South Texas Gets First New Refinery in 50 Years | Dallas News

A $1.2 billion oil refinery is set to rise in South Texas — the first new one built in the U.S. in over 50 years. Located on land once used for cotton, it’s designed to process lighter crude and has just secured full financing from a San Francisco bank. Construction kicks off this October, with completion targeted for 2030. Local farmer Bobby Nedbalek, now a key investor, sees it as a major economic boost for Taft and the region — even joking he’ll be growing refineries instead of cotton. Final permits are pending, but momentum is strong. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8d981de57a64a787