Atome and Cavendish Create the National Ammonia Corporation in Costa Rica to Develop Green Ammonia

BioChemicals/Renewable Chemicals, BioRefineries/Renewable Fuel Production, Business News/Analysis, Costa Rica, Funding/Financing/Investing, Paraguay, UK (United Kingdom)

March 8, 2023

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(H2LAC (Google Translation) The new company will develop projects in Central America and the Caribbean. — In a new move to expand the development of green hydrogen and its derivatives, the British company Atome Energy recently announced an alliance with the Costa Rican Cavendish, from Grupo Purdy, to establish the National Ammonia Corporation (NAC) in Costa Rica. The company will be jointly owned by both companies and will be based in San José with the goal of developing green ammonia and fertilizer projects in Costa Rica first, before expanding to Central America and the Caribbean.

Cavendish began its operations in December 2022 and is the renewable energy arm of the Purdy Group, the fourth oldest Toyota dealer in the world and one of the largest companies in Costa Rica. Atome, on the other hand, is incorporated in England and Wales and has green hydrogen and ammonia projects in Iceland and the Villeta mob ility project in Paraguay .

From Atome they cited the 99% penetration of renewable energies in Costa Rica as motivation to promote NAC in the country, in addition to the possibilities of access to international markets by having ports in the Pacific and the Atlantic. Along with that, it has a strong agricultural sector that is one of the main consumers of fertilizers in the world, which until now are 100% imported.

The CEO of Atome, Olivier Mussat, expressed his enthusiasm for the new company and assured that their experience in the Villeta project in Paraguay gives them a leadership model in the industry that they hope to replicate in Costa Rica. READ MORE

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