Trump Announces $300 Bn Texas Refinery Plan with Reliance Industries

India’s energy giant Reliance Industries is expected to play a key investment role in a massive oil refinery project planned in Texas, after U.S. President Donald Trump announced what he called a “historic $300-billion deal” aimed at boosting American energy production and infrastructure.

Key Highlights

• Reliance Industries plans major investment in Texas refinery as Donald Trump announces $300 billion energy project.
• Proposed Brownsville refinery aims to boost US refining capacity, jobs, and strengthen global energy infrastructure.

The refinery is proposed to be developed at the Port of Brownsville in Texas by energy venture America First Refining and would mark the first new oil refinery built in the United States in nearly 50 years, according to officials familiar with the plan.

Announcing the project on his Truth Social platform, Trump described the initiative as a milestone for the American energy sector. “Today I am proud to announce that America First Refining is opening the first new U.S. oil refinery in 50 years in Brownsville, Texas. This is a historic $300 billion deal,” he said, thanking Indian partners including Reliance for their investment support.

According to project details, the refinery is expected to process roughly 168,000 barrels of crude oil per day, primarily American light shale oil sourced from the Permian Basin. The facility will also be designed to produce large volumes of refined products such as diesel, jet fuel and gasoline, potentially generating up to 50 billion gallons of petroleum products over time.

Developers say the project will handle about 60 million barrels of crude annually, helping strengthen domestic refining capacity and reduce dependence on imported crude processing.

Also Read: Putin Offers Trump Suggestions to End Iran War Quickly

The investment could generate thousands of construction jobs and several hundred permanent roles in South Texas while stimulating regional economic activity. Trump also emphasized that the refinery would help boost energy security and increase U.S. fuel exports to global markets.

“This project will fuel U.S. markets, strengthen national security, and bring thousands of jobs and growth to South Texas,” Donald Trump said.

Despite the high-profile announcement, Reliance Industries has not yet officially confirmed its investment commitment, leaving analysts awaiting clarity on the final financing structure and timeline.

If finalized, the project would represent one of the largest overseas energy investments involving an Indian company and could reshape energy trade dynamics between India and the United States while reinforcing the Gulf Coast’s position as a global refining hub.

Construction is expected to begin in the second quarter of 2026, subject to regulatory approvals and final investment agreements.