MMEX Resources Corp. has acquired 324 acres of additional land for its West Texas projects, bringing its total land holdings to 450 acres.
MMEX announced its revised business plan on Feb. 8, 2021, and Mar. 24, 2021, refocusing the company on clean fuels and hydrogen energy generation.
It is 50% through an alliance with Polaris Engineering on the design and engineering of a 10,000 bpd clean fuels refinery (G87, ULSD, and IMO 2020 compliant Fuel oil) that emits 95% less pollution than any existing unit. This will necessitate the use of 12MW of electricity.
On August 24, 2021, we announced our memorandum of understanding and feasibility study with Siemens Energy for our proposed green hydrogen project, which will create up to 50 tons of green hydrogen per day using Siemens Silyzer 300 electrolyser technology. This will necessitate the use of up to 175MW of renewable energy.
The 60 tons per day Blue Hydrogen plant, which is based on cutting-edge steam methane reformer and hydrogen liquefaction technologies, will require up to 30MW of power. We intend to power all three projects using solar energy.