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DOE Commits $1.5 Billion Loan Guarantee to Wabash Valley Resources for Carbon-Negative Ammonia Plant

DOE offers $1.5B loan to Wabash Valley Resources for a carbon-negative ammonia plant, creating 1,100 jobs and aiding CO2 capture technology.

Rishabh Srihari

Published on 18th September 2024

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The US Department of Energy (DOE) announced that it has made a conditional commitment to Wabash Valley Resources for a loan guarantee of $1.5 billion.

The funding allocated through the DOE’s Loan Programs Office (LPO) upon fulfilling certain criteria will be diverted towards repurposing an industrial gasifier.

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DOE Commits $1.5 Billion Loan Guarantee to Wabash Valley Resources for Carbon-Negative Ammonia Plant

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