A Woodlands-based company targets the Eagle Ford with plans to construct the first U.S. oil refinery in over forty years.
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.
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