Page 13 - NorthAmOil Week 21 2021

NorthAmOil NEWS IN BRIEF NorthAmOil

compression service providers with a goal of certification by the Independent Inspector of along with carbon capture.”
no methane left behind!” Elections. MMEX RESOURCES, May 25, 2021
BHE COMPRESSION SERVICES AND PROJECT EXXONMOBIL, May 26, 2021
CANARY, May 26, 2021 Nacero selects Bechtel
ENERGY TRANSITION for development of energy
MOVES
ExxonMobil announces MMEX Resources advances transition infrastructure
solar power hydrogen clean facility in the Permian Basin
preliminary results in fuels and carbon capture Nacero has awarded Bechtel the front-

election of directors end engineering and design (FEED)
contract for the first natural gas-to-gasoline
ExxonMobil said today that based on projects manufacturing facility in the United States.
preliminary vote estimates by its proxy MMEX Resources, a development-stage Nacero’s 115,000 barrel per day plant
solicitor, shareholders have elected eight company focusing on the acquisition, in Penwell, Texas, near Odessa in the
of ExxonMobil nominees to the board of development and financing of oil, gas, heart of the Permian basin, will be the first
directors and two of Engine No. 1 nominees. refining and infrastructure projects in Texas gasoline manufacturing plant in the world
Vote results for five nominees were too close and South America, today announced it has to incorporate carbon capture, carbon
to call. signed project agreements to advance its first sequestration, and 100% renewable power.
“We welcome all of our new directors hydrogen and clean fuels with carbon capture The use of renewable natural gas and
and look forward to working with them projects along with expansion of its site in mitigated flare gas will make it possible to
constructively and collectively on behalf of all Pecos County, Texas. reduce the lifecycle footprint of Nacero’s cost-
shareholders,” said Darren Woods, chairman Jack W. Hanks, president and CEO of competitive, zero sulfur gasoline to zero over
and chief executive officer. MMEX Resources said: “We are expanding time. Nacero’s products will be sold to retailers
“We’ve been actively engaging with our footprint in Pecos County, Texas to in Texas and the Southwest, and through
shareholders and received positive accommodate our solar powered clean Nacero-branded outlets.
feedback and support, particularly for our energy projects which include potential “We are thrilled to partner with Bechtel
announcements relating to low-carbon production of hydrogen and ultra-low sulphur for our flagship facility in Penwell. Bechtel’s
solutions and progress in efforts to reduce transportation fuels, both with carbon capture experience with large-scale projects and
costs and improve earnings. We heard technology. We have signed an agreement commitment to excellence is second to none,”
from shareholders today about their desire to purchase an additional 324 acres adjacent said Jay McKenna, Nacero’s President and
to further these efforts, and we are well to our existing 126-acre site. This will allow CEO. “For America to achieve its domestic
positioned to respond.” us to implement potentially all four process energy and climate change mitigation goals we
ExxonMobil has developed a portfolio components: solar power, production of need big vision and laser-focused execution.
of investment opportunities in high-return, hydrogen, clean transportation fuels, and Bechtel is center stage in helping us get there.”
low cost-of-supply projects. The company carbon capture.” “We are delighted by this opportunity
has also significantly reduced emissions Hanks continued: “Our potential footprint to support Nacero’s pioneering approach
and set clear plans for further reductions to of 450 acres allows expansion of our projects to delivering lower carbon fuel with our
2025, consistent with the goals of the Paris to include more hydrogen production, record of large-scale project success,” said
Agreement. common rail and truck facilities and a solar Paul Marsden, President, Bechtel Energy.
Re-elected ExxonMobil directors were complex with carbon capture. We are also “This project is truly a game-changer. It will
Woods, Michael Angelakis, Susan Avery, announcing today, the commencement of give everyday American drivers a chance to
Angela Braly, Ursula Burns, Kenneth Frazier, our detailed engineering study with Polaris participate in the energy transition and will
Joseph Hooley and Jeffrey Ubben. Elected Engineering with its proprietary “UltraFuels® be a model for the kind of environmental
from Engine No. 1’s nominees were Gregory 2 Plus process,” to utilise the light crude oil improvement America is looking to bring
Goff and Kaisa Hietala. and condensates from the Permian Basin about.”
The outcome was not yet determined to produce finished products of ultra-low On completion of the FEED, Bechtel
for ExxonMobil director candidates Steven sulphur diesel, gasoline, and IMO 2020 will deliver a lump sum, turnkey EPC price
Kandarian, Douglas Oberhelman, Samuel compliant marine fuel oil along with carbon proposal. Bechtel will employ its range of
Palmisano and Wan Zulkiflee, and for Engine capture from all major CO2 sources. The sustainable design and execution tools to
No. 1 candidate Alexander Karsner. A fourth detailed engineering study is the first step bring about carbon reduction in the supply
Engine No. 1 candidate, Anders Runevad, was leading to our potential financing.” chain and reduce the carbon footprint of the
not elected. Gerry Obluda, Principal of Polaris project during construction. Bechtel and
The board will reconsider two shareholder Engineering added, “We are very excited to Nacero have a shared commitment to best in
proposals that received majority shareholder join with MMEX to put this Clean Energy class environmental, social, and governance
approval, which include Item No. 9, calling initiative in motion. Our detailed engineering (ESG) practices.
for a report on lobbying, and Item No. 10, and cost study now underway puts into focus NACERO, May 25, 2021
requesting a report on climate lobbying. our UltraFuels® Plus Clean Energy process
The preliminary vote count is subject to with a 95% reduction of traditional emissions

Week 21 27•May•2021 www. NEWSBASE .com P13