**Summary**
ATOME PLC, a UK-based low-carbon fertiliser developer, has signed a definitive 10-year offtake agreement with Yara International ASA, the worlds leading crop nutrition company, for the entire 260,000 tonne-per-year production of low-carbon fertiliser from its Villeta Project in Paraguay. This agreement marks the final commercial milestone before ATOMEs Final Investment Decision (FID) and secures funding for the US$630 million project, with construction set to begin in Q4 2025.
Key highlights include
1. **Offtake Agreement**Yara will purchase the entire production of low-carbon Calcium Ammonium Nitrate (CAN) fertiliser, produced using 100% renewable hydropower, for 10 years with an option to extend.
2. **Strategic Partnership**ATOME will leverage Yara’s extensive distribution network in South America to maximize market reach and premium value for its low-carbon product.
3. **Environmental Impact**The project aims to decarbonize the food sector by reducing emissions from fertiliser production, which currently surpass those of shipping and aviation combined.
4. **Regional Significance**Villeta, located in the Mercosur region, will reduce reliance on imported fossil-fuel-based fertilisers, enhancing regional food and climate security.
5. **Progress Toward FID**With this agreement, ATOME completes all commercial milestones, including a US$465 million EPC contract with Casale and equity investment from Hy24, paving the way for FID and construction.
The partnership underscores the growing demand for sustainable agricultural solutions and positions ATOME as a leader in the global transition to low-carbon fertilisers. Further announcements on project financing and construction are expected soon.