Global Trade Alert
Global Trade Alert

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

Announcement

17 May 2023

In May 2023, DOE announced funding to support Magnolia Sequestration Hub’s carbon storage project.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

17 May 2023

Revocation date:

No revocation date

Financial grant In force

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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