To fund the project, WVR recently secured a $1.559 billion loan from the U.S Department of Energy through a program focused on unleashing American energy dominance by investing in and fully utilizing domestic energy infrastructure. . The project will restart and modernize a gasification facility in Indiana to build one of the first plants in the U.S. that makes hydrogen and ammonia with less carbon intensity.
The West Terre Haute facility in Indiana will implement Honeywell’s carbon capture technology to capture and permanently store nearly 1.65 million tons of CO2 annually underground, equivalent to the carbon sequestered by over 1.65 million acres of U.S. forests in one year.
