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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Atome Plc | ATOM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 58.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 58.50 | 58.50 | 58.50 | 58.50 |
| Industry Sector |
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| ALTERNATIVE ENERGY |
| Top Posts |
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Posted at 03/4/2024 13:24 by mcunliffe1 This recent situation with MEN and perhaps the one looming at ATOM has caused me to look at things slightly differently.First though, I take it as a badeg of honour to be down-ticked and laugh at the timidity, nay, cowardice of such down-tickers who cannot stand their ground and justify why they think my opinion is tosh. However, ATOM was initially intent upon producing Hydrogen and then switched to produce fertiliser. When I say produce I really mean to INTEND to produce. The video of Olivier explaining how there's a potential market for fertiliser in Europe especially with expected levies on non-green, imported fertiliser really impressed me. He's a smart fellow. Now I see there's a polyhalite mine operating under the Yorskhire coastline and extending out under the North Sea. ICL own and operate the mine. It is the ONLY such mine in the world at the moment. The output is green, very, very effective for grass and turf but also a good substitute for other traditional fertilisers. Should the EU slap punitive tariffs on imported non-green fertiliser then I believe Polyhalite out of the Yorkshire mine would compete very favourably with the product ATOME may well produce by end of 2026 and need to ship to Europe at approx. $100 a ton in transport fees. That aspect is now very much a red warning for me with regard to Atome's possible success. |
Posted at 14/3/2024 07:01 by all in eol 14 March 2024ATOME PLC ("ATOME", "the Company", or "the Group") Enterprise Investment Scheme ("EIS") investment status granted by HMRC ATOME (AIM: ATOM), the only international green fertiliser project development company on the London Stock Exchange, is pleased to announce that His Majesty's Revenue and Customs ("HMRC") has granted EIS status for the investment made by certain qualifying individuals in respect of the equity fundraise which was announced on the 19 February 2024. The EIS is a UK government initiative which encourages investment in qualifying companies by offering tax benefits for qualifying investors who subscribe for new shares. For the avoidance of doubt, EIS income tax relief is not available for directors or employees of ATOME. Subject to certain conditions being met by the company and the investors, EIS enables a qualifying investor with a UK tax liability to claim tax relief in the UK of up to 30% of their investment, subject to a maximum investment of £1 million per tax year. In addition, when investors sell EIS shares, any growth in value from an investment is potentially free from UK capital gains tax (to qualify for this relief, income tax relief must have already been claimed and not withdrawn by HMRC. Investors also have to hold the shares for at least three years and the company and its group must remain EIS qualifying for at least three years). Further details about EIS can be found here. Prospective EIS investors should seek their own tax and financial advice. The directors of ATOME also believe that an investment in the Company would potentially constitute a 'qualifying holding' for a Venture Capital Trust ("VCT") subject to certain conditions being met. A company can receive a maximum of £5 million from EIS and VCT investors on a 12-month rolling basis. The grant of EIS status broadens the Company's potential investor base as it continues to develop and grow. However, the Company reiterates that it intends to finance its first 145MW project in Paraguay at the asset level through its subsidiary, ATOME Paraguay. The 100% green fertiliser that is targeted to be produced by ATOME from 2026 has a worldwide market, none more so than in the UK and Ireland where decarbonisation of the entire agricultural supply chain from supermarkets down to the farm is gaining increasing traction, importance and support. ATOME looks forward to delivering further positive news in the next months as it moves towards Final Investment Decision and asset level-funding for ATOME's world-scale 145MW green fertiliser facility in Paraguay. For completeness, ATOME has an exciting 100MW project in Costa Rica as well as the Phase 2 300MW project in Paraguay. Philip Hare & Associates acted for the Company in the successful grant of EIS status and continues to do so. |
Posted at 17/1/2024 07:01 by all in eol 17 January 2024ATOME ENERGY PLC ("ATOME", "the Company", or "the Group") Update on Paraguay Operations Excellent progress on multiple workstreams coming to a head in Q1 2024 ATOME Energy (AIM: ATOM), the only international green fertiliser project development company on the London Stock Exchange, provides an update on its Paraguay operations. Summary: -- Front-End Engineering Design ("FEED") study and Engineering, Procurement and Construction ("EPC") progressing well and to be concluded in this Q1 -- Multiple offtake proposals received from leading international players with Company in advanced negotiations for offtake of Villeta's full production volume of its green fertiliser with concrete news expected this Q1 -- Company confident in finalising the Villeta Project financing with interest in the debt financing component extending to over 2x oversubscribed and interest from international heavyweight investors in the equity component all at project level -- Pre-PPA studies in respect of the 300MW Yguazu Project to be completed this month to confirm best location for the project with the 300MW PPA targeted for this H1 145MW Villeta Phase 1, Paraguay Detailed FEED, EPC, and financing negotiations for this first of a kind project are now in their final stages as management continue to push to achieve the best possible expedient outcome for ATOME shareholders. The Company is pleased to report solid progress continuing across key development workstreams. FEED and EPC in final stages The FEED study for the Villeta Project will be completed this Q1. EPC contract discussions with the main and specialist sub-contractors, led by AECOM, the international engineering consultancy and ATOME's Owner's Engineer, will conclude in the coming weeks. Discussions have been focussed on delivering a lump sum fixed price turnkey contract in order to provide certainty on costs and delivery timelines with AECOM contributing value engineering. This contractual structure being negotiated will create alignment between ATOME and its EPC contractor which has the responsibility for delivering the plant in working order, on the agreed timeline and budget, thereby lowering project risk and increasing its bankability, all of which significantly contributes to maximising project returns. Offtake of CAN from Villeta The Company is in advanced negotiations with leading international players for the offtake of the full production of green Calcium Ammonium Nitrate ("CAN") fertiliser from Villeta. ATOME has now received multiple proposals from prospective offtakers and management is actively considering a number of proposals which satisfy the financial and strategic objectives set out by the Board. It has become clear to the Board that there is a significant and growing market for CAN on the doorstep of Paraguay, in Brazil and Argentina, particularly with the latter market becoming significantly more open due to the change in government there. Furthermore, ATOME's offering is particularly attractive to European and UK markets where increasing emphasis is made throughout the vertical supply chain for green fertiliser and carbon tax penalties are now in place and will grow increasingly in the next few years. An agreement on offtake of ATOME's CAN is expected to be announced before the end of Q1. Further details of the offtake arrangements will be disclosed when terms with an offtaker are settled. Project financing gains momentum The Company's financial advisor, Natixis Corporate & Investment Banking, has received multiple formal expressions of interest from Development Finance Institutions, international lenders and export credit agencies leading to an indicative oversubscription in respect of the debt financing component of the project of some 2x. As such, the Board is confident that the debt element of the financing can be achieved on terms acceptable and as envisaged by the Company and we expect to mandate the lead arrangers in Q1. Discussions are ongoing with prospective international equity and strategic investors at the project level who are continuing to show ongoing interest in financing Villeta due to the project's robust economic case and strategic importance given that it is expected to be the world's first industrial scale green ammonia-to-fertilise 300MW "Yguazu Project" Following entry into a pre-PPA with ANDE, the state power company of Paraguay, both parties continue to cooperate on mechanical engineering and feasibility studies to establish the best location for the Yguazu Project. Yguazu will benefit from the blueprint created by the Villeta project development for green fertiliser production both in terms of timescale and costs. A further update on Yguazu along with an expected roadmap toward a 300MW PPA will be made in this Q1 with a formal 300MW PPA targeted to be entered into within H1. Olivier Mussat, ATOME's CEO, commented: "The Board is confident that 2024 will be a transformational year for ATOME and we are grateful to the team and our strategic partners who have continued to work throughout the end of the year in order to make rapid progress on the engineering, financial and commercial fronts. "Whilst taking slightly longer than we originally hoped, the work and de-risking during this extended time has allowed for significant benefit in enhancing the efficacy of our first 145MW project in Paraguay as well as enabling beneficial impact on design, offtake, and financing. We are confident that in this Q1, further key project milestones will be achieved, and we look forward to taking FID on the Villeta project once these workstreams are completed. "At the same time, work is continuing in parallel on other projects and in particular Costa Rica which, combined with Yguazu in Paraguay, provides a pipeline of projects extending to world-scale in excess of half a gigawatt." |
Posted at 28/11/2023 07:07 by all in eol 28 November 2023ATOME ENERGY PLC ("ATOME", "the Company", or "the Group") Update on Mobility Division ATOME Energy (AIM: ATOM), the only international green fertiliser project development company on the London Stock Exchange, notes the RNS announcement made by Clean Power Hydrogen Plc ("CPH2") today in relation to the previous production order made by the Company in March 2022. This order was for a 1MW electrolyser from CPH2 slated at that time for a hydrogen mobility project of ATOME. Since that time in March 2022, ATOME's focus has transitioned to large scale green fertiliser projects which now extend to some 650MW of 100% renewable power across its portfolio, principally in Latin America. In particular, the 145MW Villeta project in Paraguay with its 24/7 baseload power from the grid has now developed into a major project on its own with FEED study (Front End Engineering Design) nearing completion, substantive discussions with EPC contractors at an advanced stage and indicative offers for the debt funding of such project pointing to substantial oversubscription. The former mobility project is now seen as a diversion from ATOME's core focus on delivering industrial scale green fertiliser, where the Company will be one of the first in the marketplace to meet existing demand in both South America and Europe from 2025. Accordingly, as the CPH2 electrolyser for the mobility project has not yet been delivered, the Company has mutually agreed to cease the order without penalty or other payout to CPH2. This allows CPH2 to concentrate on near home markets and its current partner licences. The deposit of US$300,000 has been returned to ATOME. Relations with CPH2 remain good and ATOME is pleased to note the announcement made today in relation to electrolysers of CPH2 by G-Mobility, a subsidiary of Green House Capital, currently part of Molecular Energies PLC. The potential for hydrogen mobility in Paraguay remains valid and ATOME looks forward to seeing hydrogen fuelled trucks transporting its products in South and Central America. Olivier Mussat, CEO, commented: "With green fertiliser now firmly at the core of ATOME's strategy, the mutual termination of the arrangements with CPH2 allows ATOME to mobilise all its resources and energy on its world class green fertiliser business whilst permitting CPH2 to concentrate on its home markets." |
Posted at 24/11/2023 07:04 by all in eol ATOME Energy PLC24 November 2023 24 November 2023 ATOME ENERGY PLC ("ATOME", "the Company", or "the Group") Director / PDMR Shareholding Transaction ATOME Energy (AIM: ATOM) ("ATOME"), the only international green fertiliser project development company on the London Stock Exchange, gives notice of a Director / PDMR transaction. Peter Levine, Chairman, has as part of his continued estate planning today transferred in an off-market transaction 500,000 ordinary shares in the Company ("Ordinary Shares") at nil consideration from shares held directly, as follows: a. 400,000 of the Ordinary shares to the Peter Levine Foundation, in which neither Peter Levine nor any members of his family are beneficially interested and whose principal objectives are for promoting education and the welfare of the young and, b. 100,000 of the Ordinary shares to members of his direct family. The Ordinary Shares transferred represent 1.24% of the issued share capital of the Company. Following the transfers, Peter Levine is now beneficially interested in 7,731,962 Ordinary Shares representing 19.17% of the issued share capital of the Company comprising 1,643,066 Ordinary Shares held directly, a further 2,530,000 Ordinary Shares held in trust for the benefit of Peter Levine by Alpha and 3,558,896 Ordinary Shares held by PLLG Investments Limited (which is wholly owned by PLLG Nominees Limited, all of which is held in trust for Peter Levine). In addition, IYA Global Limited ("IYA"), a company ultimately beneficially owned by Peter Levine, has the right at any time up to 31 December 2025 to call upon Molecular Energies plc to transfer to IYA or as IYA may direct 2,038,038 ordinary shares in ATOME at a price of GBP1.062p per share. |
Posted at 14/11/2023 07:02 by all in eol 14 November 2023ATOME ENERGY PLC ("ATOME", "the Company", or "the Group") ATOME granted Free-Trade Zone for Villeta Project, Paraguay ATOME Energy (AIM: ATOM) ("ATOME"), the only international green fertiliser project development company on the London Stock Exchange, is pleased to announce that its 145MW Villeta Project in Paraguay has been granted Free-Trade Zone status by Presidential decree bringing significant financial benefits to the project and its funders. Highlights: -- Free-Trade Zone ("FTZ") status granted by Presidential decree to ATOME's Villeta Project, Paraguay -- Only the sixth FTZ granted by Paraguay -- ATOME will benefit from exemptions on municipal, VAT, and corporate income taxes -- Clearly demonstrates the Paraguay Government support and commitment to ATOME's Villeta Project -- Paraguay country ceiling has been upgraded to BBB- in the latest Fitch Ratings report Free-Trade Zone ATOME is pleased to announce that the Presidential decree has been signed now granting the Villeta Project full FTZ status. This is only the sixth FTZ in Paraguay and as a result will grant ATOME with the following benefits which materially enhance the economics of the Villeta Project: -- Exemption from VAT on: o Sales of goods and services from Paraguay to the FTZ o Import of equipment and services o Services provided by the concessionaire to FTZ -- 3% effective corporate income tax ("CIT") on profit derived from domestic sales to Paraguay -- 0.5% Free Trade Zone tax on revenue from export sales, no CIT -- Exemption from CIT and/or withholding taxes including on: o Remittance of profits or dividends by FTZ users to third countries o All payments of fees, commissions, interest, and all other remuneration on all services, including financing, provided from third party countries to FTZ Users -- Exemptions from local and municipal taxes and charges Strong government backing for ATOME's projects This is an unequivocable demonstration of government support for ATOME's Villeta Project and its determination to make the project a success both for ATOME and Paraguay's ambition in being a world leader in green fertiliser production. This support has been key in relation to the granting of the FTZ and the Environmental Licence, having expeditiously passed all necessary inter-governmental approvals, which are important milestones towards project financing and construction of the Villeta facility. Paraguay Economic performance and growth aspirations Paraguay has political and economic stability and one of the best performing economies in Latin America, with inflation falling sharply this year to 3% (as of October 2023) and economic growth expected by Fitch to rebound by 5.2% in 2023. The latest Fitch Ratings report affirmed Paraguay's stable outlook at a BB+ credit rating, one mark short of investment grade, whilst raising the country ceiling to BBB-. Peter Levine, Chair, commented: "Through successive administrations it has been both consistently crystal clear that Paraguay is open for business and encourages and supports serious foreign investors and investments. "We are greatly honoured by President Peña by his signing of the decree for the tax-free zone in Villeta and we are grateful for the support and trust he and his Ministers have given to us in this important landmark project for the country of Paraguay." |
Posted at 31/10/2023 07:04 by all in eol 31 October 2023ATOME ENERGY PLC ("ATOME", "the Company", or "the Group") Update on Paraguay Operations ATOME Energy (AIM: ATOM), the only international green fertiliser project development company on the London Stock Exchange, which is progressing large-scale projects of 445MW in Paraguay provides an update on progress on its current major projects. Summary: -- Front-end engineering design ("FEED") for the Villeta Project, Paraguay nearing completion with engineering, procurement and construction ("EPC") discussions at advanced stage -- Environmental licence granted - tax-free zone status expected shortly -- The Board is increasingly confident that the debt financing component of the project can be achieved -- Significant carbon credit potential from the Villeta Project following independent estimates of up to 550,000 tons of CO2eq displaced per year with new Paraguay law expected to support monetisation of carbon credits -- 300MW Yguazu Project progresses Villeta 145 MW Phase I Villeta Project ATOME is pleased to report the continued progress is being made in relation to this project: FEED and EPC nearing completion The FEED study is nearing completion, and advanced discussions and negotiations are currently ongoing in relation to the EPC contract with the main and specialist sub-contractors, led on ATOME's behalf by the Owner's Engineer, AECOM, the international engineering consultancy. Completion of the EPC contract is a prerequisite for taking final investment decision ("FID"). Environmental license granted and tax-free zone approved On the ground, following a thorough process, the Environmental Licence has now been granted to ATOME by Paraguay's Ministry of Environment and Sustainable Development. This is a key project document which gives ATOME the rights to commence preparation and clearance of the Villeta site and enables all necessary permitting from construction to operation of the production facility. In addition, the grant of the tax-free zone has passed through all the necessary inter-governmental processes and awaits only signing off by Presidential decree which is expected shortly. All of this has been achieved with the support of the Government whose backing for this project has been key. Tax free zone status will provide significant financial benefits to the project and its funders. Phase I Villeta debt financing has seen a strong level of interest In respect of debt financing, significant expressions of interest have already been received from both Development Finance Institutions and international banks. Whilst work continues in relation to this, the strong level of interest shown to date has demonstrated the financeability of the Company's first industrial scale green fertiliser project and the Board is increasingly confident that the required debt financing component can be achieved. It is worth repeating that the debt financing discussed is at the project level which would provide significant value to ATOME shareholders. We will provide further updates to shareholders on the timing of all aspects of the project financing. Sustainability credentials bring significant Carbon Credits opportunity Further to the Company's August announcement of its preliminary carbon footprint analysis of its CAN product, ATOME can confirm that the Company's estimates have been independently reviewed by the specialist sustainability division of its Owner's Engineer AECOM, which has assessed that ATOME's green calcium ammonium nitrate ("CAN") fertiliser is estimated to have a significantly lower carbon footprint than current grey alternatives, potentially displacing up to 550,000 tons of CO2eq per year versus an imported and applied grey CAN fertiliser in the Paraguay market. This provides ATOME with a potentially significant value-added part of the business in respect of any sale of these credits. The future value of any projected offsets has also now been potentially significantly increased by the new carbon credit law in Paraguay enacted this month under which there is a Government backed verification and certification procedure for qualifying credits to make them more acceptable in the global carbon market. 300MW project in Paraguay code named Yguazu The Yguazu project is over twice the size of the world-scale Villeta facility and, after discussions with state energy provider ANDE, studies are being embarked upon to identify the best place to locate the Yguazu facility. With the FEED study on Villeta now available to the Company, lessons learned from Phase I, together with ATOME's own infrastructure and professional teams, means that the Company will be in a position to expedite this major project and others when the time comes. Both contractors and funders are aware that participation in Phase I Villeta will confer early mover advantage for the next major project. Olivier Mussat, CEO, commented: "One by one, milestones continue to be achieved by ATOME as our flagship world-scale green fertiliser project at Villeta, Paraguay proceeds. "The critical environmental licence has been obtained, a mandatory step in the project development, opening the door to move to site clearance as the first step of operations, with the additional benefit of enabling the formal decree for tax-free zone status to be granted in the near future. "The level and nature of the significant interest in the debt component of the Villeta project finance is very encouraging, demonstrating international as well as local financing interest in our project which has both strong economic viability as well as clear development impact thanks to its green credentials. "It is an increasingly busy time for ATOME and we will continue to keep shareholders appraised of our progress." |
Posted at 14/7/2023 07:23 by all in eol ATOME Energy PLC14 July 2023 14 July 2023 ATOME ENERGY PLC ("ATOME", "the Company", or "the Group") Transaction by Significant Shareholder ATOME (AIM: ATOM), the only international green hydrogen, ammonia, and fertiliser project development company on the London Stock Exchange, with current large-scale projects in Latin America and Europe, as well as hydrogen mobility projects, announces a significant shareholder transaction. ATOME has been notified that Molecular Energies PLC ("Molecular"), the former parent company of ATOME prior to the Company's spin-out and IPO, has sold 800,000 ordinary shares ("the Block"), representing approximately 2% of ATOME, in the Company at a price of GBP1.00 per share. The resulting holding of Molecular in ATOME is now 8,272,045 ordinary shares representing 20.5% of the entire issued share capital of ATOME. The purchaser of the Block is CFT Ventures, a Guernsey registered company, being the Crandall Family Trust. Mark Crandall was the head of Glencore's oil trading business before co-founding in 1993 the international commodity trader, Trafigura, with five other founding partners. Since leaving Trafigura, Mark founded and is currently Chairman and member of the Executive Board of PostScriptum Energy Pte Limited (www.postscriptum.co Peter Levine, Chairman, commented: "I am pleased that Molecular Energies has facilitated this transaction which enlarges and diversifies our serious strategic investor base. "Mark and I go back to the early Trafigura days. I am confident he will be an active and constructive shareholder going forward." |
Posted at 05/9/2022 07:32 by investorwil Not showing yet on advfn.RNS Number : 1911Y ATOME Energy PLC 05 September 2022 5 September 2022 ATOME ENERGY PLC ("ATOME", the "Company", or the "Group") Further operational progress with acquisition of 75 acre site for Villeta facility ATOME Chair to speak at IDB and Government sponsored "Invest in Paraguay" event ATOME Energy (AIM: ATOM), the only pure international green hydrogen and ammonia production company on the London Stock Exchange with current large scale industrial projects concentrating on energy and food security as well as hydrogen mobility projects, announces further operational progress with the acquisition of a 75 acre (30 hectare) site for its Villeta, Paraguay production facility. Land acquisition in Villeta Following the recently signed 60MW power purchase agreement and subsequent awarding of the FEED contract in relation to the Civil and Electromechanical works at the Villeta substation announced on 28 July 2022, ATOME is pleased to announce the securing of a 75 acre site adjacent to the Villeta substation for its Villeta production facility (the "Site"). ATOME through its Paraguayan subsidiary, ATOME Paraguay S.A., has entered into the freehold purchase contract to acquire the Site from an unrelated local landowner with completion scheduled in four months at a price of US$900,000, considered a market valuation, with the full 10% deposit already having been paid and balance due on completion. The purchase monies are able to be paid out of ATOME's existing resources. The Villeta facility is the first phase of what is ultimately projected to be a total of some 400MW of capacity in Paraguay. The large 75 acre Site will provide room for expansion and facilitate the ability as may be required to store and act as a delivery point for ATOME's Paraguay production. Not only is the Site adjacent to the Villeta substation of ANDE, the national power distribution company, thereby minimising the cost of transmission lines, it is conveniently situated near the major Villeta port facilities on the River Paraguay, itself only 35km from the capital Asuncion. The navigable Paraguay River merges further downstream with the Parana River and thence through the River Plate to the Atlantic Ocean. It is accordingly an important waterway linking inland cities in Paraguay such as Villeta to international export markets and provides ATOME with its route to export markets as it expands production. The Site is close to major fertiliser distribution companies who currently import all ingredients for the products they sell from outside of Paraguay and transported up the river from countries such as China and Russia. The Site is also near barge building companies contributing to Paraguay's third largest barge fleet in the world. Chair, Peter Levine, to speak at Invest in Paraguay on 8 September 2022 The Government of Paraguay in association with the multilateral institution, the Inter-American Development Bank (IDB) is hosting an international "Invest in Paraguay" event on 8-9 September 2022 in Asuncion, the capital of Paraguay, at the headquarters of the South American Football Federation. Peter Levine, Chair of ATOME, has been invited to speak at the event alongside, amongst others, the President of ANDE and the Paraguayan General Director of ITAIPU BINACIONAL, the second largest-hydroelectri world, a position that James Spalding, now President of ATOME Paraguay and main board director of ATOME, held for five years between 2013-2018. Olivier Mussat, CEO of ATOME, commented: "As we continue to make progress, the acquisition of the Villeta site is the next step on our critical path to achieve ATOME's business plan and vision to fast-track our projects by locating near the source of power. Accordingly, we were very pleased to come to an agreement to secure freehold land adjacent to ANDE's substation, near potential end customers and export facilities. "The large 75 acre footprint not only enables ATOME to have room for future expansion and facilitation of storage but it also gives ATOME the scale to grow its business footprint and attract associated industries and provide new sustainable jobs. This is a great opportunity to bring in third party complementary businesses in the energy and fertiliser value chains, creating wealth for the country and value for our shareholders." |
Posted at 08/2/2022 07:02 by all in eol ATOME Mobility, a new division created with a view to commence operationsin Paraguay in 2023 ATOME Energy (AIM: ATOM), the international company focused on green hydrogen and ammonia production, sales and marketing with current projects in Iceland and Paraguay, announces that it has created a new division within the Company, ATOME Mobility, with the objective to commence transport operations, initially in Paraguay, in 2023. ATOME Mobility ATOME has created a new division, ATOME Mobility, which in Paraguay is dedicated to providing a clean energy solution for heavy road transport and shipping, two hard-to-abate industries where battery alternatives cannot provide effective solutions using present technology. ATOME Mobility will initially focus on hydrogen energy supply to the road transport sector from the main areas of population. Negotiations are proceeding with a number of potential suppliers of equipment with the objective of commencing this part of the business by the end of H1 2023. It is anticipated that the funding for ATOME Mobility in Paraguay will be sourced through the Group's existing resources. Part of ATOME Mobility's business plan is to co-invest and/or co-venture in the end market with operators in order to educate and promote the use of ATOME's clean energy in Paraguay first. Discussions in this regard are progressing with MOUs expected to follow. This new division runs in parallel with the planning for ATOME's large scale green hydrogen and ammonia businesses in Paraguay and Iceland which remains on track and on schedule. Olivier Mussat, CEO of ATOME, commented: "ATOME Mobility's initial objective is to provide an integrated heavy goods transport offering bringing together vehicle manufacturers, haulage companies, financial solutions and end users in a closed loop all benefiting from ATOME's green hydrogen. "To achieve Net Zero, the decarbonising of transport has been idenditifed as a priority by both Paraguay and Iceland in their national climate strategies. Companies are also under increasingly under pressure from stakeholders and funders alike to minimise the emissions involved in distributing their products globally. This is particularly the case where the parent companies are from Europe or America. "Recognising that the production of green energy is only part of the matrix, ATOME Mobility aims to provide an integrated solution to accelerate the path for transition to zero emission green energy for all stakeholders whilst embedding ATOME as the fulcrum of change." For more information, please visit |
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