US President Donald Trump introduced that America First Refining will construct a brand new oil refinery in Brownsville, Texas, marking the primary new US oil refinery challenge in 50 years.

In a submit on Fact Social, Trump mentioned the challenge represents a historic $300 billion funding and known as it as the most important deal in US historical past.

The refinery will likely be developed with help from companions in India, together with Reliance Industries, one of many nation’s largest privately held vitality firms.

The power will likely be situated on the Port of Brownsville and is anticipated to strengthen US vitality manufacturing, help home markets and increase exports. Trump mentioned the challenge is geared toward reinforcing US vitality dominance whereas creating 1000’s of jobs and delivering billions of {dollars} in financial impression for the area.

He additionally mentioned the refinery is anticipated to change into one of many cleanest on this planet and can assist strengthen nationwide vitality safety whereas supporting financial progress in South Texas.

“That is what AMERICAN ENERGY DOMINANCE seems like. AMERICA FIRST, ALWAYS!” he added.