WASHINGTON — President Donald Trump on Tuesday touted a serious step towards American vitality dominance, asserting the opening of what he known as the primary new U.S. oil refinery in 50 years in Brownsville, Texas, by a partnership involving America First Refining and India’s Reliance Industries.
In a publish on Fact Social, Trump described the venture as a “$300 billion greenback deal,” the most important in U.S. historical past, credited his administration’s “America First” insurance policies, together with streamlined allowing and tax reductions, for drawing the funding again to america.
“America is returning to REAL ENERGY DOMINANCE!” Trump wrote. He highlighted advantages together with strengthened nationwide safety, boosted home manufacturing, billions in financial impression, hundreds of jobs for South Texas, and positioning the ability as “THE CLEANEST REFINERY IN THE WORLD.”
The announcement ties to ongoing efforts by the Trump administration to advertise fossil gasoline manufacturing and exports, with latest visits to Texas vitality hubs like Corpus Christi, emphasizing deregulation and LNG enlargement.
The Port of Brownsville has lengthy been eyed for main vitality tasks. A separate proposal by Component Fuels Holdings for a hydrogen-powered refinery there, touted as the primary important new U.S. refinery in a long time, superior in 2024 with plans for operation round 2027, aiming to course of shale oil into clear fuels with near-zero emissions.
Particulars on whether or not the America First Refining venture represents a brand new improvement, a rebranding, or an enlargement of prior plans stay unclear from public sources.
Trump thanked Reliance, India’s largest privately held vitality firm, for its “great funding” and mentioned the refinery will gasoline U.S. markets, help world exports, and ship what he mentioned was “lengthy overdue” financial development to the area.
The final main greenfield refinery within the U.S. opened within the Nineteen Seventies, with most subsequent tasks restricted to expansions at present websites because of regulatory, financial, and environmental constraints.
No rapid impartial affirmation or detailed venture timeline was accessible from America First Refining or Reliance Industries following the announcement.
Trump concluded his publish: “That is what AMERICAN ENERGY DOMINANCE appears to be like like. AMERICA FIRST, ALWAYS!”
