Austin company plans to build $450 million refinery in Permian Basin

A Texas oilman who made a name for himself building fossil fuel infrastructure in Latin America has returned his sights back to his home state.
Now, as president, CEO and chairman of the board at Austin-based MMEX Resources Corp., Jack Hanks is spearheading plans to build a $450 million refinery in West Texas.
If approved, the proposed facility in Pecos County in the Permian Basin would be able to process up to 50,000 barrels of crude oil per day and convert it into gasoline, diesel, jet fuel,…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal

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