Hy24

Provides investment, advisory, and asset management services to promote private sector development in emerging markets

Corporate and investment banking services

Promotes economic development through private sector financing of sustainable companies and projects

Hydrogen produced from renewable electricity sources, considered a critical component for hydrogen's long-term credibility as a clean fuel.

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.

Villeta (near Asunción)

Norrbotten County

World's first large-scale green steel plant using hydrogen-based DRI and EAF.

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.

Low-carbon steel produced using green hydrogen reduction