Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + State of Texas  + Industrial  | 
Southern Rock Energy to build Victoria refinery for $5.5 billion

Southern Rock Energy Looking to Build New Victoria Refinery

The proposed refinery is a joint venture between Southern Rock Energy and UltraFuels. It’s expected to cost $5.5 billion to build and pump out 250,000 barrels-per-day. The new project will have a number of green enhancements in comparison to past refinery projects. A reduction in carbon dioxide emissions, volatile organ compounds and other greenhouse gas emissions are expected to be cut by 95%.

The project would also include production of blue hydrogen with carbon capture equipment, reducing water consumption by 90%, with 80% of the waste water being recycled or repurposed.

Southern Rock’s Steven Ward touted the new refinery features, “By processing the light, shale crudes, the refinery design reduces capital and operating expenses, water consumption, the real estate footprint and most importantly eliminates emissions including carbon dioxide, nitrogen oxide and sulfur dioxide.”

Connect

Inside The Story

Steven Ward

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development