12th Sep 2025 10:05
(Alliance News) - Atome PLC on Friday said it signed a definitive offtake agreement with Oslo-based Yara International ASA.
Atome, a developer of green fertiliser projects with its flagship Villeta Project in Paraguay, said the agreement is for the sale of the entire 260,000 tonne-per-year low-carbon fertiliser production at that project to Yara, based on 100% renewable power.
The agreement is for 10 years with an option to extend.
"The entry into the definitive offtake agreement marks the completion of the last commercial milestone before declaring final investment decision later in the year," Atome said.
It added that it continues to advance progress on finalising the project finance for the USD630 million Villeta project, with start of construction targeted to start in the fourth quarter of 2025.
Atome Chief Executive Officer Olivier Mussat said: "Our partnership with Yara, now in final and definitive form, is a landmark milestone in the delivery of our Villeta Project in Paraguay. We are immensely proud to be a part of this first-of-its-kind agreement, the largest low-carbon fertiliser supply agreement globally, which clearly demonstrates the commercial demand for Atome's low-carbon fertiliser.
"As we progress on our broader pipeline of projects alongside Villeta, Atome continues to collaborate with world-leading project partners and offtakers to facilitate the distribution of our green molecules, disrupt traditional commodity markets and pave the way for a cleaner, more sustainable future."
Atome shares rose 17% to 58.00 pence each on Friday morning in London.
By Tom Budszus, Alliance News slot editor
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