MMEX exploring wind power-based green H2 project in Argentina

US energy firm MMEX Resources Corp (OTCMKTS:MMEX) has teamed up with the provincial government of Tierra del Fuego, Argentina, to explore a green hydrogen project underpinned by a 160-MW wind farm in the Rio Grande area.

MMEX said on Thursday the potential project would be aimed at producing 55 tonnes of hydrogen per day. The company would invest USD 500 million (EUR 476.8m) to develop the scheme, CEO Jack W Hanks, stated.

The final objective of this initiative would be to implement a green hydrogen node destined to export the fuel to Europe and Asia, the governor of the Tierra del Fuego province, Gustavo Adrian Melella, was quoted as saying in MMEX's press release.

MMEX said it had recently completed a front-end engineering design study with electrolysis equipment manufacturer Siemens Energy AG (ETR:ENR) for the Tierra del Fuego hydrogen project.

The company also signed a memorandum of understanding (MoU) with Siemens Energy and wind turbine maker Siemens Gamesa Renewable Energy SA (BME:SGRE) to define the wind power aspects of the Argentine undertaking, according to the press release.

(USD 1.0 = EUR 0.954)

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