A Houston company is looking to pump $500 million into South Texas to create the largest new refinery in the U.S. in nearly 40 years.The facility — located in the southwest corner of Duval County off of Texas Highway 359 — will be able to process up to 50,000 barrels of Eagle Ford shale light crude oil a day, and will have up to 4 million barrels of available storage, the company said in a news release.
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