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-to-ammonia production facility using carbon capture and sequestration (CCS) technology in West Terre Haute, Indiana. The project will have the potential to be the world’s first, carbon-negative ammonia production facility—underscoring the Biden-Harris Administration’s continued commitment to ensuring the United States leads the world in clean energy manufacturing. The project would repurpose an industrial gasifier to utilize petroleum coke while permanently storing carbon dioxide to produce 500,000 metric tons of anhydrous ammonia annually. This project would play a critical role in securing domestic fertilizer supply for the region commonly known as the Corn Belt, contributing to both food security and climate goals. LPO’s conditional commitment of up to $1.559 billion would be part of a total investment of $2.4 billion that Wabash Valley Resources would secure for the project through private investment.
- US DOE
- September 16, 2024