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.
To read the complete story, check out the most recent edition of Industrial Info's NavigatIIR online newsletter.
Browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.
SOURCE Industrial Info Resources