EIB Global Funds ATOME's Green Hydrogen Fertiliser Plant in Paraguay with USD 95 Million
- EIB Global provides up to USD 95 million for Villeta Green H₂ Fertiliser Plant in Paraguay.
- The plant will produce 260,000 t/yr of low-carbon calcium ammonium nitrate.
- Construction and operation will create over 5,000 direct and indirect jobs.
- The project uses Paraguay's fully renewable electricity for green hydrogen production.
Project Overview
The Villeta Green H₂ Fertiliser Plant, developed by ATOME PLC, will produce approximately 260,000 tonnes per year of low-carbon calcium ammonium nitrate. This initiative utilizes green hydrogen derived from Paraguay's fully renewable electricity system, aiming to decarbonize a challenging sector.
Economic Impact
The project is expected to generate over 5,000 new direct and indirect jobs during its construction and operational phases. It will establish a competitive regional source of low-carbon fertiliser, enhancing sustainable agricultural and industrial development in the Mercosur region.
Strategic Importance
Located near the Parana–Paraguay waterway and major agricultural hubs in Brazil and Argentina, the plant is poised to become a key fertiliser supplier in the region. By replacing fossil-based hydrogen with green hydrogen, it will significantly reduce emissions and contribute to food security and supply stability for regional farmers.
Financial Structure
The financing, provided under a project-finance, non-recourse structure, involves international financial institutions such as IFC, IDB Invest, FMO, and the Green Climate Fund. The plant will operate under a long-term power purchase agreement with Paraguay’s state-owned utility ANDE, ensuring a stable supply of renewable electricity.
Source: EIB