ATOME Energy PLC (AIM:ATOM) CEO Olivier Mussat joins Proactive's Stephen Gunnion with details of Baker Hughes' acquisition of a strategic 6.6% stake in the company as it plays a more important role in the hydrogen economy.
Mussat said the investment demonstrates the confidence of the $27 billion dollar company in ATOME's strategy and projects. The partnership will also aim to leverage Baker Hughes' expertise in hydrogen compressors and synthetic fuels, benefiting ATOME's initiatives in the green ammonia and fertiliser markets.
He noted that ATOME is also expanding its Villeta project in Paraguay to meet the increasing demand for green fertilisers, including calcium ammonium nitrates.