The proposed project, valued at $300 billion, is planned at the Port of Brownsville in Texas and was described by Trump as the “biggest in U.S. history.”
Trump made the announcement late Tuesday on his social media platform Truth Social, stating that the refinery would be built by America First Refining with investment backing from Reliance Industries, India’s largest private sector company.
“Today I am proud to announce that America First Refining is opening the first new U.S. oil refinery in 50 years in Brownsville, Texas,” Trump wrote, adding that the development represents a “historic $300 billion deal.”
The refinery is proposed to be built at the Port of Brownsville, a major shipping hub along the U.S. Gulf Coast, and is expected to supply fuel to domestic markets while also supporting U.S. energy exports globally.
“A new refinery at the Port of Brownsville will fuel U.S. markets, strengthen our national security, boost American energy production, and deliver billions of dollars in economic impact,” Trump said in the post.He also said the facility would incorporate advanced environmental standards, describing it as “the cleanest refinery in the world”.
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According to Trump, the project is expected to generate thousands of jobs and spur economic activity in South Texas.
“It will power global exports and bring thousands of long overdue jobs and growth to a region that deserves it,” he said.
Trump also linked the project to his administration’s economic agenda, stating that streamlined permitting and lower taxes had encouraged large-scale investments.
“It is because of our America First agenda, streamlining permits and lowering taxes, that have attracted billions of dollars in deals coming back to our nation,” he said.
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