Page 7 - LatAmOil Week 06 2023

LatAmOil COSTA RICA LatAmOil

ATOME Energy, Cavendish set up green

ammonia and fertiliser JV in Costa Rica

UK-BASED ATOME Energy has set up a new geographies.” Mussat went on to refer to the
joint venture with Cavendish, the renewable Villeta project in Paraguay, saying that this
energy arm of the Costa Rican corporation endeavour served as proof of his company’s
Grupo Purdy, to develop green ammonia and ability to roll out large-scale projects.
fertiliser projects in Central America and the Meanwhile, Silvio Heimann, CEO of Cav-
Caribbean region. endish, expressed similar sentiments. “We
In a statement, ATOME said the joint ven- are energised to join efforts with ATOME to
ture would be known as National Ammonia deliver innovative solutions to the domestic
Corp. (NAC), with equity to be split between and regional markets, as this combination of
the two shareholders on a 50:50 basis. NAC will international expertise provided by ATOME´s
focus initially on Costa Rica and will have its team fits perfectly well with our ability to exe-
headquarters in that country’s capital city, San cute locally,” he said, according to the statement.
Jose, it noted. Establishing NAC will allow ATOME Energy
ATOME is currently the only international to expand its capacity to roll out the large-scale
green hydrogen and ammonia production hydrogen and ammonia production model
company listed on the London Stock Exchange implemented in Paraguay across Central Amer-
(LSE). It has already implemented a range of ica and the Caribbean. Material and construc-
large-scale green energy projects across Europe tion discussions are already taking place among
and South America and is now looking to NAC stakeholders. ™
expand its operations.
To this end, it has identified Costa Rica as an
ideal home base for the new joint venture. The
statement described the Central American state
as “[one] of the greenest countries in the world,”
explaining that renewable energy penetration
rates had already reached 99% in the electricity
sector. It also said Costa Rica was a favourable
location for pilot fertiliser projects, as its agricul-
tural sector is both active and economically vital.
“We are excited as to the potential of NAC,”
commented ATOME Energy’s CEO, Olivier
Mussat. “The establishment of NAC shows
the clear intent of ATOME to deploy its inno-
vative business model and know-how in other (Image: Twitter/@atomeenergy)

TRINIDAD & TOBAGO
RAMPS Logistics CEO hails US decision

to waive sanctions on Dragon gas project

SHAUN Rampersad, the CEO of Trinidad and on RAMPS’ LinkedIn page.
Tobago’s RAMPS Logistics, has hailed the US He also stated that his company, along with
government’s decision to loosen its sanctions his country’s gas industry and oilfield services
regime enough to permit the resumption of sector, would benefit extensively from Wash-
development work at Dragon, a natural gas field ington’s decision to grant a two-year exemption
offshore Venezuela. “I haven’t stopped smiling from sanctions penalties so that Shell (UK) and
since [hearing this news]. It means everything National Gas Co. of Trinidad and Tobago Ltd
for us,” Rampersad stated in an interview posted (NGC) can develop the field.

Week 06 08•February•2023 www. NEWSBASE .com P7