Proposed Fort Stockton Refinery Gets Go Ahead from Regulators

 

FORT STOCKTON, TX — 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, Thursday announced it has secured permit approval from the Texas Commission on Environmental Quality (TCEQ) to build a 10,000 barrel-per-day (BPD) crude distillation unit near Fort Stockton, Texas.

Jack W. Hanks, President and CEO of MMEX Resources Corp., commented, “MMEX joins with its strategic partners, Trinity Consultants, its environmental consultants, and VFuels, its design and engineering firm, in announcing that TCEQ has approved the MMEX air permit application, allowing construction to begin. The efficiency of the permitting process speaks volumes to the professional approach of all parties in the application preparation and technical review process, including TCEQ staff and administration.”

Brian Burdorf, Operations Director in Trinity’s Gulf/South region, noted, “Receiving approval within a 30 day time frame is a noteworthy accomplishment that Trinity was pleased to spearhead. We are pleased to be working with MMEX and VFuels on this important new project and look forward to continuing to deliver exceptional results.” Cody Summerhays, Business Development Director of VFuels, added, “We congratulate MMEX, Trinity and the TCEQ in this important milestone for Texas, Pecos County and the Permian Basin. We believe very strongly in the idea of modularizing process equipment for projects with unique requirements such as the MMEX refinery and are honored to be working with our partners for this project. We look forward to collaborating very closely with MMEX and Trinity to deliver this project on time and on budget while also meeting the permitting designs approved by the TCEQ.

MMEX anticipates beginning construction of the 10,000 BPD refinery project imminently. The project is expected to require approximately 15 months of construction time and create significant economic impact in Pecos County during its fast-track construction as well as result in full-time positions going forward. These initiatives will also accelerate the potential for cash flow.

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