Paraguay's Green Hydrogen Project in Villeta Gains International Support
Key Ideas
  • Atome PLC reaffirms commitment to install a green hydrogen plant in Villeta, Paraguay, emphasizing the country's investment-grade rating attracting foreign capital.
  • Yara plans to purchase 100% of the future plant's fertilizer production, derived from green hydrogen, securing commercialization agreements with Atome Energy.
  • President Santiago Peña engages with Atome Energy and Hy24 to explore investment opportunities for the $500 million hydrogen and fertilizer production plant in Villeta.
  • Financing partnerships with institutions like BID Invest are being arranged to support the significant investment in the green hydrogen project.
Paraguay is attracting international investors with its commitment to diversifying the economy and promoting sustainable development. Atome PLC's CEO, Olivier Mussat, has reaffirmed the company's dedication to installing a green hydrogen plant in Villeta. The recent achievement of an investment-grade rating in Paraguay has been pivotal in luring foreign capital, complemented by support from multilateral organizations. Atome Energy's $500 million project for a hydrogen and fertilizer production plant in Villeta has already secured agreements with Yara for the plant's entire fertilizer output. President Santiago Peña's discussions with Atome Energy, Hy24, and potential financing partners like BID Invest highlight the country's efforts to facilitate the green hydrogen project's realization.
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