Atome, the UK-based green hydrogen, ammonia, and fertilizer project development company, has issued a notice to seek project financing for a fertilizer project in Paraguay, according to information from the company.
The financing is for Phase 1 of the Villeta project, issued by Natixis Corporate & Investment Banking. The project will deliver green fertilizer to both South American and European markets.
The publicly traded company has large-scale projects in Latin America and Europe.
Carbon footprint analytics indicate a significant amount of carbon credit revenue generation, with some 500,000 credits potential each year, an alert sent out by the company states.
Management will present to all shareholders on 6 September at 11 a.m. BST. IDB Invest, the Washington DC based multilateral for the Americas, is already onboard with a signed mandate.
Initial carbon footprint analysis indicates a potential displacement of some 500,000 tons of carbon dioxide-equivalent each year from the production of green fertilizer at Villeta.
“As a result, the company estimates that it has the potential to generate approximately 500,000 valuable carbon credits each year,” company materials state.
