ANNOUNCEMENT 03 Oct 2014

In October 2014, the government of the United States of America announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 03 Oct 2014 | Removal date: open ended
Still in force

Loan guarantee

The U.S. Department of Agriculture announced on October 3, 2014 a $91 million loan guarantee to help finance an advanced biofuel plant in Louisiana. The assistance is provided via an agreement with Silicon Valley Bank to provide a $91 million Biorefinery Assistance Program loan guarantee to Cool Planet to help the company finish construction on a biofuel plant at the Port of Alexandria. The Cool Planet facilities, which are also supported by private capital, will annually produce approximately 8-10 million gallons of reformate (an ingredient in gasoline and jet fuel that can be added during the regular refinery process). The product in question is potentially tradeable.

AFFECTED SECTORS