Hy24, a French hydrogen investor, is considering a substantial investment of up to $115 million in ATOME's green hydrogen-based fertilizer project in Villeta, Paraguay. The investment would aid in establishing a facility that utilizes electrolysis powered by hydropower to produce green hydrogen, which will then be converted into green calcium ammonium nitrate (CAN) fertilizer. This 145-megawatt project, set to commence production by 2027, aims to export fertilizers derived from baseload renewable power. With an annual production capacity of 264,000 tons of CAN fertilizer, the Villeta Project is anticipated to play a significant role in reducing emissions in the sector. ATOME envisions this project to be a key player in renewable fertilizer production on a large scale in the Western Hemisphere. The investment comes from Hy24's Clean Hydrogen Infrastructure Fund, a joint venture between Ardian and FiveT Hydrogen, signaling a strong focus on sustainable infrastructure and renewable energy initiatives.