Atome PLC leading the way in green fertiliser

As it moves to the point where off-take agreements start to come in, CEO Olivier Mussat says that should be the inflection point for shares with a deeper understanding of what the company is achieving. He says that the $200 billlion-a-year fertiliser market should then start to adapt to a lower carbon footprint promised and food companies will start to demand that produce is grown with green fertilisers.

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Atome PLC's eco-friendly fertiliser

Atome PLC, a London-based company, has set its sights on revolutionising the fertiliser sector by developing environmentally friendly projects across Latin America. The fertiliser market is a massive industry, worth a whopping $200 billion annually. Unfortunately, half of the world's fertilisers are currently produced using natural gas and are highly carbonated. This poses a significant problem for our planet's carbon emissions. Atome aims to tackle this issue by producing green fertilisers using hydrogen derived from renewable energy sources.

The need to "green" the fertiliser sector is crucial as it currently emits more carbon than both aviation and shipping combined. To make matters worse, the introduction of carbon border adjustments has resulted in high taxes on imported fertilisers, creating a demand for sustainable alternatives.

Progress in Paraguay

Atome's flagship project is based in Paraguay, a country known for being one of the largest breadbaskets in the world and the biggest importer of fertilisers. Paraguay is also home to a massive hydroelectric dam that supplies competitively priced renewable electricity.

Atome has already made significant progress in Paraguay; the company has secured a power purchase agreement, obtained operating licenses, completed environmental assessments, and even gained tax-free zone status. Furthermore, Atome is working closely with engineering companies and is finalising project financing and off-take agreement discussions. Initially, Atome aims to supply the regional market in Latin America and potentially expand its reach to export green fertilisers to Europe.

The demand for greener alternatives is expected to skyrocket, as major food industry players like Nestlé and Mars are actively working to reduce their carbon footprints. Currently, only a mere 0.1% of fertilisers are green. However, with the implementation of carbon border adjustments and increasing climate commitments, the demand for sustainable fertilisers is set to surge. Atome's CEO, Olivier Mussat, anticipates rapid expansion in the green fertiliser market.