FMO accelerates green hydrogen deployment in Paraguay through $94.8 million investment in green fertilizer project
In the Netherlands, FMO, the Dutch entrepreneurial development bank, announced a senior secured loan of up to $94.8 million to support ATOME Paraguay SAE in financing the Villeta Green Fertilizer Project, one of the world’s first industrial scale facilities to produce green nitrogen fertilizers using green hydrogen made from 100% renewable electricity.
With a total project cost of $664.4 mln, the Villeta facility will produce approximately 260,000 metric tons of green calcium ammonium nitrate (CAN) annually.
The FMO noted that the loan forms part of a broader financing package with IDB Invest, the European Investment Bank (EIB), IFC, and the Green Climate Fund, enabling one of the first globally significant green hydrogen-to-fertilizer projects to advance to full financing and construction in an emerging market.
Category: Hydrogen
