US Offers $1.6 Billion in Financing for Ammonia Plant.

The Biden administration is offering $1.6 billion in financing to an ammonia production facility in Indiana to create a domestic supply of low-carbon fertilizer. The funding would help finance the waste-to-ammonia production facility, which will use carbon capture and sequestration technology to repurpose petroleum coke and store carbon dioxide. The project has received support from hydrogen vehicle startup Nikola Corp. and Climate Investment. [Extracted from the article]