Paraguay

Construction and operation of an industrial-scale green hydrogen-based fertilizer production facility. The project will produce low-carbon calcium ammonium nitrate (CAN) fertilizer using renewable energy from Paraguay's hydroelectric power grid.

Supports climate action projects in developing countries through concessional and grant funding

Corporate and investment banking services

The EU’s long‑term lending institution, financing infrastructure, climate, and development projects inside and outside the EU.

Direct utilization of Paraguay's existing 100% hydroelectric electricity generation to power industrial processes, eliminating reliance on fossil fuels or grid carbon intensity

Manufacturing of nitrogen-based fertilizer by combining ammonia with limestone or other calcium sources. CAN is a common agricultural fertilizer containing both nitrogen and calcium.

Ammonia produced from green hydrogen, which is generated using electrolysis powered by renewable electricity, representing the ultimate goal for clean shipping fuel.

Construction and operation of an industrial-scale green hydrogen-based fertilizer production facility. The project will produce low-carbon calcium ammonium nitrate (CAN) fertilizer using renewable energy from Paraguay's hydroelectric power grid.

Low-carbon nitrogen-based fertilizer produced through green ammonia synthesis using renewable hydroelectric power. Contains both nitrogen and calcium components for agricultural application.

Hydrogen produced through water electrolysis using renewable electricity, with zero associated carbon emissions, to be incorporated into the Baytown facility's diverse hydrogen supply mix.