Donald Trump has announced that a new oil refinery project will be developed in Brownsville, Texas, describing it as the first new US refinery to be built in nearly 50 years.
US President Donald Trump said America First Refining was opening the first US oil refinery in 50 years in Texas and indicated that India’s Reliance Industries would also be investing in it.
In a post on microblogging site X, Trump said, “Today I am proud to announce that America First Refining is opening the first new US Oil Refinery in 50 years in Brownsville Texas. This is a historic $300 billion deal – the biggest in US history…”
He went on to thank “our partners in India, and their largest privately held energy company, Reliance for this tremendous investment.”
Confirming the construction of the oil refinery, America First Refining, in a statement, said that in February it had received “a 9-figure investment from a global supermajor at a 10-figure valuation.” It added that it had signed a “binding 20-year offtake term sheet with the same global supermajor that secures commitments to purchase, process, and distribute American-produced energy exclusively sourced from American shale oil.”
It, however, did not disclose any names, but said the facility will have capacity to process 60 million barrels per year of US light shale oil. Its strategic location at a deepwater port would enable easy distribution to the domestic and international markets.
America Refining said it expected to break ground on the new refinery in the second quarter of 2026.
Sources businessline spoke to indicated that RIL’s involvement in the project was still in the works and that the details were in the process of being worked out. The final agreement was yet to be signed, said multiple sources with knowledge of the development.
RIL is not the only partner in the project and there are other companies investing in it, the sources added.
An email sent to RIL seeking confirmation of its investment and details of the project, did not receive a response. The company has not made an official statement.
Strategic investment
RIL’s investment in the US energy sector is seen as a significant component in the India-US trade negotiations. US has a shortage of refining capacity and RIL, as the world’s largest refiner, can play a critical role here, analysts say.
The company also stands to benefit from the deal. The US is a market for petchem, and petroleum products and RIL has a long-term ethane import contract.
In his post, Trump called the investment the largest in US history and a “massive win for American workers, energy and the great people of South Texas.”
The refinery is expected to fuel US markets, boost energy production and “deliver billions of dollars in economic impact,” according to Trump.
Published on March 11, 2026
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