In the news release, Leaders Applaud DOE’s $ 1.5 Billion Loan to Wabash Valley Resources, released 29-Oct-2025 by Wabash Valley Resources over PR Newswire, we are encouraged by the business that the President & & CEO of SAMSUNG E&A’s name ought to be spelled as “Hong Namkoong” instead of “Hong Namkoon” as initially released unintentionally. The total, fixed release follows:
Leaders Praise DOE’s $1.5 Billion Loan to Wabash Valley Resources
National, state, and market leaders commemorate a transformative financial investment advancing U.S. fertilizer production, energy self-reliance, and local revitalization
WEST TERRE HAUTE, Ind., Oct. 29, 2025/ PRNewswire/– Following U.S. Secretary of Energy Chris Wright’s statement of a $ 1.5 billion DOE loan closing for Wabash Valley Resources (WVR), nationwide and state leaders, innovation partners, and financiers released the following declarations commemorating this landmark financial investment in America’s energy, commercial, and agribusiness future.
The Energy Supremacy Funding (EDF) loan supports WVR’s $ 2.6 billion tidy ammonia fertilizer job, which will repurpose an existing clean-coal gasification plant for ammonia production.
What They Are Stating:
U.S. Energy Secretary Chris Wright
” For too long, America has actually depended on foreign sources of fertilizer,” stated U.S. Energy Secretary Chris Wright “Under President Trump’s management, we are altering that by putting America initially, depending on American coal, American employees, and American development to power our farms and feed our households.”
Guv Mike Braun, R- Ind.
” I applaud President Trump, the U.S. Department of Energy, and their Energy Supremacy Funding program for this smart financial investment in Indiana Wabash Valley Resources is putting America initially– changing an idle fossil energy plant into a fertilizer engine that reinforces our farmers, boosts energy self-reliance, and rejuvenates coal nation. This is the sort of vision and management we require to contend worldwide.”
U.S. Rep. Mark Messmer, R- Ind., 8th District
” This strong financial investment is precisely the sort of positive effort our neighborhoods should have. President Trump is not just increasing American farming and energy self-reliance, however likewise bringing tasks, success, and restored function to every corner of Indiana’s 8th District. I praise WVR and eagerly anticipate working hand in hand to guarantee this is successful for our farmers, our employees, and our country’s security.”
Simon Greenshields, Chairman of the Board, Wabash Valley Resources
” We are grateful to the management of the U.S. Department of Energy and its Loan Programs Workplace for their self-confidence in our vision and unfaltering collaboration,” stated Simon Greenshields, Chairman of the WVR Board. “Senator Jim Banks, Congressman Mark Messmer, and Guv Mike Braun have actually been steady champs from the beginning. Their dedication to reinforcing Indiana’s energy facilities and protecting reputable fertilizer supply chains for America’s farmers has actually been necessary to reaching this turning point.
” We are similarly honored by the trust revealed by the Federal government of the Republic of Korea through its Ministry of Land, Facilities and Transportation (MOLIT), and by our Korean financial investment partners, Hanwha Property Management and Korea Financial Investment Real Property Management Co., Ltd. (KIRA), who have actually purchased Wabash,” Greenshields included. “ Wabash shows what’s possible when DOE’s catalytic assistance is integrated with relied on worldwide capital. Together, we are creating a brand-new chapter in U.S.– Korea energy cooperation that advances shared objectives of commercial development, energy security, and financial strength.”
Dan Williams, Ceo, Wabash Valley Resources
” This job is more than a financial investment; it’s a brand-new chapter for a first-rate center and the neighborhood that constructed it. With the assistance of the U.S. Department of Energy, our chosen leaders, our Korean partners, and America’s proficient labor force, we’re bring back good-paying tasks and showing that rural Indiana can assist lead America’s tidy energy future.
” We’re particularly grateful to the males and ladies of arranged labor– especially the nationwide IBEW and our regional structure trades unions– whose ability and professionalism will bring this vision to life.”
Peter Sherk, Establishing Board Member, Wabash Valley Resources
” We are similarly grateful for the persistence, trust, and knowledge of our tactical partners. The steady dedication and first-rate development of Baker Hughes, Samsung E&A, Honeywell UOP, and Casale have actually assisted change an enthusiastic concept into truth.”
Lorenzo Simonelli, Baker Hughes Chairman and CEO
” We are happy that with the Department of Energy’s assistance, Wabash Valley Resources will take advantage of Baker Hughes’ sophisticated innovation, subsurface knowledge and digital services– consisting of the very first application of CarbonEdge– to improve American energy production. This collaboration showcases how digital development can move on the American energy renaissance.”
Hong Namkoong, SAMSUNG E&A President & & CEO
The Tidy Ammonia Job with Wabash Valley Resources is a landmark effort driven by close partnership in between the U.S. and Korean federal governments, in addition to leading business from both countries.
SAMSUNG E&A President & & CEO, Hong Namkoong, stated,” We are honored that SAMSUNG E&A is empowered to take advantage of its tested knowledge and ingenious innovations to guarantee the effective execution of this job, adding to a more progressive energy future and the ongoing development of U.S. market.”
Ken West, president and CEO of Honeywell Energy
” As energy need boosts, Honeywell’s carbon capture innovations assist consumers like Wabash Valley Resources enhance operations and minimize emissions to assist enhance the domestic production of crucial inputs like ammonia to support American farming,” stated Ken West, president and CEO of Honeywell Energy and Sustainability Solutions. “WVR’s West Terre Haute center highlights the value of public-private collaborations and we value the U.S. Department of Energy’s assistance to advance ingenious innovations that can improve standard markets and enhance the dependability and strength of the U.S. energy sector.”
SOURCE Wabash Valley Resources