U.S. Offers $1.56 Billion Loan for Ammonia Project
U.S. Offers $1.56 Billion Loan for Ammonia Project
U.S. Offers $1.56 Billion Loan for Ammonia Project
News summary

The U.S. Department of Energy (DOE) has conditionally committed a loan guarantee of nearly $1.6 billion to Wabash Valley Resources LLC for a commercial-scale ammonia fertilizer production facility in West Terre Haute, Indiana. This $2.4 billion project aims to repurpose a former coal plant to produce 500,000 metric tons of low-carbon anhydrous ammonia annually, utilizing carbon capture and sequestration technology. It will be the first domestic producer of low-carbon ammonia in the Corn Belt, potentially stabilizing prices for local farmers who currently rely on imports. The project is expected to create around 135 permanent jobs and approximately 500 construction jobs, significantly impacting the local economy. With construction set to begin soon and completion expected by late 2027, this initiative aligns with broader efforts to enhance domestic fertilizer supply and contribute to climate goals. The facility could also receive additional tax credits for its carbon sequestration efforts.

Story Coverage
Bias Distribution
50% Left
Information Sources
09bc43f5-e425-4ffd-980d-14d8f4a28792
Left 50%
Coverage Details
Total News Sources
2
Left
1
Center
0
Right
0
Unrated
1
Last Updated
1 day ago
Bias Distribution
50% Left
Related News
Daily Index

19Negative

Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News