US President Donald Trump announced plans for a new $300 billion oil refinery in Texas.
The project is expected to be built at the Port of Brownsville.
Trump said it would be the first new U.S. refinery constructed in fifty years.
He announced the project Tuesday in a post on Truth Social.
Trump wrote quote America is returning to REAL ENERGY DOMINANCE.
He called the refinery a historic investment supporting American workers and energy production.
Officials say the refinery would supply domestic markets and support global energy exports.
Trump said international partners including India’s Reliance energy company will participate.
The administration links the investment to policies reducing regulations and lowering taxes.
Trump said the refinery would boost economic activity and create thousands of jobs.
The project aligns with the administration’s push to expand domestic energy production.
