The Trump administration has finalized a $1.5 billion loan guarantee for an Indiana-based company to produce ammonia fertilizer.
The financing for Wabash Valley Resources LLC will be used to restart and repurpose a coal gasification plant idled since 2016. It intends to produce 500,000 metric tons of anhydrous ammonia per year using as feedstock coal from a Southern Indiana mine and petcoke, the U.S. Department of Energy said in a statement Wednesday.
The loan was initiated by the Biden administration, which awarded the project a conditional commitment in September 2024, and said the project would provide a source of low-carbon fertilizer using carbon capture and sequestration.
>> In Other News: Samsung E&A's U.S. Unit Wins 680 Billion-Won Ammonia Plant Deal
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
The $450M Offtake Deal Behind Emvolon’s $22M Raise
Inside This Issue 🏗️ Emvolon Raises $22 Million Funding Round to Launch Its Modular, Waste-to-fuel Chemical Plants 🔋 Terraton Turns Kenyan Nut Shells into Carbon Credits ⚡ Ballard Launches HPU Agi...
-
113 CCS Projects: What's Driving the Surge?
Inside This Issue 🏭 Global CCS Hits 113 Projects as Americas Lead Capacity 💰 We're Moving $2M+ to Climate Solutions 💧 China Launches World's First Semi-submersible Offshore Wind-to-hydrogen Platfo...
-
Why Is Wyoming Giving 650,000 Acres to Carbon Storage?
Inside This Issue 🪨 Inside Blm's 650,000-Acre Bet on Wyoming Carbon Storage 🏭 California Advances Carbon Capture and Removal Regulations Under SB 905 ⚡ Why a Japanese Power Giant Is Betting on Den...
Company Announcements
-
Definitive agreement advances delivery of the electrolyzer facility supplying renewable hydrogen for ultra-low-carbon methanol production in Sinaloa, Mexico MEXICO CITY--(BUSINESS WIRE)--Transitio...
-
Ozona, Marubeni Make Final Investment Decision on Texas Carbon Storage Project
Pawnee Project Will Capture and Permanently Store Carbon Dioxide in Bee County, With First Injection Targeted for Early 2027 SAN ANTONIO, Texas--BUSINESS WIRE--Ozona CCS LLC (“Ozona”) announced a ...
-
SAN JOSE, Calif.--(BUSINESS WIRE)--Fortera, a leading low-carbon cement manufacturer, has signed a multi-year deal with Meta to supply environmental attribute certificates (EACs) associated with ap...
-
Fortera and MLC Select Ste. Genevieve, Mo. for First Commercial CO₂-to-Cement Plant
Fortera to launch patented sustainable cement technology, producing 300,000 tons of ReAct® cement annually using carbon captured from MLC's lime production STE. GENEVIEVE, Mo., Oct. 22, 2026 /PRNe...