The project is due to begin production in late 2029 © Atome
Atome’s Villeta green fertilisers project was supposed to be proof that green hydrogen was moving beyond pilot projects. Now, it is becoming a case study in the political risks that still accompany large-scale industrial investments.
The 145MW calcium ammonium nitrate (CAN) project reached final investment decision , after finalising a $665m financing package with lenders including the World Bank Group, Inter-American Development Bank, and European Investment Bank.
It is planned to use hydropower from the existing 14GW Itaipu Hydroelectric Dam to power 110MW of electrolysers to produce green hydrogen for the process. Fertiliser major Yara had already agreed to offtake all 260,000 tonnes of CAN per year for a decade.
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