Published by Todd Bush on January 4, 2023
FORT STOCKTON, TEXAS, Jan. 02, 2023 (GLOBE NEWSWIRE) -- MMEX Resources Corp. (OTCPK: MMEX), sponsor of the Trans Permian H2Hub is pleased to announce that The U.S. Department of Energy (DOE) on December 27, 2022 approved its Concept Paper to advance to the final application stage under the guidance for funding clean hydrogen infrastructure.
>> In Other News: California Resources Corporation Announces Carbon Dioxide Management Agreement for CTV’s First Permanent Carbon Storage Project in Northern California
On September 22, 2022, The DOE released its Funding Opportunity Announcement (FOA) to solicit Regional Clean Hydrogen Hubs (H2Hubs) under the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL). The FOA stated, “This $8 billion effort will catalyze investment in the development of H2Hubs that demonstrate the production, processing, delivery, storage, and end-use of clean hydrogen, in support of the Biden Administration’s goal to achieve a carbon-free electric grid by 2035 and a net zero emissions economy by 2050.” The DOE will select six to 10 regional hydrogen hubs with a preferred DOE investment for each hub in the range of $500 million to $1 billion with 50% of the amount funded by outside sources."
Jack W. Hanks, President and CEO of MMEX Resources Corp and sponsor of the Trans Permian H2Hub said, “Trans Permian H2Hub filed on November 5, 2022, announcing its formation and the filing of its Concept Paper for the regional hub Trans Permian H2Hub, LLC and to apply for DOE funding. On December 27, 2022, we received the decision by the DOE to proceed to the formal application stage in April 2023. We are very excited to receive this stamp of approval by the government to continue our Permian Basin H2Hub initiative.”
Hanks continued, “The Trans Permian H2Hub includes the Texas Permian Basin cities of San Antonio, San Angelo, Big Spring, Midland, Odessa, El Paso, Fort Stockton, Alpine, Presidio and Del Rio with an outreach of H2 attributes across Texas, the U.S. Southwest and Mexico. The planned projects within the Trans Permian H2Hub include hydrogen bus manufacturing, H2 re-fueling stations, green and blue hydrogen production, ammonia and methanol production, solar and wind power, and metropolitan bus transport projects in the major cities. In addition, Trans Permian H2Hub plans to work with the many natural gas transmission pipelines in the Permian to blend H2 with natural gas to reduce CO2 emissions and to work with the four railroads serving the Trans Permian to convert locomotives to H2 to reduce emissions. The plan also includes community benefits programs including environmental justice that check the core elements set out in the FOA. Trans Permian is in discussions or plan to be in discussions with each of the county or city economic development agencies in the region to implement economic and community development programs. The H2Hub also encompasses several university, college, and trade school campuses to implement hydrogen attributes curriculum or job training. The Trans Permian H2Hub is open for participation to any interested party. Trans Permian is now receiving letters of support and participation for non-binding, non-exclusive cooperation agreements.”
Jack W. Hanks, President and CEO of MMEX Resources Corp., further stated, “With its abundant resources of oil, natural gas, oil and natural gas pipelines, sun, wind, transcontinental interstate highways and railroad access, open space and reusable water resources, the Permian Basin has all the requisites to be chosen as one of the regional hubs.”
The new Trans Permian H2Hub web site includes the MMEX Trans Permian H2Hub presentation, including several maps of the region.
MMEX Resources Corporation (MMEX) is a development stage company formed to engage in energy industry infrastructure projects. Leveraging its management and business relationships from the traditional energy sector, MMEX is currently engaged in developing planned projects to produce hydrogen and ultraclean fuel products combined with CO2 capture by independent third parties. MMEX is also engaged in the development of solar power for distribution to its planned projects. For more information about MMEX, visit www.mmexresources.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.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⚖️ CDR at a Crossroads: Is Private Sector Innovation Enough to Offset Washington's Wobble? 🌱 Exomad Green’s Biochar Field Study Reveals Significant Crop Yield Improvements In Bol...
Inside This Issue 🚀 Climeworks Raises USD 162M to Scale Up Technology 🛠️ DNV Advances Skylark to Enable Safe Scaling of CO2 Pipelines for Carbon Capture and Storage 🍁 Canada’s Rising Role in the G...
Inside This Issue 🏗️ Hyundai Unveils $6B Hydrogen-Powered Steel Mill in Louisiana, Aims to Position State as National Energy Leader 🤝 Deep Sky Inks Next DAC Deal in Germany with Greenlyte Carbon T...
Bayotech Shifts Northern California Hydrogen Hub Development to New Site to Accelerate Impact
Strategic decision enables faster path to clean hydrogen delivery and community investment HOUSTON /PRNewswire/ -- BayoTech, a global leader in hydrogen production and distribution solutions, toda...
Clean-energy Backers Blast US Budget Bill as a Setback
Bill cuts solar and wind tax credits, keeps nuclear and geothermal Energy Innovation projects 300 GW capacity fall due to bill Oil and gas industry praises bill for advancing energy dominanc...
WASHINGTON--"As Congress passes the One Big Beautiful Bill Act today, FCHEA is proud to have played a central role in helping restore the critical Section 45V hydrogen production tax credit. We com...
Next-Gen Construction: 200 & 500kVA Hybrid Fuel-Cell Power USA - English
Elemental Energy launches its latest 200 & 500kVA hybrid hydrogen-BESS solution to optimise power supplies and eliminate combustion generators LONDON, July 3, 2025 /PRNewswire/ -- Elemental En...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.