Indiana CCS gets OGCI Investment

Wabash Valley Resources (WVR) announced an investment from OGCI Climate Investments (OGCI CI) to develop a 1.5-1.75 million tons per year, carbon capture and sequestration (CCS) project near West Terre Haute, Indiana, USA. WVR is an affiliate of Phibro LLC,

The project will aim to capture and sequester most of the plant’s CO2 approximately 7000 feet below the surface, into the saline sandstone aquifer (Mount Simon Sandstone) and will have the capacity to expand to 1.75 million tons of CO2 annually.

Fertilizer plants are a great contributor of greenhouse gas emissions, representing about two percent of CO2 emissions globally. WVR’s CCS project will facilitate the production of fertilizer, from the co-located WVR plant, with a very low carbon footprint. Low carbon ammonia production lowers the carbon intensity of ethanol produced in the USA, making it economically more competitive. 

Simon Greenshields, President and Chief Executive Officer of Phibro LLC, commented in a press release, "This innovative carbon capture and sequestration project will facilitate the production of green ammonia. 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."

Pratima Rangarajan, CEO of OGCI Climate Investments, further commented: "CCUS will be a crucial part of the low carbon economy. Our investment in Wabash Valley Resources is a tangible demonstration of our commitment to CCUS as a tool to decarbonize the industrial sector. We look forward to working with Wabash Valley Resources team as they develop this project and demonstrate that CCUS is available today as a tool to combat climate change."

The project was recently selected to receive funding from the Department of Energy (DOE) as part of the Carbon Storage Program.
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