According to the Houston Chronicle, a Houston-based company has announced their plans to open a new refinery that will be the biggest of it’s kind in over nearly 40 years! They’re spending $500 million to build it in Duval County and will likely be a source of many jobs for people in the nearby area that have been out of work over the past few months!
They plan to process 50,000 barrels of Eagle Ford Shale a day! For many in the industry this is seen as a sign of brighter days to come!
The Houston Chronicle wrote:
Raven Petroleum says it will produce diesel, jet fuel, naphtha, gasoline, and liquified petroleum gas products to be exported via rail and possibly pipeline to Mexico. A section of Kansas City Southern Railroad line bisects the 832-acre property.
The project is slated to begin by the third quarter of 2017, and Raven Petroleum estimates construction could be completed by the end of 2018.
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