TERRE HAUTE, Ind. — The largest U.S. carbon capture and sequestration project soon will be based out of Terre Haute.
Wabash Valley Resources announced the closing of an investment from OGCI Climate Investments to develop the facility on May 20.
The plant will capture and sequester 1.5 to 1.75 million tons of carbon dioxide per year.
Wabash Valley Resources will repurpose and expand a former plant into a low carbon emission, ammonia production facility.
“This innovative carbon capture and sequestration project will facilitate the production of green ammonia,” said Simon Greenshields, president and CEO of Phibro LLC.
“Farmers and industrial end users alike will, for the first time, be presented with an opportunity to purchase ammonia produced in an environmentally conscious and sustainable manner and at an affordable price.”
The project will capture and sequester close to 100% of the plant’s carbon dioxide approximately 7,000 feet below the surface into the saline sandstone aquifer known as the Mount Simon Sandstone.
It will have the capacity to be expanded to 1.75 million tons of carbon dioxide annually.
Fertilizer plants are a major source of green-house gas emissions, representing approximately 2% of CO2 emissions globally.
Low carbon ammonia production lowers the carbon intensity of ethanol produced in the United States, making it economically more competitive in California and Europe.
“We would like to thank the Indiana Gov. Eric Holcomb and the Indiana General Assembly for their support,” said Nalin Gupta, board member of WVR.
“Indiana’s business friendly environment and innovative culture were instrumental in facilitating the development of an ammonia and carbon sequestration project. The project shall utilize traditional clean energy financing vehicles, such as third party tax equity.”
The project was recently selected to receive funding from the Department of Energy as part of the Carbon Storage Program.
Learn more at www.wvresc.com.