Note: Single-source report; awaiting corroboration.
The U.S. Department of Energy’s Loan Programs Office has finalized a $1.5 billion loan agreement to support Wabash Valley Resources, LLC in financing a coal and ammonia fertilizer facility in West Terre Haute, Indiana. The facility will restart and repurpose an idled coal gasification plant, inactive since 2016, to produce 500,000 metric tons of anhydrous ammonia per year, using coal from a nearby Southern Indiana mine and petcoke as feedstock.
The project aims to reduce America’s reliance on foreign fertilizer by producing cost-competitive ammonia fertilizer domestically, primarily serving the Eastern Corn Belt. It is expected to strengthen domestic supply chains, lower costs for farmers and consumers, and create hundreds of American jobs.
The loan was closed under updated guidance from the Department of Energy Loan Programs Office and is the second loan under the Energy Dominance Financing program, introduced as part of the Working Families Tax Cut, also known as the One Big Beautiful Bill Act. The initiative supports the administration’s goals of advancing national security and energy dominance by securing domestic fertilizer supplies for the Corn Belt and ensuring reliable energy access for Americans.