Donald Trump on Wednesday announced a $550 billion trade deal, which the White House described as ‘historic’, saying it will ‘strengthen American national and economic security’.
The large part of the deal included a natural gas power facility in Portsmouth, Ohio, costing $33 billion with a capacity of 9.2 GW, which the White House claimed to be the largest natural gas generation projects in the world, to be operated by SB Energy, a subsidiary of SoftBank.
“The facility represents a strategic initiative to create an integrated platform capable of supplying reliable, large-scale, dispatchable energy,” said the White House.
Another large part of the deal included a deepwater crude oil export terminal in Brazoria County, Texas and the Gulf of America, costing $2.1 billion.
Known as Texas GulfLink, the project will be operated by Sentinel Midstream. At full capacity, the terminal is expected to generate between $20–30 billion in annual U.S. crude exports — or $400–600 billion over twenty years — significantly increasing U.S. export volumes.
“The export terminal represents a strategic benefit to the United States,” it noted, emphasizing that the facility will strengthen the US trade balance while expanding American energy dominance through large-scale offshore export capabilities.
The deal also included a high-pressure, high-temperature synthetic diamond grit facility in Georgia, costing approximately $600 million, to be operated by Element Six. The facility will produce diamond grit, dust, and powder — critical raw materials in U.S. industrial manufacturing due to their exceptional hardness and wear resistance.
“The facility represents a strategic investment in advanced materials essential to U.S. economic and national security,” White House said, noting that synthetic diamond grit plays a vital role in the semiconductor, automotive, and oil and gas industries.
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