ADA Green Hydrogen Holdings BV is planning to inject more than USD 100 million into a green hydrogen and ammonia project in Paraguay, specifically in the town of Villa Hayes. This initiative aims to position Paraguay as a significant regional center for renewable energy. The project, which will operate under the name 'Honest Ada Hydrogen Investment EAS,' is set to commence operations in the first quarter of 2028 following the construction phase starting in the second quarter of 2024. The choice of Villa Hayes as the project's location is strategic due to the logistical benefits it offers, facilitating scalable production capacity. Akin Gunduz, the president of Ada Green Hydrogen Investments BV, expressed pride in the transformative impact of this substantial investment, highlighting its potential to propel Paraguay's green hydrogen sector forward while fostering economic growth and environmental sustainability. Ada Green Hydrogen Investment BV, an entity formed through the merger of Erih Holdings BV and Pash Global, is primarily owned by Trafigura and focuses on advancing green hydrogen projects globally. This particular project in Paraguay is expected not only to enhance the country's energy security but also to create opportunities for exporting green hydrogen, leading to significant economic gains and long-term growth prospects. The venture is viewed as a vital step in promoting a sustainable energy transition. Overall, the investment from Ada Green Hydrogen Holdings BV signifies a major boost for Paraguay's renewable energy sector, with the potential to drive job creation, technological progress, and overall economic development in the region. The project aligns with global efforts towards sustainable energy solutions and environmental stewardship, while positioning Paraguay as a key player in the green hydrogen market.