Baker Botts Represents DOE LPO in Financing of Wabash Valley Resources Commercial-Scale Waste-to-Ammonia Production Facility
Deal Description: The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced today a conditional commitment for a loan guarantee of up to $1.559 billion to Wabash Valley Resources, LLC (Wabash Valley Resources). The loan guarantee would help finance a commercial-scale waste-to-ammonia production facility using carbon capture and sequestration (CCS) technology in West Terre Haute, Indiana. The project will have the potential to be the world’s first, carbon-negative ammonia production facility and the first project in the U.S. to utilize petcoke to produce ammonia and store the associated CO2 emissions via permanent geologic sequestration.
This project would play a critical role in securing domestic fertilizer supply for the region commonly known as the Corn Belt, contributing to both food security and climate goals. LPO’s conditional commitment of up to $1.559 billion would be part of a total investment of $2.4 billion that Wabash Valley Resources would secure for the project through private investment.
Baker Botts is serving as lead counsel for DOE on this matter.
For more information, please see the DOE’s press release by clicking here.
Baker Botts Lawyers/Office Involved:
- Global Projects: Michael Yuffee (Partner, Washington, D.C.); John Papaspanos (Partner, New York); Jason Bennett (Partner, Houston); Dan Kruger (Partner, Washington, D.C.); Paul Luther (Partner, Washington, D.C.); Therese Detablan (Associate, New York); Jesse Nation (Associate, Houston); Ben Zeter (Associate, Austin); Andrew Crayden (Associate, Houston); Allie Hemmings (Associate, Houston); Alex Reinert (Associate, Washington, D.C.); Jennifer O’Donoghue (Associate, London)
- Corporate: Caitlin Lawrence (Partner, Houston); Kanwal Majeed (Senior Associate, London); Lauren Thomson (Associate, London)
- Environmental: Samia Broadaway (Partner, Austin); Aileen Hooks (Senior Counsel, Austin); Katie Windle (Associate, Houston); Linn Bumpers (Associate, Washington, D.C.); Teresa Jones (Associate, Houston)
- Intellectual Property: Michael Silliman (Special Counsel, Houston); Lori Ding (Associate, Houston)
- Tax: Barbara De Marigny (Partner, Houston)
- Labor: Scott Nelson (Partner, Houston)
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.
