(March 11) : President Donald Trump said the US will get its first new oil refinery in 50 years with the help of investment from India’s Reliance Industries Ltd.“I am proud to announce that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS in Brownsville, Texas,” Trump said Tuesday in a post on Truth Social. Element Fuels’ web address now redirects to the website for America First Refining, the company Trump said will open the new refinery. Representatives for Reliance and America First Refining couldn’t immediately be reached for comment. The Trump administration is pursuing a policy of US energy dominance, which promotes increased production of oil, natural gas and coal. Previous efforts to revive greenfield refinery construction have fizzled in the face of massive costs, complicated federal and state permitting requirements, and environmental opposition.

Source: The Edge Markets March 10, 2026 22:47 UTC