"MMEX – Permian Basin Crude Oil Refinery – Texas - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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MMEX Resources Corporation (MMEX) is planning to undertake the construction of a crude oil refinery in Pecos County, Texas, the US.
The project involves the construction of a crude oil refinery with a processing capacity of 50,000 barrels per day (BPD) on 101ha of land. It includes the construction of processing units, production units, storage tanks, a warehouse and related infrastructure, and the installation of equipment and machinery.
The project will be developed in two phases. Phase I includes construction of a 10,000 barrel-per-day (BPD) crude distillation unit near Fort Stockton, Texas.
Phase II involves the construction of an oil refinery with a processing capacity of 50,000 barrels per day (BPD).
On March 7, 2017, MMEX awarded an engineer, design and construction contract to KP Engineering (KPE).
MMEX and KPE appointed Interstate Treating, Inc./RAMA Fabrication, Inc. as a subcontractor for the project. The scope of the contract includes an engineering and fabricating vessels and process modules for the refinery.
On April 19, 2017, MMEX appointed Trinity Consultants, Inc as an environmental consultant for the project.
On June 13, 2017, MMEX signed an agreement with Crown Bridge Partners, LLC (Vcorp Agent Services) for US$3 million of equity securities for the project.
In June 2017, MMEX also planned to initially build a 10,000 barrel-per-day (BPD) crude distillation unit near Fort Stockton, Texas. The construction will take 15 months for completion.
On July 28, 2017, MMEX purchased 51ha of land to build a 10,000 barrel-per-day (BPD) crude distillation unit.
MMEX is planning to file for the air permit to Texas Commission on Environmental Quality.
Construction is slated to begin in early 2018, following the permitting process and completion of a required debt and equity financing for the project, and the facility is expected to be operational in 2019.
The project involves the construction of a crude oil refinery with a processing capacity of 50,000BPD on 101ha of land in Pecos County, Texas, the US.
The US$450 million project includes the following:
1. Construction of processing units
2. Construction of production units
3. Construction of storage tanks
4. Construction of a warehouse
5. Installation of equipment and machinery
6. Construction of related infrastructureReasons To Buy