excalibur
Diamond Member
- Mar 19, 2015
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MAGA.
Get 'er done.
Very good news going forward.
www.prnewswire.com
Get 'er done.
Very good news going forward.
America First Refining announced a historic milestone in U.S. energy production: the construction of the first new oil refinery built in the United States in 50 years. Made possible through the leadership of President Donald J. Trump and the success of his America First energy agenda, the refinery will be located at the Port of Brownsville, Texas, and will significantly strengthen America's long-term energy dominance.
See President Trump's announcement on X here:
In February, America First Refining received a 9-figure investment from a global supermajor at a 10-figure valuation. AFR also signed a binding 20-year offtake term sheet with the same global supermajor that secures commitments to purchase, process, and distribute American-produced energy exclusively sourced from American shale oil. The company will officially break ground on the new refinery in Q2 2026.
"This project represents a historic step forward for American energy production," said John V. Calce, Chairman and Founder of America First Refining. "For the first time in half a century, the United States will build a new refinery designed specifically for American shale oil. Thanks to President Trump's leadership and the resurgence of an America First energy policy, we are creating thousands of high-quality jobs while ensuring more of our nation's energy resources are refined here at home in the cleanest, most efficient refinery on the planet."
"This is one of the most important energy infrastructure projects in America today," said Trey Griggs, President of America First Refining. "The United States has a surplus of light shale oil but a shortage of refining capacity designed to process it. By building this refinery at the Port of Brownsville, we're unlocking a major expansion of American energy production while creating thousands of high-paying jobs and strengthening our domestic supply chain."
"For years, investors believed building a new refinery in the United States was impossible," said Nick Ayers, a former White House official who served as Assistant to the President and incoming Vice Chairman of America First Refining. "What changed was leadership and policy. President Trump's America First energy agenda restored the confidence needed to invest in large-scale American energy infrastructure. This project is a bet on American production, American workers, and the long-term strength of our domestic energy economy."
A Landmark Energy Agreement – the Largest Energy Deal in U.S. History
Under the newly signed agreement:
• 1.2 billion barrels of U.S. light shale oil will be purchased and processed — a value of $125 billion
• AFR will produce 50 billion gallons of refined products — a value of $175 billion
• The U.S. trade imbalance will improve by $300 billion
...
See President Trump's announcement on X here:
In February, America First Refining received a 9-figure investment from a global supermajor at a 10-figure valuation. AFR also signed a binding 20-year offtake term sheet with the same global supermajor that secures commitments to purchase, process, and distribute American-produced energy exclusively sourced from American shale oil. The company will officially break ground on the new refinery in Q2 2026.
"This project represents a historic step forward for American energy production," said John V. Calce, Chairman and Founder of America First Refining. "For the first time in half a century, the United States will build a new refinery designed specifically for American shale oil. Thanks to President Trump's leadership and the resurgence of an America First energy policy, we are creating thousands of high-quality jobs while ensuring more of our nation's energy resources are refined here at home in the cleanest, most efficient refinery on the planet."
"This is one of the most important energy infrastructure projects in America today," said Trey Griggs, President of America First Refining. "The United States has a surplus of light shale oil but a shortage of refining capacity designed to process it. By building this refinery at the Port of Brownsville, we're unlocking a major expansion of American energy production while creating thousands of high-paying jobs and strengthening our domestic supply chain."
"For years, investors believed building a new refinery in the United States was impossible," said Nick Ayers, a former White House official who served as Assistant to the President and incoming Vice Chairman of America First Refining. "What changed was leadership and policy. President Trump's America First energy agenda restored the confidence needed to invest in large-scale American energy infrastructure. This project is a bet on American production, American workers, and the long-term strength of our domestic energy economy."
A Landmark Energy Agreement – the Largest Energy Deal in U.S. History
Under the newly signed agreement:
• 1.2 billion barrels of U.S. light shale oil will be purchased and processed — a value of $125 billion
• AFR will produce 50 billion gallons of refined products — a value of $175 billion
• The U.S. trade imbalance will improve by $300 billion
...
America First Refining Secures Landmark 20-Year Offtake Agreement and Capital Investment to Construct First New U.S. Refinery in 50 years.
/PRNewswire/ -- America First Refining announced a historic milestone in U.S. energy production: the construction of the first new oil refinery built in the...
www.prnewswire.com
