Press Release: IFC Backs Paraguay’s First Green Fertilizer Plant, Creating Jobs, Advancing Sustainable Agriculture and Food Security
The International Finance Corporation (IFC), a member of the World Bank Group, has announced the signing of debt financing documents for the Villeta Green Fertilizer Project, a pioneering initiative developed by ATOME PLC, that will establish one of the world’s first commercial-scale clean hydrogen-based fertilizer plants, based in Paraguay. The project will support the country’s longstanding objective of moving up the value chain by transforming its abundant renewable energy into higher value-added industrial production, while creating jobs, strengthening fertilizer and food supply resilience in key agricultural inputs, and advancing industrial diversification.
Photo courtesy of Christophe Maertens.
Source: IFC (link opens in a new window)
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