resources Corp. (OTCPK: MMEX), a development-stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America. MMEX Resources announced it has signed the project agreement for its first hydrogen with carbon capture project at its existing site in Pecos County, Texas.
Jack W. Hanks, President and CEO of MMEX Resources Corp., said:
We previously announced our intention to modify our business plan moving MMEX to clean energy use and production.
“We announced negotiations with a European co-developer partner to develop and finance a hydrogen project with carbon capture at the MMEX Resources Pecos County, Texas site employing steam methane reformer technology with the abundant natural gas supplies in the immediate area as the feedstock.”
Hanks commented: “We now have signed our first Project Agreement with our European partner, Black Tree Energy Group, SCM and their special purpose U.S. company, V Engineering & Consulting, LLC.”
???? Check out the lates stories shaping the Hydrogen Economy
Hanks re-confirmed MMEX ’s commitment to ESG: “We continue our discussions to acquire potentially additional hydrogen project plant site locations in East Texas, Houston ship channel area and the Corpus Christi-Rockport area.
“Each special purpose project company is intended to have the local/regional economic development corporation with a financial interest along with the typical local tax abatement funds to be reinvested in local economic development. In addition, each special project company is intended to be governed with diverse independent board representation from the community.”
Hanks additionally stated, “While completion of these projects will require substantial financial resources and licensing and permitting requirements that must be obtained to complete the projects, we are now ready to put this first project into the full speed ahead category.”
MMEX Resources Corp. Announces its first Solar Power Hydrogen and Carbon Capture Project Agreement, March 24, 2021
