The share price of MMEX Resources Corporation has decreased -16.98% to $0.0044 on Wednesday with a day range of $0.0104 to $0.0041. In the last month, MMEX shares surged over 450.00%; with a monthly volume of over 1.18B shares. On a three-month basis, MMEX gained over 4300.00% while the average volume for the stock was 627.16M.
MMEX Resources Corporation is a development stage company involving oil, gas, petroleum products, and the distribution of electric power. Oil and gas exploration, development, and financing activities are the principal focus of MMEX in Texas, Peru, and other Latin American countries.
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February 8, 2008, MMEX Resources Corp. (OTCPK: MMEX) intends to use solar energy to produce hydrogen and ultra-low sulfur fuels using carbon dioxide captured in Texas.
“We are announcing a modified business plan to move MMEX towards clean energy use and production,” said Jack W. Hanks, President and CEO of MMEX Resources Corp. By using solar power to generate hydrogen with carbon capture and making ultra-low sulfur transportation fuels in the interim, Total plans to contribute to the clean energy solution, he added.
February 2, 2008, Vfuels has announced the start-up of the Detailed Design and Engineering for the Phase 1 Crude Distillation Refinery for MMEX Resources and Pecos Refining and Transport in Pecos, Texas.
With over 15 years of oil and gas engineering, fabrication, and design experience, VFuels specializes in modular refinery process equipment. Vfuels manufactures its modular equipment in controlled conditions in Houston, Texas, assembles and tests it before shipping overseas or domestically, and then installs it on site much faster than traditional construction could.
One of the most important factors to consider,
Several of the major members of the energy industry, and in particular the oil companies, have been hesitant to adopt these new technologies, instead of relying on the business model that made them so profitable for the past fifty years.