MMEX Resources Corp. said it plans to produce hydrogen and sequester carbon at one of its existing crude oil and distillation sites in West Texas, with an eye to expanding operations across the state.

MMEX Resources

The Fort Stockton, TX-based operator focuses on acquiring, developing and financing oil and gas refining and infrastructure projects in Texas and South America. It recently announced plans to modify the business to incorporate “clean energy use and production.”

“We announced negotiations with a European co-developer partner to develop and finance a hydrogen project with carbon capture” at the Pecos County site, CEO Jack W. Hanks said. 

The partner was not disclosed. However, the project would employ “steam methane reformer technology with the abundant natural gas...