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The refinery is a same project that was being developed by Element Fuels Holdings, a Texas startup whose website now redirects to America First Refining. In June 2024, Element Fuels announced that site preparation was complete, and it was ready to construct a plant capable of processing about 160,000 barrels of oil a day. If completed, the refinery would be the first new project since a Garyville, Louisiana facility—owned by MarathonPetroleum Corporation (MPC), the largest refiner in the country which processes about three million barrels a day—came online in 1977, the Financial Times reported.
Healthcare is actually one of the key industries expected to grow amid the U.S.’s AI-driven business landscape disruption, according to a 2024 McKinsey report.