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
-
Ballard Just Paid $400M to Stop Selling Parts
Inside This Issue 🍁 Ballard Buys GeoPura for $400M in Hydrogen Power Push ⛽ XCF Global Begins Producing Renewable Fuels at New Rise Renewables Reno 📈 WoodMac: CCUS Growth Continues Despite Project...
-
Airbus And MTU Plan A New Company
Inside This Issue ⚡ Airbus and MTU Aero Engines to Create a Joint Venture to Develop a Fully Electric Hydrogen Fuel Cell Engine 🌳 Something Weird Is Going on with the 66 Billion Trees China Plante...
-
California’s New Hydrogen Law Just Rewrote the Clean Energy Playbook
Inside This Issue ⚡ SB 1350: California Makes Hydrogen Power Count as Clean 🏭 Europe's Carbon Capture Push Shifts From Ambition To Delivery At CCSA EU Conference 2026 🍁 Canada and Alberta Tie New ...
Company Announcements
-
MAX Power Mobilizes for Commercial Validation Program at Canada’s First Natural Hydrogen Discovery
Multi-well program commences early next week at Lawson Complex following 3D seismic and independent modelling as MAX Power advances toward potential commercial-scale Natural Hydrogen development. ...
-
Montana Renewables Collaborates with Gulfstream for Low Emissions Testing
GREAT FALLS, Mont., July 8, 2026 /PRNewswire/ -- Montana Renewables, LLC (MRL) is proud to have collaborated with Gulfstream Aerospace Corp. and its partners as the exclusive fuel supplier for rece...
-
XCF Global Begins Producing Renewable Fuels at New Rise Renewables Reno
Initial renewable diesel production marks commissioning and restart milestone as facility advances toward planned sustainable aviation fuel configuration Marks transition to expected revenue-gener...
-
Carbon Capture Project Gains Support
Deep Sky seeks to build on Alberta success as it pitches province on ‘economic opportunity for Manitoba on a global scale’ WINNIPEG — A direct air carbon capture facility proposed for southwestern...