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Global Trade Alert

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United States of America: Department of Energy funds Magnolia Sequestration Hub’s carbon storage project

Description

On 17 May 2023, the US Department of Energy announced providing Magnolia Sequestration Hub LLC USD 21.6 million to support its carbon storage project. Funding will be in the form of a cooperative agre...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

17 May 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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