MMEX Resources
MMEX Resources is a pre-revenue, publicly held clean energy developer building a Permian Basin ultra-clean fuels refinery (up to 11,600 bpd) and a 570 MW natural gas-to-hydrogen power project, with international expansion into Argentina and Peru.
- Company typePublic
- Founded2010
- HeadquartersFort Stockton, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What MMEX Resources does
MMEX Resources Corporation is a publicly held, SEC-reporting clean energy infrastructure company headquartered in Fort Stockton, Texas, focused on the development of low-emission fuels refining, natural gas and hydrogen power generation, and CO2 capture projects in the Permian Basin and select international markets. Its core US asset platform is built around two co-located Pecos County, Texas projects: the Pecos Clean Fuels & Transport ultra-clean transportation fuels refinery, designed for up to 11,600 barrels per day of feedrate with claimed 95% lower criteria pollutant emissions than traditional US Gulf Coast refineries, and the Trans Permian H2Hub 570 MW (Phase 1) low-carbon natural gas power project, expandable to 640 MW with up to 75% hydrogen blending in Phase 2. Both projects sit on 1,000 acres of owned land with 4.1 million gallons per day of permitted water and up to 1.2 Tbps of fiber connectivity, with an EPC-M contractor and engineering partners Polaris Engineering, Thomas Engineering, and Colwell & Associates supporting execution.
The business model is project development rather than recurring software or services revenue. Anticipated revenue streams include refined fuels sales (zero sulfur gasoline, ultra-low sulfur diesel, low-sulfur fuel oil), electric power sold either behind-the-meter to data center operators or into the ERCOT Far West regional market, blue hydrogen for internal refinery use and external sale, captured CO2 marketed to super major oil companies for EOR, and international project economics in Argentina and Peru covering solar, clean fuels refining, and hydrogen-to-ammonia export. The company is pre-revenue, with both core US projects in pre-FID or development phases, and has historically relied on capital markets and affiliated entity Maple Resources Corporation to fund activity. Customer concentration is structurally high given the dependence on a small number of large offtake counterparties and a single integrated site, which is a material execution and counterparty risk relative to the pipeline of potential revenue streams.
MMEX Resources firmographics
Firmographics- Name
- MMEX Resources
- Legal name
- MMEX Resources Corporation
- Website
- https://mmexresources.com
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- MMEX Resources is a pre-revenue, publicly held clean energy developer building a Permian Basin ultra-clean fuels refinery (up to 11,600 bpd) and a 570 MW natural gas-to-hydrogen power project, with international expansion into Argentina and Peru.
- Ownership category
- akta.pro rank
MMEX Resources industry classification
Industry- Product category
- Clean Energy Infrastructure and Petroleum Refining
- NAICS
- Petroleum Refineries (32411), Fossil Fuel Electric Power Generation (221112)
- SIC
- Petroleum Refining (2911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Refinery Hydrogen & Utilities Systems (SMR/ATR, Steam, Power, Water) (EUALAGAI)
- akta.pro secondary industry
- Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK)
Keywords
Where MMEX Resources is headquartered
LocationHeadquarters
- HQ city
- Fort Stockton
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
MMEX Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Refined Fuels Sales: Revenue from sale of transportation-grade finished products including zero sulfur 87 degree gasoline, ultra-low sulfur diesel, and low-sulfur fuel oil produced at the Pecos Clean Fuels refinery. Products marketed to regional distributors and end users.
- Electric Power Generation & Sales: Revenue from 570 MW natural gas power generation sold to data centers (behind-the-meter) or dispatched to ERCOT Far West, the Texas power regional pricing and trading hub. Phase 2 expansion planned to 640 MW.
- Hydrogen Production & Sales: Blue hydrogen production using reformer technology, with initial 75% hydrogen and 25% natural gas blend for power generation. Hydrogen also planned as fuel gas for the Pecos Clean Fuels refinery generating zero CO2 emissions.
- CO2 Capture & Resale: CO2 capture and production facility with captured CO2 marketed to super major oil companies for potential use in EOR or other applications.
- International Project Development: Clean energy project development in Argentina and Peru including solar power, clean fuels refineries, and hydrogen to ammonia export projects.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
MMEX Resources product offering
Product offeringCore offering
MMEX Resources develops, finances, and operates clean energy infrastructure projects focused on two core assets in Pecos County, Texas: (1) the Pecos Clean Fuels & Transport ultra-clean transportation fuels refinery (up to 11,600 bpd feedrate) producing zero sulfur gasoline, ultra-low sulfur diesel, and low-sulfur fuel oil with 95% lower criteria pollutant emissions than traditional refineries, and (2) the Trans Permian H2Hub low-carbon natural gas power generation facility (570 MW Phase 1, expandable to 640 MW) with future blue hydrogen integration. The company also develops international clean energy projects in Argentina and Peru including solar, hydrogen-to-ammonia exports, and additional refinery capacity.
Product overview
MMEX Resources operates as a resource development company focused on clean energy solutions in the Americas. The company's portfolio consists of two core projects: (1) the Ultra Clean Fuels Refining project in Pecos County, Texas, producing near-zero emissions transportation fuels including gasoline, diesel, and fuel oil; and (2) the Low Carbon Natural Gas Power Generation project delivering 570 MW of data center-ready power with future hydrogen integration capabilities. These projects are developed through wholly-owned subsidiaries Pecos Clean Fuels & Transport, LLC and Trans Permian H2Hub, LLC, with international expansion initiatives in Argentina and Peru.
Differentiator
Problem solved
Functional benefit
Products and services
- Ultra Clean Fuels Refining – Permian Basin, TX Ultra-clean transportation fuels refinery project in Pecos County, Texas with up to 11,600 barrel per day feedrate, producing zero sulfur 87° gasoline, ultra-low sulfur diesel, and low-sulfur fuel oil. Uses the Ultra Fuel configuration with criteria pollutant emissions approximately 95% lower than traditional US Gulf Coast refineries, built via modular fabrication and shipped to site for an 18-month project completion timeframe. Targeted at regional transportation fuel distributors and end users in the Permian Basin.
- Low Carbon Natural Gas Power Generation – Permian Basin, TX Clean energy infrastructure project in Pecos County, Texas using high-efficiency gas turbines in a 6x1 combined cycle configuration (CCPP) with 570 MW capacity in Phase 1 and planned expansion to 640 MW in Phase 2 with up to 75% hydrogen fuel blend. Includes up to 1.2 Tbps fiber optic connectivity for data center operations, CO2 capture facility, and 23 MW of behind-the-meter renewables. Power sold to data centers behind-the-meter or dispatched to ERCOT Far West.
Quantifiable outcome
- 95% lower criteria pollutant emissions compared to traditional US Gulf Coast refineries
- +5 more outcomes
Companies that use MMEX Resources
Customer profileSegments4 records
Ideal customer profiles4 records
MMEX Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
MMEX Resources partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, major and minor.
- Argentina Santa Cruz Province (Governor Claudio Vidal)coreMMEX signed MOU with Argentina Santa Cruz Province Governor Claudio Vidal to develop, finance, and build a clean fuels crude oil refinery in the province. This is a key international partnership for expanding clean fuels refining capacity into South America.
- Polaris EngineeringcoreEngineering partner for ultra-clean transportation fuels refinery development. Completed FEED (Front End Engineering Design). EPC Agreement on Not-to-Exceed basis and O&M Agreement finalized. Co-founders Gerry Obluda and Michael J. Nodier serve in engineering operations management roles.
- Thomas Engineering Inc.coreBill Thomas, President & CEO P.E. of Thomas Engineering Inc., serves in Power Projects & Engineering leadership. Thomas Engineering provides engineering expertise for the low carbon natural gas power generation project.
- Colwell & Associates EngineeringcoreMichael E. Colwell, P.E. President of Colwell & Associates Engineering, serves in Power Projects & Engineering leadership for the Trans Permian H2Hub project.
- International Engineering Major (EPC-M Contractor)majorEPC-M (Engineering, Procurement, and Construction Management) awarded to an international engineering major for the ultra-clean fuels refining project.
- Tejas ConsultingminorMike Milam from Tejas Consulting serves in the Engineering Operations Logistics Management team.
- Super Major Oil Companies (Natural Gas Partnership)coreTrans Permian H2Hub planning discussions with a super major oil company to utilize its natural gas in the Permian Basin for the Natural Gas & Blue Hydrogen to Power Project. CO2 also marketed to another super major oil company.
- Renewable Energy Power Providersmajor23MW secured renewable power for the refinery: 19MW PPA (Power Purchase Agreement) with renewable provider plus 4MW on-site renewable generation. Project plans to utilize wind and solar power as energy source.
Scale indicators10 records
Recent moves12 records
Expansion highlights5 records
MMEX Resources competitors and assessment
Company assessmentDirect peers
- PBF Energy: Independent US petroleum refiner with ~1M bpd capacity across multiple facilities. Direct comparable to MMEX's planned 11,600 bpd clean-fuels refinery serving wholesale fuel markets, though at much larger scale.
- Calpine Corporation: Largest US independent power producer with combined-cycle gas-fired fleet and growing data center exposure (now under private ownership post-Energy Capital Partners take-private). Strong analog for natural-gas CCPP economics and data center PPAs relevant to MMEX's Permian power project.
- Vistra Corp: Largest independent power producer in Texas with significant natural gas and nuclear capacity, including behind-the-meter data center deals. Direct comparable for MMEX's 570-640 MW Permian CCPP project dispatched to ERCOT Far West.
- HF Sinclair (HollyFrontier): Independent refiner with significant renewable diesel and low-carbon fuel initiatives plus midstream/power assets. Comparable to MMEX's strategy of integrating refining with adjacent clean energy.
- Delek US Holdings: Mid-sized independent refiner with Permian and midstream exposure, including renewable diesel projects. Closely aligned with MMEX's focus on Permian crude processing and lower-carbon fuels.
Emerging players
- Talen Energy: Independent power producer with flagship behind-the-meter data center power sales (e.g., AWS Susquehanna agreement). Comparable business model for MMEX's pursuit of behind-the-meter PPAs with Texas data centers.
- Gevo: Renewable fuels and sustainable aviation fuel (SAF) developer pursuing smaller-scale, lower-carbon fuel projects. Adjacent to MMEX's Ultra Fuel approach and similar modular/distributed model.
Broad incumbents
- NextEra Energy: Largest renewable energy developer globally with significant low-carbon and hydrogen initiatives. Comparable in low-carbon power ambition, though operates at vastly greater scale and across multiple technologies.
- NRG Energy: Large integrated power retailer and generator with significant Texas (ERCOT) presence and growing data center vertical. Adjacent competitor for power offtake, though far broader portfolio than MMEX.
- Marathon Petroleum: Largest US refiner with midstream and renewable diesel (Dickinson) operations, including hydrogen and CCS pilots. Comparable strategic direction but operates at vastly larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
MMEX Resources social profiles
Digital presenceMMEX Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
MMEX Resources leadership team
Management profileNumber of profiles
Profiles11 records
MMEX Resources subsidiaries and ownership
Company hierarchySubsidiaries3 records
MMEX Resources funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MMEX Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MMEX Resources
What does MMEX Resources do?
MMEX Resources develops, finances, and operates clean energy infrastructure projects focused on two core assets in Pecos County, Texas: (1) the Pecos Clean Fuels & Transport ultra-clean transportation fuels refinery (up to 11,600 bpd feedrate) producing zero sulfur gasoline, ultra-low sulfur diesel, and low-sulfur fuel oil with 95% lower criteria pollutant emissions than traditional refineries, and (2) the Trans Permian H2Hub low-carbon natural gas power generation facility (570 MW Phase 1, expandable to 640 MW) with future blue hydrogen integration. The company also develops international clean energy projects in Argentina and Peru including solar, hydrogen-to-ammonia exports, and additional refinery capacity.
Is MMEX Resources a public or private company?
MMEX Resources is a public company. It is classified as public and is currently operating.
When was MMEX Resources founded?
MMEX Resources was founded in 2010. It employs 51 to 100 people.
Where is MMEX Resources based?
MMEX Resources is headquartered in Fort Stockton, United States, in the North America region.
How does MMEX Resources make money?
Five revenue lines are on record. Refined Fuels Sales are the primary driver. The others are electric Power Generation & Sales, hydrogen Production & Sales, CO2 Capture & Resale and international Project Development.
Who are MMEX Resources's main competitors?
Direct peers on record are PBF Energy, Calpine Corporation, Vistra Corp, HF Sinclair (HollyFrontier) and Delek US Holdings. Emerging players are Talen Energy and Gevo. Broad incumbents are NextEra Energy, NRG Energy and Marathon Petroleum.
Does MMEX Resources have an API?
No public API is recorded for MMEX Resources.
What industry is MMEX Resources in?
MMEX Resources's product category is Clean Energy Infrastructure and Petroleum Refining. Its primary akta.pro industry code is EUALAGAI, Refinery Hydrogen & Utilities Systems (SMR/ATR, Steam, Power, Water), with a secondary code of EUAAAHAK, Biofuel Plant EPC, O&M & Process Technology Providers. Its NAICS code is 32411 and its SIC code is 2911.