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Nitrogen+Syngas 397 Sep-Oct 2025

16 September 2025

EIB loan agreed for Villeta project

PARAGUAY

EIB loan agreed for Villeta project

ATOME says that the European Investment Bank (EIB), the lending arm of the European Union, has approved financing in-principle of up to $135 million for the company’s flagship Villeta Project. EIB is one of ATOME’s senior debt providers for Villeta and the announcement follows the Green Climate Fund approval earlier this month. Details of the financing will be finalised in early course, following closing of the debt package with the consortium of leading international development finance institutions. Based on the progress with financing, ATOME is projecting a final investment decision by the end of September 2025.

Olivier Mussat, ATOME CEO, commented: “The European Investment Bank board’s in-principle approval of $135 million senior debt finance is another important milestone in the Villeta Project’s maturity, credibility and genuine climate objectives. EIB is one of the largest providers of climate finance in the world and we are pleased to have EIB as one of the key supporters of this impactful, first-of-a-kind project.”

ATOME has already secured a long-term supply of 145MW of low-cost hydroelectric power to feed green ammonia production, with 260,000 t/a of downstream green calcium ammonium nitrate production planned. A long term offtake agreement has been signed with Yara for the plant’s entire output.

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