Atome Energy and Cavendish, the renewable energy arm of Grupo Purdy, have established a new joint venture enterprise: National Ammonia Corporation (NAC). The new company is owned equally and headquartered in San Jose, Costa Rica, with a mandate to develop green ammonia and fertiliser projects across central America and the Caribbean with its initial focus in Costa Rica.
The aims of NAC align with Atome which is focused on countries with renewable power resources and capabilities combined with access to domestic and international end markets.
Through NAC, Atome aims to capitalise on its capability to roll out its large-scale hydrogen and ammonia production model, already being implemented in Paraguay.
Olivier Mussat, CEO of Atome, says: ‘We are excited for the potential of NAC. The establishment of NAC shows the clear intent of Atome to deploy its innovative business model and know-how in other geographies.’
‘With the Villeta Project in Paraguay, we have taken a significant industry lead that we are able to roll out and replicate under the right conditions. Our partnership with Cavendish, a company established by the founders and owners of Grupo Purdy, offers Atome a very attractive opportunity with a strong local partner to accelerate the development of a pipeline of international scale projects with strong local demand for green fertilisers.’
Silvio Heimann, CEO of Cavendish, comments: ‘We are energised to join efforts with Atome to deliver innovative solutions to the domestic and regional markets, as this combination of international expertise provided by Atome´s team fits perfectly well with our ability to execute locally.’
