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flag U.S. finalizes $1.5B loan for clean ammonia plant in Indiana, repurposing a closed coal facility to boost domestic fertilizer production and jobs.

flag The U.S. Department of Energy has finalized a $1.5 billion loan to Wabash Valley Resources for a clean ammonia fertilizer plant in West Terre Haute, Indiana, repurposing a shuttered coal gasification facility. flag The project, expected to produce 500,000 metric tons of ammonia annually, aims to reduce reliance on imported fertilizer, support domestic agriculture, and revitalize a coal-dependent region. flag The loan, originally conditionally approved under the Biden administration, was completed under the Trump administration after review and renegotiation, marking the second such Biden-era loan finalized by the current administration. flag The initiative is part of broader efforts to strengthen energy independence, create jobs, and bolster agricultural and industrial resilience.

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