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.
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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).
Brazil’s Minister of Mines and Energy, Alexandre Silveira, recently announced significant investments to bolster green hydrogen production in the country.
FRV, part of the Jameel Energy group, has unveiled its ambitious green hydrogen production project, H2 Cumbuco, set within Brazil’s Pecém Industrial and Port Complex (CIPP).
Brazil’s Eletrobras, Latin America’s largest utility company, has entered a strategic partnership with infrastructure company Prumo to explore the production of green hydrogen at the Port of Acu in Rio de Janeiro.
