US Gives $1.5 Billion Loan Guarantee for Fertilizer From Coal

The Trump administration has finalized a $1.5 billion loan guarantee for an an Indiana-based company to produce ammonia fertilizer.

The financing for Wabash Valley Resources, LLC, will be used to restart and repurpose a coal gasification plant idled since 2016. It intends to produce 500,000 metric tons of anhydrous ammonia per year using as feedstock coal from a Southern Indiana mine and petcoke, the Energy Department said in a statement Wednesday.