The German government had recommended a business relationship for the selling of green hydrogen to the European nation, according to the Minister of Mines and Energy, Alexandre Silveira.
According to Silveira, the goal would be to create a contractual investment with stable demand and predictability.
This would make it possible to expand the industrial park in Brasilieiro to accommodate the supply chain.
Although he referred to the plan as “embryonic,” Silveira emphasized that the interests of the two nations coincide. The German government should assess this notion, he said.
Silveira, whose home state of Minas Gerais is one of the most developed in the nation in the hydrogen sector, said: “Now we have several R&D, research, and development units, which are tiny industrial parks, in hydrogen production.
Robert Habeck, Germany’s vice chancellor and minister of economic affairs and climate action, received Silveira’s recommendation before he headed to Brasilia to ratify updated terms for the 2008 agreement between the two countries.
Habeck stated that the MME and his team have had fruitful discussions and that their shared objective is “very concrete.”
Without getting into specifics, Silveira stated that Brazil is interested in establishing cooperation with Germany in the mining industry in addition to green hydrogen.
Along with meeting with Silveira, Robert Habeck also completed an agenda with Chancellor Mauro Vieira to discuss the trade agreement between Mercosur and the European Union, according to Itamaraty.
The Vice President and Minister of Industry and Commerce, Geraldo Alckmin, as well as the Environment Minister, Marina Silva, are on the Brazilian agenda.
Habeck also took part in the official launch of the Minas Gerais-based Brazil-Germany Economic Conference (EEBA).
German Chancellor Olaf Scholz visited Brazil in January to meet with President Lula about a political agenda. Members of the European Union seek Brazilian assistance in isolating Russia, in addition to economic concerns, a year after the invasion of Ukraine.
At the time, Scholz referred to the gathering as “a new chapter in countries’ ties.” He claimed that the foundation of international cooperation will be clean hydrogen and renewable energy.
Brazilian project financing
Germany received bids for the first international auction for the purchase of low-carbon hydrogen-based products in February through the H2Global initiative, which has a 900 million euro budget for delivery subsidies.
On a different note, eight pilot projects created at Brazilian institutions were chosen by the IH2 Brasil program and will be implemented in 2023 with up to 1.2 million euros in funding.
Germany is investing heavily in developing nations that have the potential to supply a significant amount of renewable energy to the rest of the globe. In doing so, it establishes its position as a top consumer and shapes this market.