Clean Refining & Clean Power Projects
Project 1: Pecos County, Texas Ultra Clean Fuels Refining
We have teamed with Polaris Engineering to develop a clean refining, 10,000 barrel per day facility at our Pecos County site to produce 87° gasoline, ultra-low sulfur diesel, and low-sulfur fuel oil, utilizing the Ultra Fuels concept. The Ultra Fuels concept features small size facilities to take advantage of proximity to smaller markets and/or locate directly near crude oil production areas.
Project 2: Arroyo Cabral, Cordoba Province Argentina Solar Power Project
The Company along with its international partners have entered a [letter of intent] with EPEC, the local utility in Cordoba Province to build potentially the Arroyo Cabral 48 MWe solar park for local power demand following the Company’s development of a confidential information memorandum and pre-feasibility study for the project. The financing of the project is to be provided by the Company’s international partners and other third parties.
Hydrogen Global Projects
Project 1: Pecos County, Texas – Green Hydrogen Project
This planned project will be a parallel plant in Pecos County, which plans to utilize the proprietary electrolyzer technology of a major international technology partner. The facility will utilize solar power, with water purification, to produce up to 50 tons of hydrogen production per day.
Project 2: Tierra del Fuego Province Argentina – Green Hydrogen Project
The Province of Tierra del Fuego and the Company announced the potential joint development of a green hydrogen project in the Río Grande, Tierra del Fuego area powered by wind energy. The Company has signed an MOU with Siemens Energy to adapt the Green H2 electrolyzer FEED Study completed for Pecos County to this Project. In addition, the Company has a MOU with Siemens Gamesa as the technology provider for the wind energy.
Project 3: Tangier Morocco – Green Hydrogen Project
The Company has identified sea-based land assets in Tangier Morocco and is in negotiations for the supply of 160MWe of certified renewable power with local utility Nareva. The Company’s international partners for the Cordoba Argentina project are also its partners for the Tangier project.
Project 4: Southern Coast of Peru – Green Hydrogen Project
The Company has entered an [MOU] with Peru’s principal electric power distribution company, Luz del Sur, committing to develop a Green Hydrogen project to produce up to 55 tons per day of hydrogen, requiring 160 MWe of constant and certified renewable power load. The Company will use its Siemens Energy Electrolyzer FEED template and adapt it for Peru.
Project 5: Pecos County, Texas – Blue Hydrogen Project
The Company is in discussions with a super major oil company (the “Super Major”) to jointly develop a Blue Hydrogen project at the Company’s Pecos County, Texas site. The Project plans to utilize a portion of the Super Major’s 2 billion cubic feet per day natural gas production and transportation from the area to produce hydrogen utilizing a steam methane reformer technology along with carbon capture.