Texas Towers Over Rest of U.S. for Refining Projects

SUGAR LAND--September 10, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--A majority of the refining capacity in the U.S. is concentrated in the Gulf Coast region--primarily in Texas and Louisiana. It should therefore come as no surprise that these two states lead the U.S. in the value of active refining projects with a high (81-99%) or medium (70-80%) probability of moving forward as planned. Texas, with more than $12 billion worth of these projects, takes the lion's share of project value. Companies featured: Exxon Mobil Corporation (NYSE:XOM), Royal Dutch Shell (NYSE:RDS-A), Valero Energy Corporation (NYSE:VLO), Marathon Petroleum Corporation (NYSE:MPC)