Atome buys land for Paraguay project
Firm aims to take FID before year-end, with completion by 2025
UK-headquartered Atome Energy has acquired a 75-acre (30-hectare) site for its Villeta green hydrogen production facility in Paraguay for $900,000. The company signed a 60MW power-purchase agreement with national utility Ande earlier this year and has commissioned a Feed study. It anticipates taking FID on the project in the second half of 2022 and wants to complete the facility three years after that. “The large 75-acre footprint not only enables Atome to have room for future expansion and facilitation of storage but also gives [the company] the scale to grow its business footprint and attract associated industries and provide new sustainable jobs,” says Atome CEO Olivier Mussat. $900
Also in this section
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey
4 April 2024
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval