Reliance Industries will partner in building the first new oil refinery in the United States. This USD 300 billion project is planned at the Port of Brownsville in Texas.
Mar 11, 2026
Reliance Industries will partner in building the first new oil refinery in the United States. This USD 300 billion project is planned at the Port of Brownsville in Texas, and will be developed by America First Refining.
President Donald Trump called this the biggest deal in the US in 50 years and a major boost for American energy production. He also thanked the Indian partners and Reliance for the tremendous investment. Reliance has not yet confirmed this claim.
If materialized, this will proceed as a major cross-border energy investment in the US backed by an Indian company, marking a significant development in the global energy sector.
