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DOE ANNOUNCES LOAN CONDITIONAL COMMITMENT TOWARD $2.4B WABASH VALLEY RESOURCES PROJECT TO PRODUCE LOW-CARBON FERTILIZER AND REVITALIZE COAL COMMUNITY
WEST TERRE HAUTE, Ind., September 16, 2024 – In a groundbreaking move to bolster American agriculture and improve air quality, the Department of Energy’s Loan Programs Office has announced a conditional commitment of a $1.559 billion loan—toward a total investment of $2.4 billion—to Wabash Valley Resources (WVR), a pioneer in low-carbon ...
LPO Announces Conditional Commitment to Wabash Valley Resources to Repurpose Fossil Fuel Infrastructure to Produce Low-Carbon Ammonia for Midwest Farmers
As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced today a conditional commitment for a loan guarantee of up to $1.559 billion to Wabash Valley Resources, LLC (Wabash Valley Resources). The loan guarantee would help finance a commercial-scale waste...
Why Washington and Big Oil Are Investing Billions in Ammonia
Founded in 2016, Wabash uses a byproduct of oil refining to make ammonia and says it has an advantage over competitors because its facility is close to the farms where fertilizer will be used to grow corn. It expects to produce 500,000 metric tons of ammonia a year. ...