Trump administration: Japan partnership to help pay for $33B natural gas plant in Ohio
OHIO — The Trump administration recently announced it has approved three projects as part of a U.S.-Japan trade deal, and one of the projects is based in Ohio.
What You Need To Know
- The projects are part of Japan’s $550 billion investment that aim to support the economy
- Of them is a natural gas generation facility planned for Portsmouth, Ohio
- Two other projects are set for the southern half of the U.S.
The projects are part of Japan’s $550 billion investment that aim to support the economy, according to the Trump administration.
Of them is a natural gas generation facility planned for Portsmouth, Ohio. The Trump administration said it aims to built it to be the largest natural gas generation facility in history, stating it will generate 9.2 gigawatts of power.
“We will strengthen grid reliability, expand baseload power, and support American manufacturing with affordable energy,” Secretary Howard Lutnick wrote in a release from the U.S. Department of Commerce.
The project is expected to cost $33 billion, according to a fact sheet, and its operator will be SB Energy.
The other two projects include a deepwater crude oil export terminal in Texas, and a high pressure, high-temperature synthetic diamond grit facility in Georgia.
No other details have been released about the project based in Portsmouth.