ATOME Energy has announced that a final investment decision on its Villeta green hydrogen and ammonia project is on track for the second quarter of 2023.
Natixis CIB, ATOME’s international financial advisor, has gone out for funding for the facility.
The 120MW Paraguay-based Villeta project aims to reach full production of 100,000 tonnes of green ammonia by 2025.
In preparation for the FID, global energy and chemicals advisory company NexantECA has been appointed as market consultant.
In addition, the company reported that the deal to purchase 75 acres of land for the Villeta project facility has been completed for US$900,000.
Paraguay’s Sudameris Bank provided the commercial mortgage to fund the acquisition.
Olivier Mussat, CEO of ATOME, commented: “With the land acquisition now completed following the support of Sudameris Bank and the appointment of NexantECA to conduct a market study, ATOME continues to deliver on its milestones to FID.
“The company looks forward to working with Sudameris Bank in the future on Paraguayan green energy projects and is appreciative of the bank’s foresight in supporting the drive towards a green economy in the country.
“We are also advancing on the project funding process and seeing significant amount of interest from international financial sources on funding the green hydrogen and ammonia Villeta project led by our Financial Adviser Natixis CIB, one of the world leaders in hydrogen and energy infrastructure funding.”