ATOME Energy PLC Director for Ammonia and Fertiliser Market (1785O)
January 30 2023 - 2:00AM
UK Regulatory
TIDMATOM
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)
Roland Cornish, Michael Cornish +44 (0) 20 7628 3396
Liberum (Joint Broker)
Scott Mathieson, Kate Bannatyne +44 (0) 20 3100 2000
SP Angel (Joint Broker)
Richard Hail, Caroline Rowe +44 (0) 20 3490 0470
finnCap (Joint Broker)
Christopher Raggett, George Dollemore +44 (0) 20 7220 0500
Tavistock (Financial PR and IR) +44 (0) 20 7920 3150
Simon Hudson, Rebecca Hislaire, atome@tavistock.co.uk
Charles Baister
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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