(NewsDirect)
ATOME Energy PLC (AIM:ATOM) CEO OlivierMussat speaks to Proactive's Thomas Warner to share an update onprogress with the green ammonia Villeta project in Paraguay.
Mussat starts by highlighting the recentsecuring of investment from Baker Hughes and the support of theParaguayan government, which has granted earning tax-free zone statusfor their project. Additionally Mark Randall, a prominent investor inrenewable ventures, has joined as a new investor.
Advancements on the engineering side havealso prompted the company to release a video showcasing theirproject's specifics, including plant schematics and downstreammarket prospects. On the financing front, ATOME Energy is activelyengaging with investors and lenders, offering a detailed investmentmemorandum outlining the technical, market, and economic aspects ofthe project.
The venture's focus on green fertilisers alignswith the substantial demand in the agriculture sector, where ammoniaconstitutes over 80% of current fertiliser demand. Mussat emphasisesthe project's potential to generate carbon credits, significantlycontributing to sustainability goals and creating local jobs inParaguay.
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