The US Department of Energy (DOE) has made a conditional commitment for a loan guarantee of up to $1.5B to Wabash Valley Resources.

The provisional financing is earmarked for repurposing an industrial gasifier that will use petroleum coke (petcoke) to create anhydrous ammonia, a crucial material needed for fertiliser production. The planned facility will be simultaneously equipped to capture and sequester 1.6 million metric tonnes of CO₂ annually.

The project has the potential to become both the world’s first carbon-negative ammonia production facility and the first domestic source of fertiliser supply, producing 500,000 metric tons of anhydrous ammonia per year.