MMEX Resources Corp., a development-stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, today announced it has signed the project agreement for its first hydrogen with carbon capture project at its existing site in Pecos County, Texas.

"We previously announced our intention to modify our business plan moving MMEX to clean energy use and production," said Jack W. Hanks, President and CEO of MMEX Resources Corp. "We announced negotiations with a European co-developer partner to develop and finance a hydrogen project with carbon capture at the MMEX Pecos County, Texas site employing steam methane reformer technology with the abundant natural gas supplies in the immediate area as the feedstock."

"We now have signed our first Project Agreement with our European partner, Black Tree Energy Group, SCM and their special purpose U.S. company, V Engineering & Consulting, LLC."