Atlas Agro

What Atlas Agro does

Atlas Agro is a Swiss-headquartered green nitrogen fertilizer producer founded in 2021 with the mission of decarbonizing agricultural inputs. The company produces nitrate-based fertilizers using only air, water, and renewable electricity as raw materials, leveraging green hydrogen produced via electrolysis and green ammonia as intermediate inputs. Its proprietary Minimum Entropy Nitrate Technology (MENT) reduces plant build costs and improves operational efficiency, and was featured in WIPO's Green Technology Book as an emerging technology solution. Atlas Agro offers a product portfolio of CAN27 (Calcium Ammonium Nitrate), AN20 (Ammonium Nitrate Solution), CAN17, and CN9 (Calcium Nitrate), along with green hydrogen, green ammonia, and carbon solutions services for supply chain emissions tracking.

The company is developing two industrial-scale flagship facilities: Pacific Green Fertilizer (PGF) in Richland, Washington, designed to produce 700,000 tons of nitrogen fertilizer annually at a ~$1.5B investment, and Uberaba Green Fertilizer (UGF) in Minas Gerais, Brazil, with planned capacity of 530,000 tons per year at a ~$1-1.15B investment. PGF is positioned as the first at-scale, low-carbon fertilizer facility globally; UGF is the first industrial-scale green fertilizer plant in the Southern Hemisphere. Both plants have completed FEED studies as of 2024 and are targeting final investment decision by end of 2025, with the new Global CEO appointed in April 2026 to drive execution.

Atlas Agro's revenue model relies on long-term offtake agreements with large agricultural enterprises and distribution partnerships, rather than spot-market sales. Anchor customers and partners include Lamb Weston (green fertilizer procurement for potato farming), International Raw Materials Ltd (Pacific Northwest distribution), and Casa dos Ventos (renewable energy supply in Brazil). The company targets large-scale commercial farmers in the Pacific Northwest and Brazil as primary end users, plus food companies with Scope 3 emissions commitments as a secondary segment. The buyer alliance/Advanced Market Commitments model is central to its go-to-market, using anchor offtake agreements to de-risk project financing for capital-intensive green fertilizer facilities. Capital sources include a $325M Macquarie Asset Management equity investment (2023), an $80M USDA Fertilizer Production Expansion Program grant (2024), and up to $1B in pending DOE Pacific Northwest Hydrogen Hub funding.

Name

Atlas Agro

Legal name

Atlas Agro Holding AG

Website

https://atlasagro.ag

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Atlas Agro is a Swiss-based green nitrogen fertilizer producer founded in 2021, developing two industrial-scale facilities in Washington and Brazil that manufacture low-carbon nitrate fertilizers from green hydrogen and renewable energy for large commercial farmers and food companies with Scope 3 emissions targets.

Ownership category

akta.pro rank

Product category

Green Nitrogen Fertilizers

NAICS

Nitrogenous Fertilizer Manufacturing (325311), Fertilizer and Compost Manufacturing (32531), Industrial Gas Manufacturing (325120)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

Nitrogen Fertilizers (Ammonia, Urea, UAN, Ammonium Nitrate/Sulfate) (AFABABAA)

akta.pro secondary industries

Nitrogen Fertilizers (Ammonia/Urea/UAN) (IMAEAEAA), Bio-based Fertilizers, Soil Amendments & Biostimulants (Digestate-derived, biochar-based inputs) (EUAAAIAH)

Keywords

• Green nitrogen fertilizers
• Green hydrogen production
• Green ammonia
• Sustainable agriculture inputs
• Low-carbon fertilizers

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Green Nitrogen Fertilizer Sales: Atlas Agro generates revenue through the sale of locally produced, low-carbon nitrate fertilizers to agricultural customers. The company produces calcium ammonium nitrate (CAN), ammonium nitrate solution (ANd), calcium nitrate (CN), and other nitrate-based products. Revenue is derived from long-term offtake agreements with agricultural enterprises and distributors.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Atlas Agro manufactures and sells low-carbon nitrogen fertilizers (calcium ammonium nitrate, ammonium nitrate solution, and calcium nitrate) produced from green hydrogen and green ammonia generated via renewable-energy-powered electrolysis, using only air, water, and renewable electricity as raw materials. Production takes place at two flagship industrial-scale facilities — Pacific Green Fertilizer in Washington state (700,000 tons/year) and Uberaba Green Fertilizer in Brazil (530,000 tons/year) — using the company's proprietary Minimum Entropy Nitrate Technology (MENT). The company also offers carbon solutions programs to support Scope 3 emissions reduction across agricultural supply chains.

Product overview

Atlas Agro offers a portfolio of green nitrogen fertilizers produced at two flagship production facilities using only renewable energy, air, and water as raw materials. The Pacific Green Fertilizer (PGF) plant in Washington, USA and Uberaba Green Fertilizer (UGF) plant in Brazil produce a range of nitrate-based fertilizers including CAN27, AN20, CAN17, and CN9. The company also produces green hydrogen and green ammonia as intermediate products, along with carbon solutions services for supply chain decarbonization.

Differentiator

Problem solved

Functional benefit

Brands

• Pacific Green Fertilizer (PGF): First-of-a-kind nitrogen fertilizer production facility in Richland, Washington serving Pacific Northwest farmers with locally produced fertilizer
• Uberaba Green Fertilizer (UGF)

Products and services

• CAN27 (Calcium Ammonium Nitrate) Low-carbon calcium ammonium nitrate fertilizer (27% N) produced from green ammonia at the PGF facility in Richland, Washington. Marketed to Pacific Northwest farmers as a higher-yield, lower-acidification alternative to urea and ammonia-based fertilizers, and eligible for sustainability claims tied to the >95% GHG reduction versus conventional production.
• AN20 (Ammonium Nitrate Solution) Liquid nitrogen fertilizer solution (20% N) produced at the Pacific Green Fertilizer plant. Directly available for plant absorption without the soil-conversion process required by urea, intended for broadacre and specialty crop applications in the Pacific Northwest.
• CAN17 (Calcium Ammonium Nitrate) Nitrate-based calcium ammonium nitrate fertilizer (17% N) produced from green ammonia, designed for precision agriculture applications where targeted nitrogen delivery and reduced soil acidification are required.
• CN9 (Calcium Nitrate) Calcium nitrate fertilizer (9% N) produced from green ammonia, marketed for improved cell wall development, crop quality, and compatibility with specialty-crop and horticulture applications.
• Carbon Solutions Programs and services supporting carbon reduction and emissions tracking for agricultural supply chains using Atlas Agro's green fertilizers, enabling food and agriculture companies to quantify and report Scope 3 emissions reductions from switching to locally produced, low-carbon nitrogen fertilizers.

Quantifiable outcome

• 95%+ reduction in greenhouse gas emissions compared to traditional fertilizer production
• +6 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Ten partnerships are on record, tiered core, minor and flagship.

• Lamb WestoncoreStrategic or Co-development Partner · 9 January 2025Landmark green fertilizer procurement agreement with Lamb Weston, a leading global potato supplier. PGF plant will supply locally produced green fertilizers to Lamb Weston's farming operations, expected to deliver 99% reduction in GHG emissions compared to traditional production.
• Pacific Northwest Hydrogen Association (PNWH2)coreStrategic or Co-development Partner · 19 November 2024PNWH2 received Phase 1 Grant Award from DOE for multiyear deal leveraging $1 billion federal funds for clean hydrogen network in Pacific Northwest. Atlas Agro's PGF is anchor agricultural project for the Hub.
• AIM for ClimateminorStrategic or Co-development Partner · 19 November 2024Atlas Agro selected for final AIM for Climate cohort with innovation sprint 'Scaling Green Nitrogen Fertilizer Production for Global Impact' alongside USDA and PNWH2, aiming for FID on PGF and UGF facilities by end of 2025.
• Casa dos VentoscoreStrategic or Co-development Partner · 29 October 2024MoU with Casa dos Ventos, a leader in Brazil's renewable energy market, to supply wind and solar power for green fertilizer production at Uberaba plant. Partnership leverages Casa dos Ventos' renewable portfolio competitiveness to enable green ammonium nitrate production.
• International Raw Materials Ltd (IRM)coreChannel Partner/ Reseller/ Distributor · 24 October 2024Binding strategic offtake and marketing agreement for green nitrogen fertilizer from PGF plant. IRM, a worldwide distributor of plant nutrients with deep roots in Pacific Northwest, will market and distribute Atlas Agro's green fertilizer products to local growers.
• Brazil Climate & Ecological Transformation Investment Platform (BIP)flagshipStrategic or Co-development Partner · 23 October 2024Atlas Agro's $1.15 billion UGF initiative selected as one of first six projects for BIP platform, launched by Brazil's ministries in partnership with Bloomberg Philanthropies and GFANZ to mobilize international capital for Brazil's climate goals.
• Industrial Transition Accelerator (ITA)flagshipStrategic or Co-development Partner · 17 October 2024UGF project selected to join ITA platform launched at COP28 by UAE, UN Climate Change Program, and Bloomberg Philanthropies. Atlas Agro collaborates with ITA to address challenges in energy transition and decarbonization, developing solutions for heavy industrial sectors.
• Clinton Global InitiativeminorStrategic or Co-development Partner · 1 September 2024Atlas Agro participated in Clinton Global Initiative Annual Meeting as part of Climate Week NYC activities, engaging with global leaders on climate commitments and agricultural sustainability.
• WIPOminorStrategic or Co-development Partner · 1 February 2024Atlas Agro's MENT technology was featured in WIPO Green Technology Book launch at COP29, recognized as emerging technology for renewable energy and energy efficiency.
• Técnicas ReunidascoreImplementation/ SI/ Consulting Partner · 10 August 2023Spanish engineering company contracted to develop FEED and OBCE for Pacific Green Fertilizer plant ($9 million contract). Técnicas Reunidas will execute EPC contract once FEED is complete and financing is closed. Plant will use their proprietary technology for main process units.

Scale indicators10 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• CF Industries Holdings: Largest North American nitrogen fertilizer producer with significant ammonia capacity. Comparable as it is actively pursuing green ammonia projects (Donaldsonville, UK) and competes for the same industrial-scale decarbonization mandate.
• EuroChem Group: Major global nitrogen and complex fertilizer producer where Atlas Agro's founder was previously CEO. Directly comparable product portfolio and geographic ambitions, with growing focus on low-carbon ammonia pathways.
• Yara International: Global nitrogen fertilizer leader and Atlas Agro founder's former employer. Directly comparable as it produces ammonia, urea, and nitrates globally and is developing its own green ammonia projects, competing for the same end customers and Scope 3 decarbonization budgets.
• ICL Group: Specialty fertilizer producer with growing presence in specialty nitrogen and sustainable agriculture. Adjacent comparable given its product overlap (calcium nitrate, specialty nitrates) and emerging sustainable fertilizer strategy.
• Linde plc: Industrial gases and clean hydrogen leader building large-scale green hydrogen projects globally. Comparable because it supplies hydrogen technology and competes for the same clean ammonia offtake customers.
• Air Products and Chemicals: Global industrial gas giant with multi-billion-dollar green hydrogen and ammonia projects. Comparable as a competing developer of green ammonia at scale targeting the same decarbonization mandate and customers.
• OCI Global: Nitrogen and methanol producer pursuing aggressive clean ammonia strategy (Beaumont, Iowa project). Comparable as a publicly-traded peer pivoting from grey to green nitrogen at industrial scale.
• Nutrien Ag Solutions: World's largest fertilizer producer with extensive North American and Brazilian retail footprint. Comparable because it serves the same large-acre Pacific Northwest and Brazilian growers with traditional nitrogen products and is evaluating low-carbon alternatives.

Emerging players

• Nel ASA: Electrolyzer manufacturer supplying the core green hydrogen production technology Atlas Agro depends on. Comparable as a key enabling technology provider in the same green hydrogen/ammonia value chain.

Regional players

• Casa dos Ventos: Brazil's largest privately-held renewable energy developer and Atlas Agro's UGF renewable power partner. Comparable as a regional renewables player enabling Brazil's green fertilizer build-out, with potential to compete or partner on future projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/81280530

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Atlas Agro