A Woodlands-based company targets the Eagle Ford with plans to construct the first U.S. oil refinery in over forty years.
Related: More Eagle Ford LNG Headed Abroad | Eagle Ford Shale Play
The $500 million facility, currently under construction by Raven Petroleum, will process 50,000 barrels a day of light crude. The company plans to break ground on 200 acres in Duval County with an additional 632 acres adjacent to the complex that is available for co-development.
The refinery will bring almost 1,800 construction jobs to the local economy that has a population of only 12,000. It will also decrease the tax rate by 50%, according to Duval County Judge Ricardo “Rocky” Carrillo.
“Raven has received positive support from local county officials and the Texas Governor’s Office regarding permitting and development of the project.”
Refinery project details:
- Located in Duval County, just outside of Laredo, Texas
- Direct rail access to Mexico via the Kansas City Southern (KCS) rail network
- Two pipelines bisect the property with adjacent highway transportation access
- Access to ample feedstock from multiple Eagle Ford suppliers
- Ideal position for distribution to newly opened Mexican markets
- 50,000 barrel-per-day (bpd) crude oil refinery
- Storage tank capacity of up to 4,000,000 barrels.
- Capacity of 2 inbound and 2 outbound Unit trains per day
- Rail terminal infrastructure with approx 20 miles of internal track
- 200 acres with 6,000+ ft direct rail frontage on the KCS mainline
- Additional 632 acres for co-development