Honeywell Carbon Capture Technology to Help Transform Shuttered Power Plant Into Fertilizer Facility Supporting U.S. Farmers

CHARLOTTE, N.C., Oct. 30, 2025 -- Honeywell (NASDAQ: HON) today announced that its industry-leading carbon capture technologies will be used by Wabash Valley Resources, LLC (WVR) in an innovative new project to create hydrogen and ammonia fertilizer for America's farmers, strengthening national energy independence and security.

To fund the project, WVR recently secured a $1.559 billion loan from the U.S Department of Energy through a program focused on unleashing American energy dominance by investing in and fully utilizing domestic energy infrastructure. . The project will restart and modernize a gasification facility in Indiana to build one of the first plants in the U.S. that makes hydrogen and ammonia with less carbon intensity.

The West Terre Haute facility in Indiana will implement Honeywell's carbon capture technology to capture and permanently store nearly 1.65 million tons of CO₂ annually underground, equivalent to the carbon sequestered by over 1.65 million acres of U.S. forests in one year¹.

"As energy demand increases, Honeywell's carbon capture technologies help customers like Wabash Valley Resources optimize operations and reduce emissions to help boost the domestic production of important inputs like ammonia to support American agriculture," said Ken West, president and CEO of Honeywell Energy and Sustainability Solutions. "WVR's West Terre Haute facility highlights the importance of public-private partnerships and shows the key role they play in advancing innovative technologies that can modernize traditional industries and improve the reliability and resilience of the U.S. energy sector."

Once fully operational in 2028, the facility will produce 500,000 metric tons of anhydrous ammonia fertilizer annually. By scaling domestic production and reducing the industry's reliance on imported supply, WVR aims to put downward pressure on fertilizer prices for American farmers. The company expects to replace half the imported supply for farmers across the Corn Belt, including in Illinois, Indiana, and Ohio.

"Our goals are to strengthen America's fertilizer supply chain by reducing dependence on imports and advancing cleaner, more efficient production here at home," said Dan Williams, CEO of Wabash Valley Resources. "By utilizing Honeywell technology, we are paving the way for cleaner fertilizer production in the United States."

SAMSUNG E&A, a total solutions provider for the global energy industry, is responsible for the engineering and design of the facility. Honeywell and SAMSUNG E&A have a collaborative endeavor to jointly market Honeywell's advanced solvent carbon capture (ASCC) technology.

About Honeywell

Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends - automation, the future of aviation and energy transition - underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter, safer, more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

¹ https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator#results