Wabash Valley Closes Investment for CCS Project

Wabash Valley Resources recently closed an investment from Oil and Gas Climate Initiative (OGCI) for what is expected to be the United States’ largest carbon capture and sequestration (CCS) project thus far.

This CCS project is part of a larger project the company started in 2016. The company acquired a world-scale gasification plant in Indiana, which it plans to convert into an anhydrous ammonia production and CCS plant.Ammonia can be used as a fertilizer, and fertilizer plants are a major source of greenhouse gases, generating about 2% of global carbon emissions.

The CCS plant is expected to capture 1.5–1.75m t/y of CO2, depending on plant maintenance cycles, and facilitate low carbon production of ammonia. It is expected to capture and sequester close to 100% of the ammonia plant’s CO2. Conversion of the gasification plant and construction of the CCS plant is expected to begin in 2020, with completion estimated by 2022.
Pratima Rangarajan, CEO of OGCI Climate Investments, said in a press release: “CCUS [carbon capture, usage, and storage] 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 decarbonise 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.”
Simon Greenshields. CEO of Phibro, the parent company of Wabash Valley Resources, said in the same press release: “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.”
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