Business
Definitive EPC Contract signed with Casale
Definitive EPC Contract signed with Casale.
About this update from Atome Plc
[{"type":"text","content":"\n\n\n \nFor immediate release\n7 April 2025\n \nATOME PLC\n(\"ATOME\" or the \"Company\")\n \nUS$465 million Definitive EPC Contract signed with Casale\n \nFlagship green fertiliser project on track for Final Investment Decision (\"FID\") and start of construction\n \n· Definitive EPC Contract signed with Casale S.A., the leading specialist fertiliser and ammonia licensing, engineering and construction firm, for ATOME's Villeta Project in Paraguay\n· Signed contract follows Casale's appointment as EPC Contractor in November 2024, demonstrating ATOME's ability to deliver final agreements\n· Fixed-price, lump-sum contract value of US$465 million with contracted time to start of production of 38 months from FID\n· Detailed engineering has already commenced, with teams being mobilised in the lead-up to FID\n· Follows recent announcement on anchor and lead equity investment for Villeta\n· Marks another major step towards Villeta FID targeted for end H1 2025\n \nATOME (AIM: ATOM), the leading developer of international green fertiliser projects, is pleased to announce the signing of the US$465 million fixed-price, lump-sum Engineering, Procurement and Construction (\"EPC\") Contract (\"Contract\") with Casale for its 260,000 tonnes p.a. flagship green fertiliser plant at Villeta, Paraguay (\"Villeta\" or the \"Project\"). The Contract is believed to be the first entered into globally for a dedicated green fertiliser facility of this scale and confirms ATOME's position as the world's leader and frontrunner in specialist green fertiliser production.\n \nDue to traditional fossil-fuel production methods, the fertiliser industry emits 2.6 billion tonnes of CO₂ per year - more than the shipping and aviation sectors combined. ATOME's flagship project in Paraguay will produce 260,000 tonnes of low-carbon fertiliser per year using 100% renewable baseload power, significantly advancing decarbonisation of agriculture and food value chains in the Mercosur region. Once constructed, the Villeta Project will service a developed and ready market in the heart of the largest food-producing region in the world, meeting critical demand for l...