MMEX Resources makes announcements related to hydrogen project

MMEX Resources Corp. announced it has retained Chatsworth Securities LLC as Financial Advisor for three energy transition projects it is developing in Pecos County, Texas and for the Trans Permian H2Hub sponsored by MMEX and filed with the Department of Energy on November 7, 2022.

MMEX is an energy infrastructure company developing green and blue hydrogen facilities and the first-ever clean production refinery along with its sponsorship and filing for a Permian Basin hydrogen hub under the U.S. Department of Energy (DOE) guidance for funding clean hydrogen infrastructure.

Jack W. Hanks, President, and CEO of MMEX Resources Corp., said, “Today, we proudly announce that Chatsworth Securities LLC will serve as Financial Advisor for the development of our first-in-class clean energy and production facilities in the U.S. along with their selection as the Financial Advisor to the Trans Permian H2Hub if it is selected by the DOE.”

Hanks continued, “As noted in our November 7, 2022 Trans Permian H2Hub announcement, we are developing a green hydrogen project utilizing solar powered Siemens Energy electrolyzer technology and developing a solar powered blue hydrogen-to-power project at the same site to produce hydrogen from natural gas and generate 365 MW of electricity. These projects are being developed alongside our clean production refinery project.”

“We are now able to add Chatsworth Securities to our Team across the board, and to our potential for financing projects with substantial capital requirements. With the hydrogen production potential in the U.S. and critical markets for hydrogen derivatives such as green ammonia and green methanol exports to Europe and Asia, Chatsworth adds a lot of fire power to our potential financing and development efforts.”

Ralph DiFiore, Senior Managing Director of Chatsworth Securities LLC, said “We are excited to be part of the team helping MMEX, a company that we believe will be a leader for the development of hydrogen, green ammonia and green methanol and for clean production refining facilities in the U.S. Chatsworth, which was established in 1996, has over 20 Managing Director level investment bankers with significant energy industry experience. One of our specialties is in financing clean energy projects. We look forward to working closely with the MMEX team for the development of these first of their kind projects.”

The new Trans Permian H2Hub web site includes the MMEX Trans Permian H2Hub presentation, including several maps of the Permian Basin H2Hub region.

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