Director for Ammonia and Fertiliser Market

RNS Number : 1785O

ATOME Energy PLC

30 January 2023

 

30 January 2023

ATOME ENERGY PLC

("ATOME", "the Company", or "the Group")

Appointment of Terje Bakken as

Director for Ammonia and Fertiliser Markets

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 as well as hydrogen mobility projects, announces the appointment of Terje Bakken as Director for Ammonia and Fertiliser Markets* with effect from 1 February 2023 reporting to Olivier Mussat, the CEO of the Company.

Terje's appointment to a full time position follows a successful period as senior commercial advisor to ATOME. He brings significant experience to the Group with over 35 years of downstream experience in the international fertiliser and ammonia business.

Prior to joining the Company, Terje was for many years with Yara International, the leading fertiliser and chemical company latterly as Senior Vice President, Head of Supply and Trade before joining EuroChem Group, one of the world's largest fertiliser businesses, where he was Head of Marketing and Sales and a member of the Management Board and Strategy Committee.

Olivier Mussat, CEO of ATOME, commented: "We are very pleased that Terje has agreed to join our management team. His rare skills and experience, particularly in the key downstream market, represent a key addition to ATOME's team. Terje's expertise will allow us to maximise revenues from offtakers for our green ammonia. His arrival will accelerate the already rapid progress on our projects."

Terje Bakken, Director of Ammonia and Fertiliser Markets, added: "My decision to join ATOME reflects my view that the Company has the potential to be a world leader in the fast-growing green ammonia market and in sustainable fertiliser solutions. I look forward to helping achieve this goal."

* Non-board position

For more information, please visit https://www.atomeplc.com or contact:

ATOME Energy PLC Nikita Levine, Investor Relations	[phone] [e-mail]
Beaumont Cornish (Nominated Adviser) Roland Cornish, Michael Cornish	[phone]
Liberum (Joint Broker) Scott Mathieson, Kate Bannatyne	[phone]
SP Angel (Joint Broker) Richard Hail, Caroline Rowe	[phone]
finnCap (Joint Broker) Christopher Raggett, George Dollemore	[phone]
Tavistock (Financial PR and IR) Simon Hudson, Rebecca Hislaire, Charles Baister	[phone] [e-mail]

About ATOME

ATOME Energy PLC is an AIM listed company targeting green hydrogen and ammonia production with over 500-megawatt of projects in Paraguay and Iceland, through its subsidiaries ATOME Paraguay, which is wholly owned, and Green Fuel ehf, in which ATOME Energy holds a 75 per cent interest, respectively.

Since its admission to AIM in December 2021 ATOME has signed its first electrolyser purchase order for its hydrogen transport Mobility Division due to start generating revenue in 2023 and signed a large scale 120MW power purchase agreement with ANDE, the state energy company in Paraguay for production of green hydrogen and ammonia targeted to start operations in 2025.

ATOME is in the process of operational planning, sourcing and negotiations with green electricity suppliers, equipment providers and offtake partners, including signed memoranda of understanding and cooperation agreements in place with key parties, to use electricity generated from existing geothermal sources in Iceland and hydroelectric power in Paraguay. All chosen sites are located close to the power and water sources and export facilities to serve significant domestic and then international demand.

The Company has a green-focused Board which is supported by major shareholders including Peter Levine, Trafigura, one of the world's leading commodity and logistics company, and Schroders, a leading fund manager.

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