What is the significance of Atome's final investment decision (FID) for its Paraguay CAN plant, and what makes it globally unique?

Atome has reached the final investment decision (FID) for its 260,000 tonne/year low-carbon calcium ammonium nitrate (CAN) plant in Villeta, Paraguay — a milestone that marks it as 'the first industrial-scale facility of its kind globally to achieve FID'. The project is valued at $665 million, will use 100% renewable baseload hydropower, and is expected to displace up to 12.5 million tonnes of emissions over its lifetime. Production is scheduled to begin on or before October 2029, following shareholder approval anticipated in May.

Who are Atome's key partners in the Villeta project, and what commitments have they made?

Atome’s key partners include Casale, its Swiss EPC contractor, and Yara International, the Norwegian global fertilizer company, which serves as the offtaker. In September 2025, Atome announced it had finalised a minimum 10-year offtake agreement with Yara covering the full production output of the Villeta plant. The company also acknowledged the support of the President and government of Paraguay, highlighting their 'tremendous support and encouragement' in enabling the project.

Atome announces investment decision for Paraguay CAN plant

Apr 23, 2026

Atome secured final investment decision for a $665 million low-carbon calcium ammonium nitrate plant in Paraguay, partnering with Yara for 260,000 tonnes annual supply starting in 2029.

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Atome announces investment decision for Paraguay CAN plant

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