America First Refining to build new oil refinery in US

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 2Q26.

"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 US will build a new refinery designed specifically for American shale oil. Due 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 US 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 US 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."

Read the article online at: https://www.hydrocarbonengineering.com/refining/12032026/america-first-refining-to-build-new-oil-refinery-in-us/