![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, December 07, 2017 12:02:22 PM
The PBR system is an offshoot of USEPA's streamlining efforts for minor source emission - in this case administered by TCEQ.
The PBR process allows marginally competent companies, like MMEX to obtain an operating permit by filling out forms, and providing specific documentation that certifies that its emissions, from operations fall below a set of threshold values which are deemed not significant threats to air or water quality.
For a small, insignificant proposed facility like MMEX's rudimentary topping unit, the PBR is easy to obtain - TCEQ even provides apps, and spreadsheet templates that help an inexperienced applicant like MMEX through the process. For $100.00 (one hundred dollars), any applicant that can successfully complete the forms, and submit the required supporting documentation, gets the permit - there is no engineering review - this is an administrative permit.
TCEQ does not care that MMEX was far too incompetent to permit a facility that could produce marketable products - that's not TCEQ's problem - it's MMEX's problem. MMEX lacks even the minimal internal competence and skill to submit the application on its own - they had to hire Trinity to do the work and submit on MMEX's behalf.
Unfortunately for MMEX, the issued permit is one more element of its own undoing, and doom - if MMEX were ever able to get project financing, this is all they would be able to operate - a rudimentary, low capacity topping unit that cannot produce any marketable products.
The TCEQ issued a permit for something that can't be Sold I guess. LOL......
Recent MMEX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:51:51 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 01/08/2024 02:30:21 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/03/2024 01:18:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/14/2023 03:11:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 04:48:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/14/2023 06:42:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/11/2023 08:50:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 01:30:20 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/17/2023 08:55:16 PM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM