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U.S. finalizes $1.5B loan for clean ammonia plant in Indiana, repurposing a closed coal facility to boost domestic fertilizer production and jobs.
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.
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.
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.
The initiative is part of broader efforts to strengthen energy independence, create jobs, and bolster agricultural and industrial resilience.
EE.UU. finaliza un préstamo de $ 1.5B para una planta de amoníaco limpio en Indiana, reutilizando una instalación de carbón cerrada para impulsar la producción de fertilizantes domésticos y empleos.