A recent study in the International Journal of Hydrogen Energy highlights Ceará, a state in Brazil, for its promising conditions for green hydrogen production.
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Brazil plans to invest R$40 billion in the development of green hydrogen by 2025.
The State of Ceara in Brazil and CGN Brasil Energia, a branch of China’s CGN Group, have signed a memorandum of understanding.
Fortescue’s $3.6 billion green hydrogen project in Brazil has taken a significant step forward with the recent approval from the Brazilian government for its first phase in Ceará.
Brazil is investing in clean energy, dedicating $1.09 billion to develop clean hydrogen hubs across the country.
Brazilian mining giant Vale is set to incorporate green hydrogen into its steel production process. This move aims to reduce the carbon footprint associated with manufacturing steel, a traditionally high-emission industry.
The World Economic Forum (WEF) recently highlighted the significant polluting potential of green hydrogen, despite its promise as a cleaner energy source. Brazil, a country committed to sustainable energy, faces a paradox in integrating green hydrogen into its energy mix.
In a landmark decision, the Brazilian Chamber of Deputies has approved a new green hydrogen project that will guarantee 18.3 billion reais in tax incentives.
Brazil has taken a significant step towards fostering a low-carbon economy by establishing a legal framework for low-carbon hydrogen production.
The Brazilian Senate recently approved a bill establishing the legal framework for low-carbon hydrogen production and fiscal and financial incentives for the sector (PL 2.308/2023).
