Historic New Oil Refinery: Reliance Partners in $300 Billion US Mega Project

Reliance Industries partners with America First Refining to build the first new US oil refinery in 50 years, located in Brownsville, Texas, focusing on US shale oil. This historic project, valued at $300 billion, aims to boost American energy production and improve trade imbalances.

Reliance Industries, led by billionaire Mukesh Ambani, is set to collaborate with America First Refining (AFR) in establishing the first new oil refinery in the United States in 50 years. The announcement, shared by former US President Donald Trump, highlights this venture as a significant $300 billion deal meant to reshape the energy landscape.

Situated in Brownsville, Texas, the refinery will exclusively use US shale oil. The groundbreaking is projected for the second quarter of 2026, marking a pivotal milestone in American energy production. Reliance has committed to purchasing fuels over a 20-year period, underscoring the project's strategic importance.

AFR, led by Element Fuels CEO John Calce, anticipates substantial economic impacts, including improvements in the US trade balance by $300 billion. This initiative is set to invigorate the domestic energy sector and fortify national security amid current geopolitical tensions affecting global oil markets.

(With inputs from agencies.)