New York, 31 July 2023 – Macquarie Asset Management (MAM) and Atlas Agro Holding AG (Atlas Agro) have announced today an up to USD325 million investment in Atlas Agro and affiliated project entities via the Macquarie GIG Energy Transition Solutions (MGETS) fund.
Atlas Agro is building industrial scale green nitrogen fertilizer plants in the United States and Latin America which will utilize green hydrogen in its production process, in lieu of conventional nitrogen fertilizer production utilizing fossil fuels. Atlas Agro’s innovative business model will produce competitive carbon-free nitrate fertilizers locally in agricultural regions, thereby displacing imported products with a significant carbon footprint from both production and transportation.
“MAM, with their experience in projects and infrastructure, ability to initiate support investments with a wide range of expertise and their commitment to accelerate decarbonization of hard-to-abate-industries, is an ideal partner for us as we approach construction of our first plants in the United States,” said Petter Østbø, CEO of Atlas Agro.
The investment is a significant step towards enabling Atlas Agro’s expansion across the Americas and globally. It will assist the company in realizing its vision of providing a sustainable alternative to conventional fossil-fuel based fertilizer products, which contribute heavily to greenhouse gas (GHG) emissions.
SpareBank 1 Markets AS acted as financial advisor and Homburger AG served as legal counsel to Atlas Agro. Allen & Overy LLP served as legal counsel to Macquarie Asset Management.
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage approximately $US582 billion in assets globally, we provide access to specialist investment expertise across a range of capabilities including infrastructure, green investments & renewables, real estate, agriculture & natural assets, asset finance, private credit, equities, fixed income and multi asset solutions.
Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory and risk and capital solutions across debt, equity, and commodities. Founded in 1969, Macquarie Group employs more than 20,500 people in 34 markets and is listed on the Australian Securities Exchange.
All figures as at 31 March 2023. For more information, please visit Macquarie.com.
Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this press release is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to\ investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.
About Atlas Agro
Atlas Agro is a leading green nitrogen fertilizer company headquarted in Zug, Switzerland. The company is dedicated to the development, construction and operation of green nitrate fertilizer plants to decarbonise and boost the efficiency of global agriculture.