Green hydrogen developer Atome Energy has secured an agreement with an investor to finance aspects of its PtX project in Paraguay.
The developer has signed a mandate letter with the multilateral investment institution IDB Invest to consider financing its industrial scale green hydrogen and ammonia facility at Villeta.
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IDB Invest has agreed to provide certain grant funding towards the costs of the Environmental and Social Impact Assessment (ESIA).
The ESIA is a key step of project development and necessary as a matter of course by all funders before FID on the project, on track for the second quarter of 2023.