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Thursday, 05/04/2017 8:19:44 AM

Thursday, May 04, 2017 8:19:44 AM

Post# of 29848
BOOMTIME $MMEX Resources Corp (OTCMKTS:MMEX) Continues to Enlist Help with Plans for Refinery
By Michael Luke - April 28, 20171116




The last time we covered MMEX Resources Corp (OTCMKTS:MMEX) was a little over a week ago and at that point, shares had more than doubled after an 8-K filing concerning the process of moving forward on a $450M refinery.

The stock has leveled off since then, but considering the ambitiousness of the company’s plans, we’re really interested in continuing to follow the story behind MMEX stock. We last reported on this play on the 18th of this month.

Just a day later, MMEX Resources Corp (OTCMKTS:MMEX) elaborated on a strategic relationship with Trinity Consultants, Inc., an international environmental consulting firm that specializes in industrial air quality issues. Under the agreement, Trinity will assist MMEX with the necessary air quality environmental authorizations to initiate construction of the refinery including the New Source Review Prevention of Significant Deterioration (PSD) permit application required by the Texas Commission on Environmental Quality (TCEQ) and EPA Region 6, and subsequent Title V Federal Operating Permit. Trinity will also provide broad environmental support comprising preliminary environmental site feasibility evaluation, permitting strategy development, regulatory applicability analysis, and permit preparation, negotiation, and public participation.

Jack W. Hanks, President & CEO of MMEX Resources Corp., commented: “Plans for the Pecos County refinery are continuing to move forward quickly. Our agreement with Trinity, a world class group of environmental consultants who will be vital to securing the necessary permitting for the project, is the next logical step in this endeavor and we are thrilled to have them onboard our growing team.”

Brian Burdorf, Operations Director in Trinity’s Gulf/South region noted, “While the environmental permitting process for a new facility of this type is not inconsequential, our team is extremely experienced in understanding and meeting the requirements. We are pleased to be working with MMEX on this important new project and l ook forward to delivering exceptional results.”









In early March MMEX announced its intention to build a crude oil refinery in the Permian Basin near Fort Stockton, Texas, subject to the receipt of required governmental permits and completion of required debt and equity financing.

This announcement was followed by the formalizing of an agreement with KP Engineering, an energy industry leader in engineering, procurement and construction solutions which will engineer, design and construct the planned project, and an announcement that the two parties will subcontract with Interstate Treating, Inc./RAMA Fabrication, Inc. of Odessa, Texas to engineer and fabricate vessels and process modules for the refinery. The latter announcement allows for the Pecos County refinery to be constructed using U.S.-sourced materials and equipment.

The state-of-the-art refinery project, with plans to export crude oil, fuels and petroleum products to western Mexico and South America, would generate approximately 400 local jobs during peak construction and approximately 100 permanent jobs upon becoming fully operational. Construction is slated to begin in early 2018, following the permitting process, and the facility is projected to begin operations in 2019. (Source: Globe Newswire)

As we stated above, the plans that MMEX has underway are highly ambitious, and while not guaranteed by any means, we’re still intrigued with the project enough to continue to afford the stock a spot on our watchlist. If you want to easily follow MMEX’s progress the solution is very simple. We’ll stay up on any developments with MMEX and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free smallcap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!



Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in MMEX stock, short or long.

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