Brazil is setting its sights on a remarkable endeavor – the production of low-carbon hydrogen. With a burgeoning portfolio of projects valued at around $30 billion, the country is harnessing its rich renewable resources to propel the evolution of a low-carbon hydrogen industry.
Petrobras, the Brazilian state-owned energy company, has set its sights on harnessing the potential of offshore wind to produce green hydrogen and facilitate Power to X (PtX) conversion.
Situated between São João da Barra and Campos dos Goytacazes in the northern reaches of Rio de Janeiro state, the Port of Açu complex is leading the charge in the United Nations Global Compact initiative. Launched recently at Casa Firjan, this innovative endeavor is poised to usher in a new era of energy transition for ports and maritime transport.
In a landmark move towards combating climate change and building a sustainable energy future, Brazil and the United States have joined forces as “global energy powerhouses.”
EDP, the Portuguese energy company, remains committed to Brazil as a strategic destination for its global investments in the energy sector.
Cactus Energia Verde is currently engaged in discussions with the administration of Pecém Port in Brazil’s Ceará state to secure an area for the development of a green hydrogen plant.
In a bid to reduce dependence on fossil fuels and promote sustainable energy, the European Union (EU) has announced a significant investment of €2 billion (R$ 10.5 billion) in the production of green hydrogen in Brazil.
A study by the Boston Consulting Group (BCG) revealed that global investments in the green hydrogen sector will range between $6tn and $12tn between 2025 and 2050.
Brazil has a huge potential to develop a sustainable hydrogen industry that could boost its economy, contribute to reducing greenhouse gas emissions, and comply with global climate agreements.
Brazil and the Netherlands have signed an agreement for the transport of green hydrogen between the ports of Pecém and Rotterdam.
