Aussie Enegix Energy to invest USD 5.4bn in green hydrogen hub in Brazil

Ceara state, Enegix Energy MoU for green hydrogen

February 22 (Renewables Now) - Australian renewable energy company Enegix Energy will be part of a USD-5.4-billion (EUR 4.4bn) green hydrogen project in Brazil's Ceara state.

On Friday, the state government and the foreign firm signed a memorandum of understanding (MoU) for the project planned for the state's Pecem Industrial Complex Port. It is expected to be the first green hydrogen hub in Brazil and Latin America, the government said. Enegix Energy is to build the hydrogen production facility.

Thanks to the available port infrastructure, international partnerships and location, Ceara expects to be able to export hydrogen at a competitive price.

The government is also partnering with Pecem port, Ceara's industry federation Fiec and the state's federal university UFC. It has established a task force to enable the structuring of a green hydrogen production chain in the region.

(USD 1.0 = EUR 0.825)

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