VILLETA GREEN H2 FERTILISER PLANT

Promoter – Financial Intermediary

ATOME PLC

Location

• Paraguay

Description

The project will finance the construction and operation of a low carbon fertiliser plant for the production of 260,000 tpa of low carbon Calcium Ammonium Nitrate (CAN), located in Villeta, Paraguay. The plant includes 110 MW of electrolysis capacity for the production of green hydrogen, used to produce green ammonia which is further processed into low carbon CAN fertiliser.

Objectives

The aim is to implement the production of low carbon calcium ammonium nitrate (CAN) fertiliser at commercial scale, using renewable energy. As such, the project represents a flagship example of green ammonia production and application in low carbon nitrogen fertiliser production at commercial scale. The purpose is to demonstrate the possibility to implement a production process fully powered by renewable energy in one of the most carbon intensive industrial sectors, the production of nitrogen fertiliser. Such objectives are fully aligned to the EU Green deal and EU decarbonisation policies, including the achievement of carbon neutrality by 2050. The applications of the produced low carbon CAN fertiliser in agriculture may also lead to a reduction of the environmental impact of agricultural primary production.

Sector(s)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

USD 135 million (EUR 122 million)

Total cost (Approximate amount)

USD 634 million (EUR 571 million)

Environmental aspects

The promoter has already received by the competent authority the related environmental permits. The application of the EIB Environmental and Social Standards as well as the Environmental Social Impact Assessment (ESIA) will be further verified during the project appraisal.

Procurement

The promoter has to ensure that the project implementation will be done in accordance with the EIB's Guide to Procurement.

Status

Under appraisal - 16/12/2024