Reliance To Invest In First New US Oil Refinery In 50 Years, Says Trump

President Donald Trump announced on Tuesday that a major new oil refinery project, described as the first significant facility of its kind in the United States in nearly half a century, is set to be constructed with substantial backing from India’s Reliance Industries.

In a post on his Truth Social platform, Trump declared the initiative a landmark achievement, labeling it a “$300 billion dollar deal — the biggest in US history.” He positioned the project as a key element of his energy dominance agenda, emphasizing its potential to boost American energy production, strengthen national security, fuel domestic markets, and generate billions in economic benefits, particularly for South Texas.

The refinery will be developed by America First Refining at the Port of Brownsville in Texas. Trump extended thanks to “our partners in India, and their largest privately held Energy Company, Reliance,” for what he called a “tremendous investment,” though he provided no specific details on the extent of Reliance’s financial involvement.

Reliance Industries, India’s largest privately held conglomerate, operates the world’s biggest refinery complex at Jamnagar. The announcement aligns with efforts to expand U.S. refining capacity focused on domestic resources.

According to the America First Refining website, the company is linked to Element Fuels, which initially outlined plans in 2024 for a Brownsville refinery estimated to cost between $3 billion and $4 billion. The facility is touted as the first new refinery on the Gulf of Mexico since the 1970s and the only one engineered to process 100 percent American shale oil.

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Trump highlighted additional advantages, including the creation of thousands of jobs and the construction of what he described as “the cleanest refinery in the world.” He attributed the deal’s progress to his America First policies, including streamlined permitting and reduced taxes, which he said have drawn significant investments back to the nation.

The announcement, reported by AFP, underscores ongoing efforts to revitalize U.S. energy infrastructure amid global shifts in oil markets. No further specifics on timelines, exact investment breakdowns, or regulatory approvals were detailed in the president’s statement.