ATOME PLC (LSE:ATOM) has secured $50 million in concessional funding from the Green Climate Fund to support its Villeta Project in Paraguay. This financial boost, combined with additional funding sources, is expected to significantly reduce the project’s capital expenditure, making it more cost-effective and environmentally sustainable. The Villeta Project focuses on producing low-carbon fertilizers, aiming to transform South America’s fertilizer sector and enhance the region’s food supply resilience. The Green Climate Fund’s approval underscores the project’s alignment with international climate and sustainability goals and is anticipated to improve long-term shareholder value.
About ATOME PLC
ATOME PLC is an AIM-listed company specializing in the production of green fertilizers. With major operations in Paraguay and plans for expansion into Central America, the company is committed to reducing dependence on fossil fuel-based agricultural inputs. ATOME’s projects operate entirely on renewable energy, and the company is also building out a green energy infrastructure platform to support its sustainability ambitions across the region.
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