Atome PLC secures $665 million financing for 60,000 tpa green hydrogen-based fertilizer plant in Paraguay
Type: Financing · Technology: Hydrogen · Country: Paraguay · Value: $665M · Announced: 2026-04-24
Atome PLC reached Final Investment Decision (FID) on a $665 million green hydrogen-based fertilizer plant in Villeta, Paraguay, marking the first industrial-scale facility of its kind globally to achieve FID. The 60,000 tonne-per-year (tpa) low-carbon fertilizer plant will produce fertilizer using green hydrogen-based processes, with full production expected to commence by or before October 2029. The project funding includes $420 million in debt financing from international development finance institutions and $245 million in equity investment led by Hy24 through its Clean Hydrogen Infrastructure Fund, alongside IFC, KfW DEG, IFDK, Sudameris, and Atome PLC. The financing structure includes a $245 million equity investment led by Hy24, with additional support from IFC, KfW DEG, IFDK (backed by an EFSD+ guarantee under the EU Global Gateway strategy), and Sudameris, Paraguay’s second-largest financial institution. The project is not being developed through UK government grants or aid, positioning it as a fully commercial initiative in the green hydrogen fertilizer sector.
Analysis
Atome PLC secured $665 million in financing for a 60,000 tpa green hydrogen-based fertilizer plant in Villeta, Paraguay, with full production expected by October 2029. The financing includes $420 million in debt from lenders such as IFC, KfW DEG, IFDK, EFSD+, and Sudameris, Paraguay's second-largest financial institution. Hy24, a clean hydrogen investment platform, led a $245 million equity investment through its Clean Hydrogen Infrastructure Fund, alongside IFC, KfW DEG, IFDK, Sudameris, and Atome PLC. IFDK's contribution is backed by an EFSD+ guarantee under the EU Global Gateway strategy. The project is a fully commercial initiative in the green hydrogen fertilizer sector and is not being developed through UK government grants or aid.
Key points
- Atome PLC secured $665 million in financing.
- The project is a 60,000 tpa green hydrogen-based fertilizer plant in Villeta, Paraguay.
- Full production is expected by October 2029.
- Financing includes $420 million in debt and $245 million in equity.
- Hy24 led the equity investment through its Clean Hydrogen Infrastructure Fund.
Counterparties
- KfW DEG (Lender)
- Sudameris (Lender)
- EFSD+ (European Fund for Sustainable Development+) (Lender)
- IFDK (Danish Government Development Fund) (Lender)
- IFC (Lender)
- ATOME PLC (Developer)
- Hy24 (Investor)