Elon Musk is a bit of a petrolhead, but he’s also an oil engineer, and he’s got a new oil refinery in California under his belt.
His new refinery, which opened last year and now employs more than 700 people, is powered by a hybrid supercritical oil and gas technology called “Elon Musk’s refinery”.
But while Musk’s been pushing for this kind of technology in recent years, the idea behind the refinery isn’t so new.
It was first proposed in 2008 by the former president of the University of Texas at Austin, a man named Bill Gates, and later by the billionaire investor Warren Buffett.
The refinery is one of several Tesla and SpaceX facilities, along with an oil sands processing facility and a wind farm.
Musk himself has been building the refinery on private land for a number of years.
It took him three years to finish building the first unit at the refinery, and the refinery was supposed to be completed by the end of this year.
But Musk didn’t get the green light to start the refinery until 2017, and then the state of California was the only state to agree to it.
“We knew from the beginning that it would take longer than expected to finish it,” said Richard Gros, the president of SpaceX and chairman of the Texas Renewable Energy Coalition.
“In fact, it took us two years to do the feasibility study and environmental review.”
Musk and SpaceX took the project on in the early part of this decade and they started work in the spring of 2017.
They had the refinery under construction in the summer of 2016.
They began operating the refinery at the end and then moved the refinery to its current location in the middle of November.
“It was supposed be ready to go in March,” said Gros.
But then the oil market collapsed.
The oil price collapsed by a factor of ten, and prices plunged even further in 2018.
“The market was just so low.
There were just so many problems in the oil industry, from oversupply, to price fluctuations, to the failure of the US shale industry,” said Musk.
“So it was kind of like, ‘Well, what are we going to do?'”
“It took us three years, but we’re now ready to put it in operation.”
Musk said that the refinery is still a “very much a work in progress” but that it’s already starting to take off.
“This is the first refinery we’ve done where we’re actually doing the heavy lifting,” he said.
The first unit that Musk built at the refineries new location.
The refineries production capacity was initially set at 50,000 barrels per day, but it was reduced to 12,000 bpd, because of the oil price slump.
In the past, Musk has said that his goal is to have all the production at the same time.
“At this point, the capacity we’re looking at right now is a lot more than 50,00 bpd,” he told CNBC earlier this year, and said that he expected the refinery’s capacity to grow from 12,500 to 30,000.
Musk said in a statement that the new refinery is designed to be “a major economic engine” that can generate “an additional 200,000 new jobs” by the time the refinery opens in 2021.
“Our plan is to be a major economic force for Texas and the entire US economy,” Musk said.
Musk and the refiners oil company The first refinery is set to open in 2021, but there’s one catch.
The company that’s building the new oil unit, SpaceX, is not doing any work at the new facility.
That’s because SpaceX has been working on the next stage of the refinery as part of its Falcon Heavy rocket.
The Falcon Heavy is a new rocket that is designed for high-performance missions, and it’s designed to launch a payload into low-Earth orbit, or LEO, rather than carrying oil.
“When we launched our first Falcon Heavy in July 2017, we used that rocket to launch our first oil refinery,” said Elon Musk, CEO of SpaceX.
“Then, we’ve been working for the past two years on refining that refinery and then launching our second Falcon Heavy that will be our next-generation rocket.
And now, SpaceX is working on refining the next rocket, the next-gen Falcon Heavy.”
SpaceX is a joint venture between Musk and billionaire investor Mark Cuban.
They built the first SpaceX rocket and it was originally supposed to launch in 2020, but then the price of oil crashed, so it was delayed until 2021.
The cost of oil in the US has plummeted by around 40% since Musk’s original goal, but that hasn’t slowed SpaceX’s pace of work.
“SpaceX is building the Falcon Heavy and we’re building the second Falcon, and we’ll be launching those in 2021,” said Phil Plait, editor-in-chief of the Wall Street Journal.
“But SpaceX hasn’t