The Export-Import Bank of the U.S. Board of Directors approved a $90 million guarantee under EXIM’s Supply Chain Finance Guarantee Program to Dutch Financier ING Capital to finance U.S. Natural Gas processor Freeport LNG Marketing.
In 2020 Exim approved a deal with Freeport LNG, "with the first-ever use of a funder guarantee structure" for $50 million. That deal was a "tripartite agreement" between EXIM, Private Export Funding Corporation (PEFCO) , and the scandal-plagued, now insolvent Greensill Capital.
In June 2022 a blast attributed to safety failures caused approximately $275 million in damages and took the plant offline for 18 months.
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