ATOME has completed a front-end engineering and design (FEED) study for its 145MW green hydrogen-based fertiliser project in Villeta, Paraguay, with the target of final investment decision (FID) by the end of 2024. The project aims to produce 264,000 tonnes per year of green calcium ammonium nitrate (CAN) fertiliser, utilizing green hydrogen generated from the 14GW Itaipu hydroelectric dam. The endeavor is projected to displace up to 15 million tonnes of carbon dioxide equivalent (CO2e) over its lifetime. ATOME's project in Villeta has received significant support, including a free-trade zone grant in November 2023, enabling tax exemptions. The company is progressing with offtake and engineering, procurement, and construction (EPC) negotiations to commence production in 2027 and is set to build a larger 300MW fertiliser project in Yguazu. The project represents a significant step towards decarbonizing agriculture and the region's fertiliser market. Despite challenges faced by the hydrogen industry in achieving financial close and FID, ATOME's project showcases a positive and advanced transition in the sector's journey towards a hydrogen economy.