Mmex Resources Corp., an American energy resource development company, announced (8th February) its plan to develop solar energy farms in Texas which would feed power to a planned hydrogen production project.
The company plan is to develop various solar farms in the West Texas area. In 2018, the company established a subsidiary Mmex Solar Resources Llc, to build a solar power plant to supply renewable to its planned refinery projects. However, the Mmex has now decided to change its planned project from a refinery to producing hydrogen and ultra-low s sulphur fuel with CO2 capture technology.
The company said to have started its initial discussions for land acquisitions for both solar and hydrogen projects. Jack W. Hanks, President and CEO of Mmex Resources Corp said: “If successful, these multiple solar and processing projects would greatly enhance the Mmex footprint as a first-mover in integrated clean energy space.”
Mmex contemplates developing two different technologies. One would be using the steam reforming method using natural gas at the Mmex Pecos County, Texas site to produce hydrogen, ultra-low sulphur diesel and gasoline. The facility will use carbon capture and storage technology to eliminate emission. Mmex has already been in discussion with a European co-developer partner regarding the development and financing of the project.
The second project is to develop a plant in Pecos County with Polaris Engineering using the Polaris proprietary ‘UltraFuels 2 process’, to use the light crude oil and condensates to produce ultra-low sulfur diesel, renewable diesel and gasoline.
The company also highlighted various downside risks such as approval for these projects and access to funds as such projects are capital intensive. If the company clear all these hurdles, then the construction works would take between 15 to 18 months before commercial operations start.