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Blue Pony Energy is set to build a $1.6 billion clean fuels manufacturing facility in Lovington, New Mexico, aimed at converting natural gas into synthetic fuels and specialty products. This project will create 90 direct jobs and approximately 221 indirect jobs over the next ten years, with an estimated economic impact of $4.6 billion on the state's economy.

The facility will significantly reduce carbon intensity and support New Mexico's climate goals of reducing pollution by 45% by 2030 and achieving net-zero emissions by 2050. Blue Pony may qualify for up to $2 million in funding through the state's Local Economic Development Act, contingent upon meeting construction and hiring milestones.