Building an Integrated Refining
and AI Infrastructure Platform
CoreX Energy is developing onsite natural gas power generation integrated with owned and operated refining and AI data center assets to improve reliability, lower operating costs, accelerate deployment, and support scalable growth.
CoreX is a power-led infrastructure strategy where we recognize that Power is Power.
Why CoreX?
CoreX is built around a simple idea - power is central to the economics of both refining and AI infrastructure. By developing onsite natural gas generation alongside owned and operated assets, CoreX is seeking to create a more reliable, lower-cost operating model with room to scale across multiple energy-intensive sectors and regions. The Company believes owning the power enables grid independence, accelerated deployment, enhanced reliability, lower operating costs, and scalability.​​
Utah Development
CoreX’s first major development is expected to be located on approximately 469-acres in Northeastern Utah, where the Company plans to develop a refinery as the initial project, followed by an AI data center, each supported by onsite power generation using locally produced natural gas. By sequencing development in this manner, CoreX believes both projects can benefit from shared power generation, common infrastructure, economies of scale, and lower overall development and operating costs. With constrained regional gas takeaway capacity and associated natural gas flaring, CoreX believes the site also demonstrates a potentially repeatable model that could be expanded into other oil and gas producing regions.
​​PowerGen
CoreX is focused on oil and gas producing regions where onsite power can improve reliability, accelerate deployment, and lower operating costs.
Behind-the-fence natural gas generation is the common foundation of the CoreX platform. It will provide reliable, dedicated power for the refinery and AI data center, while preserving the option to sell surplus electricity into the grid or to nearby high-demand customers. By pairing energy infrastructure directly with industrial and digital load, CoreX enhances power reliability, improves cost visibility, and enables regional growth beyond traditional utility constraints.
​​Refinery
CoreX seeks to benefit from advantaged crude access, modular refinery design, low unit operating costs, and next-generation refining technologies intended to position the facility to be among the cleanest in the US.
CoreX is positioned to address a compelling market opportunity in U.S. refining, driven by growing demand for diesel and jet fuel, favorable in-basin crude price differentials, and an industry backdrop shaped by refinery closures and an aging domestic asset base.
CoreX is advancing a 50,000 BPD refinery in Duchesne County, Utah. The Company anticipates securing the required Utah refining permit within 9-12 months and, through a modular design approach, believes Phase-1 can be operational in approximately two years. Initial production is planned to include diesel, jet fuel, and waxy bottoms, with Phase-2 intended to expand into refined wax and lubricant production.
​​AI Datacenter
Designed to capitalize on scalable infrastructure, reliable low-cost power, and strategic integration across CoreX’s broader planned asset base, with 500 MW of estimated power capacity.​
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​CoreX believes this model can enable more productive use of regional natural gas resources, help reduce flaring, and over time contribute to the displacement of coal-fired generation in the state.
CoreX believes its Utah site is well positioned for large-scale AI data center development. The project is expected to benefit from planned onsite natural gas generation, strategic proximity to the Salt Lake City POP, access to major fiber networks, and water available for cooling through a dedicated water treatment facility intended to serve both the data center and refinery.
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CoreX believes the site can support large-scale digital infrastructure with limited community impact while creating meaningful employment and broader economic benefits for the region. Designed to operate independently of the local grid, the project is intended to supply its own power without increasing local electricity costs, while preserving the flexibility to provide grid support when needed.​​​