MMEX Resources Announces Strategic Relationship with Trinity Consultants on Crude Oil Refinery in Permian Basin
https://www.otcmarkets.com/stock/MMEX/news
International Environmental Consultants to Begin Permitting Process for $450 Million Project
AUSTIN, TEXAS, April 19, 2017 (GLOBE NEWSWIRE) -- 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, today announced 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 look 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.
About MMEX Resources
MMEX Resources Corporation (MMEX) is a development stage company formed to engage in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. MMEX focuses on the acquisition, development and financing of oil, gas, refining and electric power projects in Texas, Peru, and other countries in Latin America. For more information about MMEX, visit www.mmexresources.com.
About Trinity Consultants
Founded in 1974 in Dallas, Texas, Trinity operates in locations across the U.S. and in Canada, the U.K., China, and the Middle East. Trinity assists mostly industrial facilities with regulatory environmental compliance, specializing in air quality permitting and compliance management. In addition to environmental consulting, Trinity’s divisions provide environmental modeling software (BREEZE®), implement technology solutions for EHS information management (T3®), provide professional EHS training, support EHS staffing needs, and assist the life sciences industries with occupational health science and toxicology (SafeBridge Consultants®).
Media Inquiries
For MMEX Resources:
Danielle Urban
512-448-4950
durban@piercom.com
For Trinity Consultants:
Laura Redmon
972 661-8100
lredmon@trinityconsultants.com
MMEX Investor Inquiries
Please contact MMEX Resources Corp. directly at +1.855.880.0400 or
investorrelations@mmex.com
The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, which could cause our actual results to differ materially from those described in the forward looking statements. These risks include but are not limited to the Company’s ability to continue as a going concern, our lack of revenues, general business conditions, the requirement to obtain significant financing to pursue our business plan, our history of operating losses and other risks detailed from time to time in the Company's SEC reports. In particular, readers should note MMEX undertakes no obligation to update forward-looking statements.
Source: MMEX Resources Corp.
© 2017 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/MMEX/news
International Environmental Consultants to Begin Permitting Process for $450 Million Project
AUSTIN, TEXAS, April 19, 2017 (GLOBE NEWSWIRE) -- 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, today announced 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 look 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.
About MMEX Resources
MMEX Resources Corporation (MMEX) is a development stage company formed to engage in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. MMEX focuses on the acquisition, development and financing of oil, gas, refining and electric power projects in Texas, Peru, and other countries in Latin America. For more information about MMEX, visit www.mmexresources.com.
About Trinity Consultants
Founded in 1974 in Dallas, Texas, Trinity operates in locations across the U.S. and in Canada, the U.K., China, and the Middle East. Trinity assists mostly industrial facilities with regulatory environmental compliance, specializing in air quality permitting and compliance management. In addition to environmental consulting, Trinity’s divisions provide environmental modeling software (BREEZE®), implement technology solutions for EHS information management (T3®), provide professional EHS training, support EHS staffing needs, and assist the life sciences industries with occupational health science and toxicology (SafeBridge Consultants®).
Media Inquiries
For MMEX Resources:
Danielle Urban
512-448-4950
durban@piercom.com
For Trinity Consultants:
Laura Redmon
972 661-8100
lredmon@trinityconsultants.com
MMEX Investor Inquiries
Please contact MMEX Resources Corp. directly at +1.855.880.0400 or
investorrelations@mmex.com
The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, which could cause our actual results to differ materially from those described in the forward looking statements. These risks include but are not limited to the Company’s ability to continue as a going concern, our lack of revenues, general business conditions, the requirement to obtain significant financing to pursue our business plan, our history of operating losses and other risks detailed from time to time in the Company's SEC reports. In particular, readers should note MMEX undertakes no obligation to update forward-looking statements.
Source: MMEX Resources Corp.
© 2017 GlobeNewswire, Inc.
