Latest / San Antonio News Today | 2 Min News | The Daily News Now!
First New U.S. Refinery in 50 Years | San Antonio News
A brand new $1.2 billion oil refinery is set to rise in South Texas — potentially the first built in the U.S. in over 50 years. Developers are partnering with local farmers like Bobby Nedbalek, who’s trading cotton fields for refinery stakes, betting on jobs and investment. Designed to process lighter crude like West Texas Intermediate, the project has just secured all its financing from a San Francisco-based bank and plans to break ground this October, aiming for full operation by 2030 — pending final environmental permits. This could be a major economic boost for the Taft region. Listen in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.