other material
confidence medium
sentiment neutral
materiality 0.45
MMEX Resources provides project updates: green H2 tender bid, JV with Polaris EPC, DOE H2Hub alternate
MMEX Resources Corp
- Filed bid to supply up to 209,300 tons green ammonia (24,946 tons H2) to a super major petroleum company with delivery via Louis Dreyfus.
- Entered LOI with EarthEn to explore CO2-based thermal mechanical solution for hourly matching under proposed 45V hydrogen rules.
- Formed JV with Polaris EPC for engineering and construction management of Permian Basin clean energy projects (50+ professionals).
- Trans Permian H2Hub selected as alternate for DOE H2Hub funding; awaiting final award with first 7 hubs.
- Litigation with Sabby Warrant Fund: contempt order overturned, exchanging settlement proposals; company in compliance.