Green Energy Park’s latest investment from Investe Piauí, the state government’s investment arm, marks a significant milestone in Brazil’s hydrogen energy sector.
The undisclosed investment from Investe Piauí reflects the state government’s commitment to supporting innovative energy projects. CEO Bart Biebuyck’s remarks underscore the importance of government involvement in facilitating project execution and garnering social acceptance.
While Green Energy Park aims to supply 25% of its hydrogen domestically, the majority will be exported as ammonia to Croatia’s planned import terminal. From there, it will be transported to industrial consumers in Germany and Italy, highlighting Brazil’s potential to become a key player in the European hydrogen market.
The European Commission’s pledge to support Green Energy Park aligns with its efforts to invest in green hydrogen projects worldwide. Brazil’s abundant renewable energy resources offer a unique advantage, potentially circumventing certain EU regulations related to renewable hydrogen certification.
Bart Biebuyck’s extensive experience in the hydrogen sector, coupled with his role in the Clean Hydrogen Partnership, positions Green Energy Park for success. Despite the project’s ambitious timeline, with the first phase set to commence production in 2028 and full capacity expected by 2035, careful planning and execution will be essential.
Green Energy Park’s collaboration with Investe Piauí and the European Commission underscores Brazil’s emergence as a significant player in the global hydrogen market. By leveraging its renewable energy potential and strategic partnerships, Green Energy Park aims to contribute to the decarbonization of industries across Europe and beyond.
