Atome Energy Signs Agreement for Hydrogen Plant in Villeta, Paraguay
Key Ideas
- Atome Energy signs a commercial agreement with Yara International ASA to purchase 100% of the production from a hydrogen plant project in Villeta, Paraguay.
- The agreement enables Atome Energy to seek financing for the USD 500 million investment, with construction expected to start before the end of the year.
- The hydrogen plant will create employment opportunities, directly employing around 1,300 people during construction and 1,100 once operational, with an estimated start of fertilizer production in 2027.
- Government officials emphasize the importance of this investment in promoting sustainable production and positioning Paraguay as a platform for low-environmental-impact projects, aligned with the country's vision for economic development and energy diversification.
Atome Energy has signed a significant agreement with Yara International ASA to acquire the entire production of a hydrogen plant project located in Villeta, Paraguay. This deal has paved the way for the company to move forward with its financial plan and secure financing for the upcoming construction, expected to commence later this year. The project is anticipated to require an investment of USD 500 million, with construction activities likely to generate employment for approximately 1,300 individuals directly and create 1,100 operational jobs once the plant is functional, primarily for fertilizer production starting in 2027. By collaborating with multilateral organizations and receiving support from BID Invest, Atome Energy aims to realize its sustainable production aspirations in Paraguay. The commitment towards utilizing hydrogen as a key resource aligns with the government's strategy to attract investments in environmentally friendly ventures, promoting a green and economically diverse landscape in the country. The development of this hydrogen plant in Villeta not only signifies a step towards energy diversification but also reinforces Paraguay's position as a hub for sustainable projects, as highlighted by government officials emphasizing the positive impact on the nation's economic and environmental objectives.