Hy24, a French hydrogen investor, is considering committing up to $115 million to become the anchor and lead equity investor in ATOME’s green hydrogen-based fertilizer project in Villeta, Paraguay, according to multiple reports.
The investment would support the development of a facility that produces green hydrogen through electrolysis powered by hydropower, which will be converted into green calcium ammonium nitrate (CAN) fertilizer. Once completed, the 145-megawatt fertilizer project will produce and export fertilizers derived from baseload renewable power from 2027. The Villeta Project is expected to produce up to 264,000 tons per year of CAN fertilizer, which is expected to displace significant emissions in the sector.
ATOME expects the Villeta Project to be one of the largest renewable fertilizer production facilities in the Western Hemisphere.
Hy24’s Clean Hydrogen Infrastructure Fund, a 50/50 joint venture between Ardian and FiveT Hydrogen, has now si
