09-07-2018
MMEX Resources enters into Solar Power plan for its refinery project
MMEX Resources Corp, 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 it intends to develop a solar power project to provide electric power to its planned 10,000 barrel-per-day (BPD) crude distillation unit and its full-scale crude oil refinery in Pecos County near Fort Stockton, Texas.
Jack W. Hanks, President and CEO of MMEX Resources Corp., said, "We are pleased to announce an add-on of solar power to our business plan. We have formed MMEX Solar Resources, LLC and filed the trademark (above) to develop a solar power project to potentially supply solar power renewable energy to our refinery projects in Phases 1 and 2. We already own 126 acres in our site, and with an approximate industry configuration of four acres to build out one megawatt (MW) of solar power, we have ample space to start an initial solar phase alongside of our CDU Phases 1(a) and (b) construction. In addition, we have entered into preliminary discussions to lease additional acreage allowing us to develop an additional 75 MW to 100 MW of solar power. Our planned refinery complex will utilize about two MW of power in Phase1(a) and (b) and about 35-50 MW in Phase 2. We believe the remainder of the power can be sold into the grid."
Hanks added that Pecos County, Texas and the Permian Basin, generally, have great metrics for solar power, noting that other firms are also focusing on solar power in West Texas.
A recent announcement from the LCRA-AEP Texas has been made for upgrading transmission capabilities in Pecos County. On June 25, 2018, the companies announced to landowners:
"The transmission utilities are proposing to build and operate a new double-circuit 345-kilovolt (kV) electric transmission line in Pecos County due to increasing generation interconnection requests and growth in electrical demand by the oil and gas industry in the Far West Texas area. The new transmission line will connect AEP Texas existing Solstice Substation to LCRA TSC's existing Bakersfield Substation in order to strengthen the ability of the electric grid to reliably deliver electricity to oil and gas production and processing in the Far West Texas area along with other expanding commercial and residential needs. The proposed transmission line will also provide additional capacity for renewable power generation resources in Pecos County and the surrounding area. LCRA TSC will construct, own and operate the eastern half of the transmission line and AEP Texas will construct, own and operate the western half of the transmission line."
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
ETH Zurich select hte to provide high throughput test system designed for CO2 electroreduction
hte – the high throughput experimentation company was awarded a contract by the technical university ETH Zurich to provide a high throughput test system designed for ...
07-05-2024
-
NextChem acquire HyDEP and Dragoni Group
Maire Tecnimont Spa announced Tuesday that NextChem, through its subsidiary NextChem Tech, has finalized the acquisition of 80 percent of HyDEP Srl and 100 percent of ...
30-04-2024
-
ClearSign Technologies receives two purchase orders from California refinery
ClearSign Technologies Corporation, an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while ...
30-04-2024
-
AMETEK® Level Measurement Solutions unveils BrightTEK™
AMETEK Level Measurement Solutions (LMS), a business of AMETEK Inc, announces the launch of BrightTEK, a state-of-the-art wireless Industrial Internet of Things (IIoT) ...
30-04-2024
-
Aker solutions to upgrade Mongstad refinery for Equinor
Aker Solutions has been awarded a substantial EPCIC-contract by Equinor to upgrade the wastewater treatment plant facilities and lower the environmental impact of the ...
29-04-2024
-
Aspen Technology introduces AspenTech Strategic Planning for Sustainability Pathways™
Aspen Technology Inc, a global leader in industrial software, today introduced AspenTech Strategic Planning for Sustainability Pathways™, a new and unique integrated ...
26-04-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024