MMEX Resources Corp (OTC: MMEX)

MMEX Resources Corporation is a Nevada based company focused on the development financing construction and operation of clean fuels infrastructure projects powered by renewable energy. The firm creates special purpose limited liability companies to advance each initiative. Its current activities center on a proposed refinery in Pecos County Texas and a companion natural gas to power project in the same location. The company aims to produce ultra low sulfur transportation fuels and to generate electricity with minimal carbon emissions. All efforts are directed toward building modular facilities that can be sited near crude oil production areas in the Permian Basin.

MMEX Resources Corporation expects to generate revenue primarily from the sale of refined petroleum products and from the sale of electricity produced by its power projects. The refinery will output gasoline diesel and fuel oil that meet transportation specifications. The power project will sell electricity to data centers to the ERCOT market or to both. Additionally the company may earn income from the sale of captured carbon dioxide for enhanced oil recovery. Revenue will be realized once projects are completed and begin commercial operations.

The company operates through the following segments.

• The Pecos Clean Fuels & Transport segment is responsible for developing an ultra clean transportation fuels refinery with a capacity of up to 11 600 barrels per day. The facility will produce zero sulfur 87 degree gasoline ultra low sulfur diesel and low sulfur fuel oil. It incorporates the Ultra Fuel configuration which reduces criteria pollutant emissions by approximately ninety five percent compared with traditional Gulf Coast refineries. The project uses a modular design to shorten construction time to about eighteen months and to allow placement near Permian Basin crude sources. A construction permit was obtained from the Texas Commission on Environmental Quality on February eighteen 2022.

• The Trans Permian H2Hub segment focuses on a natural gas to power project that will use a portion of a super major’s natural gas production from the Permian Basin. In phase one the project will burn natural gas in gas turbines to generate electricity for dispatch to data centers or to the ERCOT market. In phase two the natural gas will be reformed into hydrogen using technology from a major international company and the turbines will be adapted to run on a mixture of seventy five percent hydrogen and twenty five percent natural gas. The project also includes a carbon capture unit to collect CO2 for sale to another super major for enhanced oil recovery. Wind and solar power will supply auxiliary electricity and the hydrogen produced may be used as fuel gas for the refinery to eliminate CO2 emissions from that facility.

MMEX Resources Corporation positions itself as a developer of low carbon fuels infrastructure in a sector dominated by large integrated oil companies and specialized renewable fuels producers. Its competitive advantage lies in the combination of ultra low emission refining technology modular construction and the potential to supply its own hydrogen fuel for zero carbon refinery operation. The company also benefits from proximity to Permian Basin crude which reduces logistics costs and from early regulatory approvals for its refinery site. While it faces competition from established refiners that are investing in carbon capture and from pure play hydrogen firms its focus on integrating fuel production with power generation offers a distinct niche.

MMEX Resources Corporation expects its customers to include wholesale fuel distributors that transport gasoline diesel and fuel oil to retail outlets. Electricity customers may comprise data center operators seeking reliable power and participants in the ERCOT wholesale market. The captured carbon dioxide is intended for sale to super major oil companies that use it for enhanced oil recovery operations. The company has not disclosed specific counterparty names in the filing but the target markets are clearly defined.