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U.S. Department of Energy advances MMEX Resources to final application stage for Trans Permian H2Hub

Pubdate:2023-01-04 15:24 Source:World Oil Staff Click:

(WO) — MMEX Resources Corp., sponsor of the Trans Permian H2Hub announced that The U.S. Department of Energy (DOE) approved its concept paper to advance to the final application stage under the guidance for funding clean hydrogen infrastructure.

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.”

Jack W. Hanks, President and CEO of MMEX Resources Corp and sponsor of the Trans Permian H2Hub said, “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.”

“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.”

Hanks 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.”