Texas to Build US$300 Billion Mega Refinery
Texas is set to receive one of the largest energy investments in its history with the development of a mega refinery valued at US$300 billion, a project poised to reshape the U.S. oil industry.
The new facility will be located in Brownsville and will be led by Reliance Industries in partnership with America First Refining. It would be the first new oil refinery built in the United States in roughly 50 years, underscoring the scale and significance of the initiative.
The deal includes an estimated US$300 billion investment over a 20-year period, tied to a long-term agreement for the purchase and distribution of refined fuels. This arrangement is expected to secure demand in international markets and provide long-term financial viability for the project.
In operational terms, the refinery is projected to begin with an initial capacity of around 50,000 barrels per day by 2027, with plans to gradually expand output to approximately 160,000 barrels per day.
The project aims to strengthen U.S. energy security, boost domestic production, and reduce reliance on imports, particularly by leveraging shale oil from the Permian Basin.
Beyond its impact on energy supply, the investment is expected to generate thousands of jobs and drive significant economic activity in South Texas, reinforcing the region’s role as a strategic hub in the global hydrocarbons market.
Construction is scheduled to begin in the second quarter of 2026, marking a major shift in U.S. refining infrastructure, which has not seen a project of this magnitude since the mid-20th century.
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