It’s small when you compare it to the top ten largest U.S. refineries, most located on the Gulf coast, all having capacities between 300,000 barrels and half a million barrels per day, but a small Texas-based energy company has announced its intention to build a 50,000-barrels per day crude oil refinery in a well-selected location: in the heart of the Permian basin.

MMEX Resources Corporation (ticker: MMEX) said it will need $450 million to build the proposed refinery 20 miles northeast of Fort Stockton, Texas, near the Sulfur Junction spur ...


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