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Energy Department Announces Loan Close for Indiana Coal-Powered Fertilizer Facility
WASHINGTON—U.S. Secretary of Energy Chris Wright today announced the Department of Energy’s (DOE) Loan Programs Office (LPO) closed a loan to support independent, American-made, and coal-powered fertilizer production. The $1.5 billion loan to Wabash Valley Resources, LLC, will help finance a coal and ammonia fertilizer facility in West Terre H...
DOE ANNOUNCES LOAN CONDITIONAL COMMITMENT TOWARD $2.4B WABASH VALLEY RESOURCES PROJECT TO PRODUCE LOW-CARBON FERTILIZER AND REVITALIZE COAL COMMUNITY
WEST TERRE HAUTE, Ind., September 16, 2024 – In a groundbreaking move to bolster American agriculture and improve air quality, the Department of Energy’s Loan Programs Office has announced a conditional commitment of a $1.559 billion loan—toward a total investment of $2.4 billion—to Wabash Valley Resources (WVR), a pioneer in low-carbon ...
LPO Announces Conditional Commitment to Wabash Valley Resources to Repurpose Fossil Fuel Infrastructure to Produce Low-Carbon Ammonia for Midwest Farmers
As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced today a conditional commitment for a loan guarantee of up to $1.559 billion to Wabash Valley Resources, LLC (Wabash Valley Resources). The loan guarantee would help finance a commercial-scale waste...