MMEX Resources Corp. has applauded the Texas Department of Transportation’s (TxDOT) plans to use a US$7 million federal grant from the US Department of Transportation to strengthen existing rail infrastructure in the Permian Basin.
The funds are expected to help rebuild the Presidio-Ojinaga International Rail Bridge and 72 miles of track on the South Orient Rail Line that run from the Mexico border to near Coleman.
Jack W. Hanks, President and CEO of MMEX Resources Corp., commented, “TxDOT’s planned recompletion of the bridge at Presidio-Ojinaga and improvements of the rail line from Alpine, Texas to Presidio are a major step for exporters and importers of all commercial goods from Western Mexico out of and into the West Texas Permian Basin area. We located our proposed refinery site on the railroad in Pecos County, Texas precisely for this reason.”
The Texas Pacifico-South Orient railroad offers MMEX rail access to Western Mexico including its Pacific deep water ports, the Dallas-Fort Worth – Mid-Continent Region and the Texas Gulf Coast Ports thru the various interconnections of the Texas Pacifico-South Orient railroad to the Union Pacific, Burlington Northern Santa Fe, Fort Worth and Western, Kansas City Southern and Ferromex rail lines and allows for the US marketing of refined products and exports internationally.
Hanks confirmed that MMEX recently closed on the initial land purchase for its proposed refinery site and filed its permit application with the Texas Commission on Environmental Quality (TCEQ).
MMEX plans to construct a Phase I, 10 000 bpd crude distillation unit, as well as a Phase II, 50 000 bpd refinery on the site.
Read the article online at: https://www.hydrocarbonengineering.com/refining/11082017/mmex-applauds-txdot-plan-to-rebuild-mexico-rail-bridge/
