ADA Green Hydrogen Holdings BV presented a project to establish green hydrogen and ammonia production in Villa Hayes, Paraguay, aiming to position the country as a regional renewable energy hub. The investment exceeds USD 100 million, with construction scheduled to begin in the second quarter of 2024 and operations in the first quarter of 2028. The initiative, named "Honest Ada Hydrogen Investment EAS," is set to bring significant socio-economic benefits such as job creation, technological advancements, and enhanced energy security. Akin Gunduz, the investor, emphasized the transformative impact of the investment on Paraguay's green hydrogen sector, fostering economic growth and environmental stewardship. The project is expected to strengthen Paraguay's energy security, open avenues for green hydrogen exports, and generate economic revenues. ADA Green Hydrogen Holdings BV's focus on sustainable energy solutions aligns with global efforts for the energy transition. The choice of Villa Hayes as the plant location is strategic due to logistical advantages, aiming for scalable production capacity. This initiative signifies a significant step for Paraguay towards renewable energy prominence, with potential long-term growth and contributions to environmental sustainability.