Yara Secures Exclusive Offtake Agreement for Green Hydrogen-Based Fertilisers in Paraguay
Key Ideas
- Yara commits to offtake all green hydrogen-based fertilisers from ATOME's 145MW project in Villeta, Paraguay from 2027.
- ATOME's green CAN production aims to displace 15 million tonnes of CO2e, contributing to environmental sustainability.
- The agreement marks a significant milestone for ATOME, ensuring funding, FID, and project commencement, while opening new opportunities for Yara in the Americas.
- ATOME's expansion plans in Paraguay and Costa Rica are boosted by the agreement, indicating confidence for future developments.
Yara has signed an exclusive agreement with ATOME to offtake all the green hydrogen-based fertilisers produced by ATOME's 145MW project in Villeta, Paraguay, starting from 2027. This agreement includes a long-term supply of 264,000 tonnes per year of calcium ammonium nitrate (CAN) as part of Yara's 'Yara Climate Choice' portfolio. The project, powered by hydropower from the Itaipu hydroelectric dam, aims to displace up to 15 million tonnes of carbon dioxide equivalent (CO2e) over its lifetime, contributing to carbon reduction efforts. ATOME's CEO, Olivier Mussat, highlighted the significance of the agreement, marking a key step towards project realization. Yara's Executive Vice-President Americas, Chrystel Monthean, sees this as an opportunity to expand Yara's renewable fertiliser portfolio in the Americas. Additionally, ATOME's future expansion plans in Paraguay and Costa Rica are expected to accelerate with the confidence gained from this agreement. The overall sentiment towards hydrogen in this article is positive, emphasizing its role in promoting sustainability and driving forward renewable energy initiatives.
Topics
Green Hydrogen
Renewable Energy
Investment
Carbon Reduction
Carbon Capture
Expansion
Hydropower
Offtake Agreement
Green Fertilisers
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