Trump announces $300 billion Reliance partnership to build first major U.S. refinery in 50 years

President Trump announced a partnership with Reliance valued at $300 billion. The deal aims to build the first major U.S. refinery in five decades. The announcement was covered by News On AIR. The project represents a significant investment in U.S. energy infrastructure. Reliance will collaborate with the United States on the refinery construction. The partnership is framed as a historic development for the sector. The refinery is expected to increase domestic fuel capacity. Officials described the venture as a milestone for American refining.