ANNOUNCEMENT 19 Sep 2011

On 19 September 2011, the US government granted a loan guarantee to Poet-Dsm Project Liberty, Llc as part of the program Federal Loan Guarantees for Innovative Energy Technologies.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award page. Federal Loan Guarantees for Innovative Energy Technologies. Poet-Dsm Project Liberty, Llc.
https://www.usaspending.gov/award/ASST_NON_DELP0000048_8900

U.S. Department of Energy, Loan Programs Office, Title XVII (Loan Guarantees for Innovative Energy Technologies program)(retrieved on 15/07/2021). Available at: https://www.energy.gov/lpo/title-xvii

Inception date: 19 Sep 2011 | Removal date: open ended

Loan guarantee

On 19 September 2011, the Department of Energy approved a loan guarantee worth USD 103 million to Poet-Dsm Project Liberty, Llc located in Emmetsburg, IA, United States of America. The support was granted through the Federal Loan Guarantees for Innovative Energy Technologies programme.

The Federal Loan Guarantees for Innovative Energy Technologies program provides loan guarantees for energy projects to support the commercial use of new or significantly improved technologies. The objective of the program is to finance the development of a new technology. Once the technology is proven at commercial scale through the first few projects, the Department of Energy stops providing financing and allows the private market to take over. The program is run by the U.S. Department of Energy.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
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