RE: Atom interview16 Jun 2023 19:45
Doesn't anyone think this is changing horses mid race.
UK-based Atome Energy has announced that it is pivoting its Paraguay project to produce calcium ammonium nitrate (CAN) instead of green ammonia. The company says that the change in focus is in response to market feedback, which has shown that there is a greater demand for CAN than for green ammonia.
CAN is a fertilizer that is used in agriculture. It is made from ammonia and carbon dioxide, and it is a more efficient way to use these two gases than to produce green ammonia. Green ammonia is made from water and renewable energy, and it is a potential fuel for transportation and other applications.
Atome says that it will still produce some green ammonia at its Paraguay project, but the majority of the output will be CAN. The company expects to begin production in 2025.
The decision by Atome to pivot its Paraguay project is a sign of the growing demand for CAN. The fertilizer market is expected to grow significantly in the coming years, and CAN is seen as a more sustainable option than traditional fertilizers.
Atome is not the only company that is moving into the CAN market. Other companies, such as Yara International and CF Industries, are also investing in CAN production. This suggests that the CAN market is poised for significant growth in the coming years.
Here are some of the benefits of using CAN instead of green ammonia:
CAN is more efficient to produce than green ammonia.
CAN is a more stable product than green ammonia.
CAN is a more cost-effective product than green ammonia.
These benefits make CAN a more attractive option for fertilizer producers and other businesses that are looking for a sustainable way to produce their products