SUGAR LAND, Texas, April 27, 2017 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--The term "new grassroot U.S. refinery" is almost an oxymoron. The U.S. hasn't seen a new major petroleum refinery in roughly 40 years. Refineries are expensive to build, and the U.S. already has a well-established refining system. Some of the refineries are downright venerable, having been established over a century ago, but it's still more cost-efficient to upgrade and expand those aging facilities than to build brand new ones.
Even so, new grassroot refinery projects are in various stages of development, as entrepreneurs seek markets for oil from shale plays like the Permian, Eagle Ford and Bakken.
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SOURCE Industrial Info Resources