Page 16 - LatAmOil Week 07 2023
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LatAmOil                                     NEWS IN BRIEF                                          LatAmOil








       ATOME Energy reports                the potential provided by clean and renewable  cost and with zero carbon footprint.
                                           electricity for the development of the country.
                                                                                  Currently, Paraguay, whose economy is
       on Paraguay National                held working meetings with the investors of the  imports more than 1.4mn tons of fertilisers per
                                              The delegation headed by the head of ANDE  highly dependent on the agricultural sector,
       Electricity Administration’s        ATOME Paraguay project, led by Peter Levine  year worth more than $600mn. According to the
                                           (President) and Olivier Mussat (CEO) of that  engineers responsible for the project in question,
       London visit                        company, who were accompanied by the Project  the green product will supply a large part of the
                                                                                country’s ammonia fertiliser market, thus cre-
                                           Manager of Paraguay, Juan Pablo Nogués.
       AIM-listed ATOME Energy, the only pure inter-  The ATOME project in Paraguay advances  ating a national product at a more competitive
       national green hydrogen and ammonia produc-  with the engineering design for the green ammo-  price for the agricultural sector, thus promoting
       tion company on the London Stock Exchange  nia plant (derived from green hydrogen) in the  greater agricultural productivity. Moreover, it
       with current large scale projects in Europe and  city of Villeta, where it will have the capacity to  was indicated that Paraguay could become a net
       South America as well as hydrogen mobility  produce up to 100,000 tons of green ammonia  exporter of fertilisers.
       projects, notes the announcement by Paraguay’s  per year, with a projected start by 2025. This   The president of ANDE and delegation also
       National Electricity Administration (ANDE)  plant includes an investment of approximately  visited the factory of Clean Power Hydrogen
       concerning a top level visit to the UK that con-  $200mn and the creation of approximately 4,000  (CPH2), a hydrogen technology company listed
       cluded last week.                   jobs directly and indirectly. The ATOME pro-  on the London Stock Exchange, located in the
         The president of the National Electricity  ject in Villeta for its first phase aims at about 120  city of Doncaster, accompanied by the Ambassa-
       Administration, Félix Sosa, accompanied by the  MW of power, for the production of hydrogen  dor of Paraguay in the United Kingdom, Genaro
       Director of Planning and Studies, Tito Ocariz,  and green ammonia.       Pappalardo. During the visit they observed the
       and the Financial Manager, Sonia Rojas, par-  In addition, representatives of the engineer-  progress of the 1-MW electrolyser that the com-
       ticipated in round tables with investors, bank-  ing companies AECOM, URBAS Energy and  pany ATOME is building for the project focused
       ers, engineers and representatives of the British  CASALE participated in the meetings. These  on the decarbonisation of the transport sector
       government, during a recent working visit to  companies are assisting in the design of the  in Paraguay.
       London.                             processes and construction engineering of the   The ATOME electrolyser is planned to arrive
         The purpose of it was to deepen and promote  ATOME industrial plant. The team of engi-  in Paraguay by the beginning of the second half
       the potential of green hydrogen in Paraguay, as  neers gave the details of the potential of green  of this year and will initially be producing 450 kg
       well as its value chain. Félix Sosa presented the  ammonia in Paraguay and mentioned that green  of green hydrogen per day, to supply light vehi-
       state of the Paraguayan electricity system, the  ammonia can be used as a raw material for the  cles powered 100% hydrogen and heavy-duty
       level of investment that ANDE is developing and  production of national green fertilisers at a lower  trucks that will be powered by a mixture of green
                                                                                hydrogen and diesel, thus reducing dependence
                                                                                on imported fossil fuels and, therefore, improv-
                                                                                ing air quality.
                                                                                  In working meetings, President Félix Sosa
                                                                                explained to the bank Natixis about the robust-
                                                                                ness of the Paraguayan electricity system, the
                                                                                competitive rate offered by ANDE worldwide
                                                                                and the amount of investments indicated in the
                                                                                ANDE Master Plan 2021 - 2030 for Transmis-
                                                                                sion and Distribution, and 2021-2040 for Gen-
                                                                                eration Works.
                                                                                  The head of ANDE also indicated that financ-
                                                                                ing for infrastructure works has been increased
                                                                                from an average of $50mn during the first dec-
                                                                                ade of the century to an average of $300mn dur-
                                                                                ing the last three years, and for this year, the goal
                                                                                is to exceed that amount. These investments will
                                                                                be key to providing reliability and robustness to
                                                                                the system and also to be able to take advantage
                                                                                of 100% of ITAIPU’s energy that corresponds to
                                                                                Paraguay.
                                                                                  Finally, the president of ANDE held an audi-
                                                                                ence with Minister Andrew Bowie, from the
                                                                                Department of International Trade of the Brit-
                                                                                ish government. Both indicated their full inten-
                                                                                tion to strengthen the exchange of knowledge
                                                                                between countries to encourage investment in
                                                                                the green hydrogen sector to meet joint goals of
                                                                                the countries, such as the decarbonisation of the
                                                                                energy sector and the use of national electricity
                                                                                for its sustainable development.
                                                                                ATOME Energy, 13 February 2023


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