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Trump Announces U.S. to Build First New Refinery in 50 Years with Reliance Industries Investment

Mar 11, 2026 03:40 UTC

President Trump announced plans for the first new U.S. refinery in half a century, backed by a major investment from India's Reliance Industries. The project will be located in Texas.

  • President Trump announced the first new U.S. refinery in 50 years
  • The refinery will be located in Texas
  • Reliance Industries, India's largest private energy company, is investing
  • The project represents a major international energy collaboration
  • No specific investment amount was disclosed beyond Reliance's participation

President Trump revealed plans for the construction of the first new oil refinery in the United States in 50 years, marking a significant shift in domestic energy infrastructure. The project will be developed in Texas, a key energy hub in the U.S. The initiative is supported by a substantial investment from Reliance Industries, India’s largest private energy company. While specific financial details beyond the company's involvement were not disclosed, the announcement underscores growing international interest in U.S. energy assets. The move signals a potential revival in domestic refining capacity, which has remained stagnant for decades. The project could have wide-ranging implications for U.S. energy independence, job creation, and international energy partnerships.

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