As reported by Houston Business Journal, an El Campo, Texas-based company is considering a new crude refinery project that would bring more than $5.5 billion of investment to a town south of Victoria TX, 125 South from downtown Houston.

According to a document filed with the Texas comptroller’s office and reporting by the Wharton Journal-Spectator, a subsidiary of Southern Rock Energy Partners - Prairie Energy Partners LLC - is currently seeking tax abatements for a proposed 250,000-barrels-per-day refinery in Bloomington that would process the light, sweet crude commonly produced in Texas.

The subsiduary company reportedly said that the project would require a minimum investment of nearly $5.56 billion to build in Bloomington.

It would further employ as many as 1,250 construction workers at one time, and ultimately create 423 permanent jobs all within the state of Texas.

"With vast refining process experience from its partners and a succinct design, Southern Rock Energy Partners has chosen UltraFuels as a strategic partner in the development of its greenfield refinery project," said Steven Ward, Southern Rock’s managing member, in a statement on UltraFuels’ website.

"By processing the light, shale crudes, the refinery design reduces capital and operating expenses, water consumption, the real estate footprint, and mostly importantly eliminates emissions including carbon dioxide, nitrogen oxide, and sulfur oxide."

If Southern Rock continues project development in Bloomington, the company said it expects to start construction in the first three months of 2023.

It would wrap up two years later, starting commercial operations in the first quarter of 2025.