Brazil signs $2B agreement with Transhydrogen Alliance in Rotterdam
Each partners company has expertise in a given area (H2V production and green ammonia, logistics, storage, transportation).
Ceará, a state in northeastern Brazil, has signed an MoU with the Transhydrogen Alliance consortium in the Netherlands to produce Green Hydrogen in the state.
Camilo Santana, the Governor of Ceara, signed the agreement on 27th October in Rotterdam, the Netherlands. It is the 11th memorandum of understanding for the production of green hydrogen in the Pecém Complex in Ceará. H2 Bulletin has already covered these expected hydrogen agreements previously.
The agreement is signed with the Transhydrogen Alliance consortium, formed by Proton Ventures, Trammo, Global Energy Storage and Varo. The agreement will foresee investments of US$ 2 billion in the coming years, aiming to produce 500k tonnes/year of green hydrogen. The green hydrogen, which is equivalent to about 2.5 million tonnes of green ammonia, will then be exported to Europe through the ports of Pecém and Rotterdam. From now on, the study phases will begin to implement the project.
Governor Camilo Santana said, “The consortium sees Ceará with great potential for sustainable energy production.”
Hans Vrijenhoef, Proton Ventures president and transhydrogen alliance consortium President, commented, “This is a very important phase in the issue of putting green energy solutions for the whole world.”
The Hub of Green Hydrogen of Ceará, installed in the Industrial and Port Complex of Pecém, was launched this year in partnership with the Federal University of Ceará (UFC) and the Federation of Industries of Ceará (Fiec). To date, 11 memoranda of understandings have been signed with national and international companies to implement projects in the State’s Green Hydrogen HUB. Ceará is also expected to sign another green hydrogen-related investments agreement in Munich, Germany.