Not really a big deal. The numbers are cumulative. The Reliance Brownsville Texas facility will only process 60 million barrels per year. That's 1% of annual US refining capacity.
> It's interesting to both see Asian majors and EPCs increasingly dominating the petrochemical chain
You really don't want downstream in your backyard, though. The environmental oversight in these countries is...less. Meanwhile, it's a hyper competitive industry with low margins so adding new capacity only works in places with cheap labor and less red tape.
Tech bros who don't know the industries they talk about should honestly STFU. It's the one annoying thing about HN. Y'all feel you need to talk but aren't actually contributing anything of value to the conversation.
Rebuilding refinery capacity within the US is hard, especially given that a net new refinery hasn't been built in the US in 50 years.
Honestly if YC agrees to delete my comments I'd be glad to leave this forum. Host HNers just aren't worth dealing with at this point.
Hey.
You're obviously having a bad couple days, which seems to have nothing to do with this discussion or HN. I hope you can recover and feel better.
My point remains that Reliance isn't investing 300B in a refinery as you so claim.
>India's Reliance is also investing $300B
That's a cumulative offtake figure used in hyperbolic, Trump-style headlines.