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President Trump announced that America First Refining will open the first new U.S. oil refinery in 50 years in Brownsville, Texas.
“THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY, A MASSIVE WIN for American Workers, Energy, and the GREAT People of South Texas! Thank you to our partners in India, and their largest privately held Energy Company, Reliance, for this tremendous Investment. 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. A new Refinery at the Port of Brownsville, will fuel U.S. Markets, strengthen our National Security, boost American Energy production, deliver Billions of Dollars in Economic impact, and will be THE CLEANEST REFINERY IN THE WORLD,” Trump explained.
“It will power Global Exports, and bring THOUSANDS of long overdue Jobs and Growth to a Region that deserves it. This is what AMERICAN ENERGY DOMINANCE looks like. AMERICA FIRST, ALWAYS!” he continued.
President Donald J. Trump announces that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS in Brownsville, Texas. 🇺🇸
This is what AMERICAN ENERGY DOMINANCE looks like. 💪 pic.twitter.com/UTOW7wECCI
— The White House (@WhiteHouse) March 10, 2026
CNBC explained further:
The refinery’s opening coincides with elevated global oil prices driven by the intensifying conflict in the Middle East. Since the start of the U.S.-Israel war on Iran, the prices of crude have been volatile, hitting nearly $120 on Monday. Higher fuel prices are beneficial for shale refiners.
U.S. crude oil was up 1.15% up $84.71 per barrel at 10:38 p.m. ET. Brent crude, the global benchmark, rose 1.33% at $88.98.
Reliance Industries and America First Refining did not respond to a request for comment.
America First Refining said in a statement Tuesday that it received a “9-figure investment from a global supermajor at a 10-figure valuation,” without giving any further details about the investors.
The “same global supermajor” has also signed a 20-year deal to purchase, process, and distribute shale oil sourced and produced stateside, America First Refining added.
The refinery will process 1.2 billion barrels of U.S. light shale oil, valued at $125 billion, and produce 50 billion gallons of refined products worth $175 billion.
“It’s a win for American workers, it’s a win for American consumers, it’s a win for America, and it’s a win for American shale producers,” Secretary of the Interior Doug Burgum said.
Footage below:
“It’s a win for American workers, it’s a win for American consumers… and it’s a win for American shale producers.”
— @SecretaryBurgum on news of the first new U.S. oil refinery in nearly 50 years opening in Brownsville, Texas. pic.twitter.com/dGh8pdNWJZ
— Rapid Response 47 (@RapidResponse47) March 11, 2026
Fox Business has more:
Unlike many existing U.S. refineries that depend on foreign oil, the facility will not require imported crude, which strengthens U.S. national and economic security.
Key advantages of the refinery include the capacity to process 60 million barrels per year of 100% U.S. light shale oil, a strategic location at a deep-water U.S. port, enabling distribution to domestic and international markets and the production of some of the cleanest gasoline, diesel and jet fuel refined at scale in the U.S.
From 2014 to 2024, the U.S. exported nearly 10 billion barrels of crude, while still importing roughly 28 billion barrels, costing American consumers and workers more than $1.8 trillion.
Once operational, the AFR refinery will redirect up to 60 million barrels of U.S. crude annually back into domestic refining, strengthening American industry, energy security and economic growth.
Beyond industrial growth, the company’s website notes it will drive community engagement through educational partnerships and apprenticeships designed to foster long-term social equity and economic stability in the area.
The executive management team collectively has more than a century of experience in the chemical and refining industries, having managed nearly $40 billion in complex capital projects.