Jul 16 2024
- Long-term agreement marks significant milestone for WVR to deliver clean ammonia production in the U.S. while sequestering associated carbon dioxide
- WVR plans to leverage Baker Hughes’ extensive portfolio of solutions, including drilling and completion services, compression equipment
HOUSTON – July 16, 2024 – Baker Hughes, an energy technology company, has signed a long-term agreement with Wabash Valley Resources (WVR), a leader in low-carbon ammonia fertilizer production, to supply advanced technology services and solutions to support WVR’s ammonia production with compression systems, injection well construction and perform testing and monitoring services for the geological sequestration of carbon dioxide.
Organizations
Wabash Valley Resources’ clean ammonia fertilizer project will utilize leading-edge technology to repower and repurpose an existing gasification plant, becoming Indiana’s first ammonia fertilizer plant. It will serve the Corn Belt and agricultural community by creating a sustainable, reliable supply of domestic, lower-cost fertilizer produced through a zero-carbon-capable process while capturing 1.65 million tons of CO2 per year. Construction and operation of the facilities will strengthen the local economy by creating high-paying, high-quality jobs and building local skills and expertise by employing hundreds of construction workers and operations personnel.
“We are excited for this milestone with Wabash Valley Resources to advance geological carbon capture and storage technology in the United States,” said Judit Prieto, senior vice president for Enterprise Customer Solutions at Baker Hughes. “This agreement underscores Baker Hughes’ strategic commitment to new energy ventures that leverage our technical excellence and safety standards through decades of experience.”
In January 2024, WVR received two Class VI permits from the U.S. EPA to construct CO2 injection wells in Indiana. These are the first Class VI permits issued by the EPA since 2014 and the first in a new wave of over 100 well applications pending before the U.S. Environmental Protection Agency.
“This collaboration with Baker Hughes enables us to leverage its world-class technology and expertise to achieve our project goals,” said Dan Williams, chief operating officer at Wabash Valley Resources. "With safety as our top priority, we have chosen Baker Hughes, a leader in carbon capture and storage technology with a proven track record. Its extensive experience and commitment to industry best practices ensure that our project will meet and exceed the highest safety standards. We are confident this collaboration will drive innovation and secure a sustainable future for our community."
For over 100 years, Baker Hughes has been a pioneer in drilling services and has more than a decade of experience in carbon capture, utilization, and storage (CCUS) technologies. The company’s broad portfolio of CCUS solutions, technologies, and services includes pre-FEED and FEED consultation; project design; capture and purification; fit-for-purpose CO2 compression technology; well design and construction for storage, carbon transportation and injection; and monitoring and site stewardship.
Baker Hughes expects orders, in relation to this agreement, upon successful project sanction.
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
About Wabash Valley Resources
Wabash Valley Resources LLC (WVR) is a pioneer in low-carbon ammonia fertilizer production. WVR has partnered with the U.S. Department of Energy (DOE), National Energy Technology Laboratory (NETL), other preeminent national labs, and state geological surveys to advance, develop, and validate technologies that enable safe and permanent geologic storage of carbon dioxide. The company will be one of the first suppliers of low-carbon fertilizer in the Eastern Corn Belt, supporting the decarbonization of farming practices. Visit us at wvresc.com.
For more information, please contact:
Baker Hughes Media Relations:
Adrienne M. Lynch
+1 713-906-8407
adrienne.lynch@bakerhughes.com
Wabash Valley Resources:
Pete Rimsans
+1 317-513-9071
primsans@wvresc.com...
Read the full news release here
