Former President Donald Trump announced plans for a new oil refinery to be built in the United States with backing from India's Reliance Industries, according to statements made by Trump.

The refinery is set to be located in Texas, though specific details about the facility's capacity, timeline, or exact location were not immediately provided in Trump's announcement.

Reliance Industries, led by billionaire Mukesh Ambani, is one of India's largest conglomerates with significant interests in petrochemicals and oil refining. The company operates one of the world's largest refining complexes at Jamnagar in India.

The announcement comes as the U.S. refining sector faces ongoing challenges with aging infrastructure and regulatory pressures. Several refineries have closed or converted to renewable fuel production in recent years, reducing overall domestic refining capacity.

Trump has previously advocated for increased domestic energy production and infrastructure development during his presidency and in his current campaign for the 2024 presidential election.

Further details about the project's financing, regulatory approvals, construction timeline, and employment projections were not immediately available.