According to epbr, the investment estimated at around €5bn ($5.72bn) will be used to create a green hydrogen production project with a monthly capacity of 10,500 tonnes with operation set to begin in 2023.
With this, the production project will integrate both solar and offshore wind energy to provide a total combined power output of 3.6GW.
Read more: Brazil to gain new $8m green hydrogen production project
Read more: 3MW green hydrogen plant set for Brazil
The production of green hydrogen in Brazil could catapult the nation onto the international hydrogen market with the vast potential that the South American country holds in generating green hydrogen from renewable energy sources.
Hydrogen produced from this project can be used domestically in order to decarbonise various Brazilian industrial sectors as well as being marketed on the lucrative international hydrogen market.
With the export potential with its location at the Port, this provides a perfect basis to create an international export trade of green hydrogen across the globe.
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