In a significant development for the clean energy sector, MMEX Resources Corporation has reached notable milestones in its efforts to introduce low carbon-intensity hydrogen to the market. The company’s latest shareholder update provides insight into its progress in both green and blue hydrogen projects, along with updates on partnerships and initiatives.
MMEX Resources has made significant headway with its green hydrogen project, submitting a proposal on January 31, 2024, to a Super Major Petroleum and Chemical Company as part of a Call for Tender issued on September 14, 2023. The submission, which targets the supply of substantial volumes of green hydrogen annually, has progressed to the next bid round as of February 26, 2024. The proposed solution involves collaboration with industry leaders such as Siemens Energy for electrolysis technology and Texas Pacifico and Union Pacific for rail transport, among others.
Furthermore, the company is pleased to announce advancements in its blue hydrogen project, including securing the off-take for the first 100 MW of hydrogen power, with discussions underway for an additional 100 MW. Additionally, MMEX Resources has finalized agreements for the off-take of 1.2 million tons per year of CO2 captured and is in advanced discussions with an international super major refiner regarding the export of blue ammonia to Asia.
Jack W. Hanks, CEO of MMEX Resources, expressed enthusiasm about the company’s progress, stating, “I am excited to share this update with our shareholders and to continue driving growth for our company.”
MMEX Resources reaffirms its commitment to delivering clean hydrogen solutions to the market and remains optimistic about the advancements achieved thus far.
