ATOME the developer of international green fertiliser projects, has announced the signing of non-binding Heads of Terms with Hy24’s Clean H2 Infra Fund for a potential investment of up to US$115 million in its flagship Villeta project in Paraguay.

The agreement positions the Clean H2 Infra Fund as the anchor and lead equity investor in ATOME’s 260,000 tonnes per annum green fertiliser initiative. This milestone marks significant progress toward the Final Investment Decision (FID).

Olivier Mussat, CEO of ATOME, commented:

“We welcome Hy24, a worldwide leader in hydrogen private equity finance, as an anchor equity investor and are excited to bring the project to full financial close in the first half of this year. The Hy24 team has demonstrated deep industry expertise that will accelerate our project development. This demonstrates the substantial value in ATOME’s business model of developing shovel-ready projects that combine market offtake and strong financial returns with significant development impact, backed by our proven management expertise.”

Pierre-Etienne Franc, CEO and Co-Founder of Hy24, commented:

“This marks Hy24’s first step toward a potential direct investment in the region through our Clean H2 Infra Fund. We are committed to supporting the most promising project developers who contribute to providing cleaner alternatives. ATOME’s Villeta project stands as one of South America’s most advanced green fertiliser initiatives, driven by Paraguay’s exceptional renewable resources, a highly experienced team that has effectively advanced the project’s development, and strong offtake potential within the Mercosur region. Villeta has the capacity to significantly enhance the region’s food sovereignty.”

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