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

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.