Export-Import Bank of the United States 2011 Annual Report

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Supporting U.S. Exports of Farm Equipment

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CNH Global N.V. is a world leader in the manufacturing of agricultural and construction equipment.

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Ex-Im Bank is focusing on a number of industries with high potential for U.S. export growth: agribusiness, aircraft and avionics, construction, medical technologies, mining, oil and gas, and power generation, including renewable energy. These industries support the critical needs of a growing number of middle-class consumers in emerging and other global markets that offer U.S. exporters some of their best opportunities for sales growth.

In FY 2011, Ex-Im Bank

  • FY 2011 Authorizations in Key Industries

    (in millions)
    Industry Sector Amount Authorized
    Oil and Gas $4,840
    Mining 150
    Agribusiness 830
    Renewable Energy 720
    Construction 1,240
    Medical Equipment 190
    Aircraft and Avionics 12,620
    Power Generation 2,220
    Authorized $1.4 billion to support U.S. telecommunications-related exports, including $1.3 billion for satellites.
  • Approved more than $1.2 billion in support of U.S. construction equipment and services exports to many foreign projects, including $38.5 million for exports used in highway construction in the Dominican Republic.

    Engineering Firm in the Oil-and-Gas Industry Grows Sales With Ex-Im Support

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    Quantum Reservoir Impact (QRI), based in Houston, Texas, exports reservoir management equipment and services for the upstream sector of the oil-and-gas industry.

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  • Authorized more than $5 billion to support U.S. services exports, including engineering, design, construction, computer software, oil and gas drilling, architecture, transportation services, legal services, training and consulting.
  • Supported U.S. agribusiness through $830 million in authorizations for exports that included agricultural goods and services, including farm equipment, commodities, livestock, chemicals, supplies and services.


Support for Energy-Related Industries

Ex-Im Bank supported a wide variety of U.S. companies that participated in foreign energy-production projects, including those producing energy from renewable sources. In FY 2011, the Bank

  • Authorized more than $7.7 billion to support U.S. exports related to the energy sector, which included energy-extraction industries, pipelines and power generation, including renewable energy.
  • Authorized $721.4 million to finance renewable-energy exports and exports to renewable-energy projects. This amount far exceeded the amounts authorized for these exports in the previous three fiscal years ($332 million in FY 2010, $101 million in FY 2009 and $30.4 million in FY 2008). See Renewable Energy.
  • Approved 79 transactions under loan, guarantee and working capital guarantee products and approximately 80 new and renewed export-credit insurance policies to finance U.S. exports related to foreign-energy development, production and transmission. These activities include electric-power generation and transmission, coal mining, oil-field and gas-field exploration, development and production, pipelines and refineries in countries that included India, Colombia, Mexico, South Africa and Turkey.
  • Financed the sale of $1.7 billion of U.S. exports of goods and services to five new fossil-fuel power plants. The Bank estimates that the aggregate amount of carbon-dioxide emissions produced directly by these projects will total approximately 63.95 million metric tons per year. Of this amount, 56.3 million tons is estimated to be produced by two coal-fired power plants projects and 7.65 million tons is estimated to be produced by three gas-fueled combined-cycle power plant projects.
  • Financed the sale of $3.2 billion of U.S. exports to oil-field and gas-field exploration, development and production projects, two oil-refinery projects, an ethanol production facility and a natural gas pipeline project. The Bank estimates that the aggregate amount of carbon-dioxide emissions produced directly by these projects will total approximately 4.05 million metric tons per year. Of this amount, 1.1 million tons is estimated to be produced by the oil and gas field development and production projects, 2.2 million tons is estimated to be produced by two petroleum refining projects, 0.45 million tons is estimated to be produced by a natural gas pipeline project, and 0.3 million tons is estimated to be produced by an ethanol production project.