Overview
- The White House named three inaugural projects totaling about $36 billion: a 9.2‑gigawatt gas power plant in Portsmouth, Ohio, a deepwater crude export terminal off the Texas coast, and a synthetic industrial diamond facility in Georgia.
- Commerce Secretary Howard Lutnick said the Texas terminal could enable $20–30 billion in annual U.S. crude exports, and the Georgia plant would onshore 100% of U.S. synthetic diamond grit supply.
- Reporting and company statements identify likely operators as SB Energy for the Ohio plant, Sentinel Midstream for the Texas GulfLink terminal, and Element Six for the Georgia facility.
- The investment rollout is the first tranche under Japan’s $550 billion pledge linked to tariff concessions that lowered most U.S. duties on Japanese imports to 15%.
- Japan’s trade minister detailed a structure centered on JBIC-backed loans and guarantees with profit-sharing that splits 50–50 until recovery of Japanese outlays before shifting 90–10 in favor of the United States, with further tranches expected to be discussed at a March leaders’ summit.