ATOME Energy (AIM: ATOM), the only pure international green hydrogen and ammonia production company on the London Stock Exchange with current large scale projects in Europe and South America and mobility projects is pleased to announce the entry into a non-binding Memorandum of Understanding (“MOU”) with Puma Energy Paraguay S.A. (“Puma”) in relation to hydrogen in Paraguay.
Background to Puma
Puma is a company dedicated to the import and distribution of fuels and lubricants having started operations in Paraguay in 2002. It currently operates three terminals and supplies fuel to approximately 200 service stations.
Subject of Memorandum of Understanding
ATOME and Puma have expressed the non-binding wish to co-operate with a view to entering into one or more definitive agreements covering certain potential transactions. The MOU provides a non-binding framework to be used by the parties in discussing the potential transactions referred to below and negotiate the terms of such definitive agreements.
The potential transactions referred to above are expressed in the MOU as follows:
a) Test and run clean fuels on trucks that transport Puma’s fuel
b) Develop a clean energy supply corridor along Puma’s service station network
c) Store and dispatch hydrogen in Paraguay
d) Establish commercial relationships regarding the projects to be developed by ATOME in Paraguay
e) Offtake agreements for hydrogen produced by ATOME for mobility purposes
f) The possibility of testing and running clean fuels on the push boats that provide services to Puma
Olivier Mussat, CEO of ATOME, commented: “Following our recent announcements on the progress made on ATOME Mobility, we are pleased to provide a further update. This MOU with Puma provides a non-binding framework to discuss and negotiate one or more definite agreements centering around use and offtake of our dedicated mobility hydrogen production unit across the Puma network in Paraguay.
“Puma is a reputable established Paraguay energy company with an extensive fuel network in Paraguay. Puma and ourselves recognise the importance of de-carbonisation of road transport in Paraguay. We look forward to proceeding to work with them and establish long term concrete trading relations in order to accelerate the growth of ATOME Mobility.”
For more information, please visit https://www.atomeplc.com or contact:
ATOME Energy PLC
Nikita Levine, Investor Relations
+44 (0) 113 337 2210
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