Transhydrogen Alliance plans USD-2bn green H2 project in Brazil

Ceara and Transhydrogen Alliance MoU.Image by Ceara government (www.ceara.gov.br)

October 28 (Renewables Now) - European consortium Transhydrogen Alliance will study the development of a USD-2-billion (EUR 1.7bn) green hydrogen project at the Pecem industrial and port complex in Brazil’s Ceara state over the coming years.

State governor Camilo Santana and representatives of the consortium signed a memorandum of understanding (MoU) on Wednesday. The move marks the start of the study phases for the project implementation, the local government said.

As part of this project, Transhydrogen Alliance expects to produce up to 500,000 tonnes of green hydrogen per year, equivalent to 2.5 million tonnes of green ammonia. The plan includes exports of the output to Europe through the Pecem and Rotterdam ports.

Now, a total of 11 parties have signed MoUs to invest in the production of green hydrogen in Ceara.

Transhydrogen Alliance is comprised of Proton Ventures, Trammo, Global Energy Storage (GES Group) and VARO Energy. The alliance is also supported by the Port of Rotterdam.

(USD 1.0 = EUR 0.861)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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