Why Washington and Big Oil are investing billions in ammonia

Ammonia is a hot commodity that is attracting billions in investment for its use in fertiliser. (Image: Wabash Valley Resources)

The Wall Street Journal

Tue, 17 Sep 2024

By Scott Patterson Most people think of ammonia as a household cleaner. To big oil companies, climate investors and the US Government, it is a hot commodity that is attracting billions of dollars for its use in fertiliser and low-carbon energy. The latest bet is a US$1.56 billion (NZ$2.52b) Energy Department loan commitment for an ammonia project in Indiana. The agreement comes on top of a recent US$2.35b (NZ$3.79b) deal for a Gulf Coast project by an Australia-based energy company, a big investment from Abu Dhabi’s national oil...

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