The Atome Energy group, a UK-based company, has finalized the FEED study to invest nearly $500 million in a hydrogen and green ammonia factory in Villeta, Paraguay. This investment is expected to create approximately 4,000 jobs directly and indirectly. The Villeta Project, considered one of the most advanced globally, aims to commence construction before 2024 and provide carbon-free fertilizers to contribute to the decarbonization of challenging sectors. Atome's focus now revolves around finalizing procurement agreements for the green fertilizers and signing the EPC contract, with the goal of reaching the Final Investment Decision (FID) this year. By advancing discussions on the EPC contract, the company anticipates appointing main contractors by mid-2024. Atome is a publicly listed company targeting green fertilizer production, with multiple projects in Paraguay and potential ventures in Central America. The company aims to produce green fertilizers at an industrial scale using electricity from hydropower sources in Paraguay and Costa Rica. The chosen sites for these projects are strategically located near power and water sources as well as export facilities to meet both local and international demand.