ATOME PARAGUAY SAE
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
ATOME PLC ("Atome PLC" or the "Sponsor") is a UK-based company listed on the London Stock Exchange since 2021 under the ticker AIM: ATOM. Atome PLC focuses on developing and operating projects involving green hydrogen, ammonia, and fertilizers, driving sustainable solutions in the energy sector. ATOME is developing a green fertilizer project in Paraguay: the 145 MW Villeta Green Fertilizer Project comprises the construction, operation, and maintenance of a green fertilizer plant with a yearly production capacity of 264,000 tons of green Calcium Ammonium Nitrate (“CAN”). The green hydrogen, ammonia, and fertilizer will be produced using 100% green electricity from the Paraguay grid (sourced from the Itaipu and other hydro projects). The plant is expected to be operational by the second half of 2028.
What is our funding objective?
The transaction is a USD 94.8 mln loan, and the proceeds will finance the development, construction, and operation of a Green Fertilizer Plant in Paraguay.
Why do we fund this investment?
The transaction fits well with FMO’s Green Hydrogen Strategy as it is an opportunity to decarbonize the fertilizer value chain in the context of a growing population and demand for fertilizers for food production in line with SDG 2. Furthermore, FMO's additionality is evident in addressing the scarcity of long-term debt financing options in Paraguay, thereby catalyzing green fertilizer development.
What is the Environmental and Social categorization rationale?
The project is an environmental and social (E&S) risk category B+ investment, to be confirmed during due diligence (DD). This is related to the risks from both the Construction Phase (CAN fertilizer plant) and the Production Phase (CAN). The E&S risks have been determined in the E&S Impact Assessment (ESIA), prepared by a qualified international expert, and based on relevant local legislation and the FMO Sustainability Criteria, including the IFC Performance Standards (PSs) 2012. Project risk management is based on an E&S Management System (ESMS) and underlying E&S Management Plans based on the results of the ESIA. The applicable IFC PSs are 1, 2, 3, 4, and 6. PS 5 on land is not applicable (willing seller – willing buyer). PS 7 on Indigenous Peoples is not applicable according to the ESIA (this will be verified during the DD; some families identified as Indigenous Peoples live in the region but are not directly impacted by the project). PS 8 on Cultural Heritage, was not identified in the ESIA as applicable. After signing the contracts, FMO will monitor the environmental and social performance of the project with the help of qualified external experts, site inspection visits including community meetings, and review of environmental and social reporting.
More investments
| Date | Total FMO financing |
|---|---|
| 4/24/2026 | USD 64.18 MLN |
- Website customer/investment
- https://www.atomeplc.com/
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Energy
- Publication date
- 5/8/2026
- Effective date
- 4/24/2026
- Total FMO financing
- USD 30.62 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+
- Translation
- https://www.fmo.nl/atome-plc