REG - ATOME Energy PLC - Director for Ammonia and Fertiliser Market

AtomeAnnouncement

30/01/2023 07:00

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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                                  +44 (0) 113 337 2210
 Nikita Levine, Investor Relations
info@atomeplc.com
 Beaumont Cornish (Nominated Adviser)              +44 (0) 20 7628 3396
 Roland Cornish, Michael Cornish
 Liberum (Joint Broker)                            +44 (0) 20 3100 2000
 Scott Mathieson, Kate Bannatyne
 SP Angel (Joint Broker)                           +44 (0) 20 3490 0470
 Richard Hail, Caroline Rowe
 finnCap (Joint Broker)                            +44 (0) 20 7220 0500
 Christopher Raggett, George Dollemore
 Tavistock (Financial PR and IR)                   +44 (0) 20 7920 3150
 Simon Hudson, Rebecca Hislaire, Charles Baister   atome@tavistock.co.uk

 

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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