Atome has finalized a $45m Engineering, Procurement, and Construction (EPC) contract with Swiss engineering firm Casale for a green hydrogen-based fertiliser project in Paraguay. The project, located in Villeta, is set to have a capacity of 145MW and produce 260,000 tonnes of green calcium ammonium nitrate (CAN). The green hydrogen required for the project will be produced through electrolysis powered by hydropower. Casale aims to construct the facility under a fixed-price, lump-sum contract, targeting a construction timeline of approximately 38 months to reach full production. CEO Frederico Zardi expressed confidence in delivering a design that will make sustainable fertiliser production economically competitive compared to conventional grey fertilisers. Atome's CEO, Olivier Mussat, highlighted the EPC contract as a significant step towards the final investment decision (FID), expected by the first half of 2025. The project has also attracted investments, with Hy24 potentially investing $115m, contingent on various agreements being finalized. Additionally, Yara has a non-binding agreement to offtake the entire output of the plant, further cementing the project's foundations. The project is seen as a crucial milestone for Atome's broader strategy to establish a leading green fertiliser development platform.