Australia’s Fortescue Enters the Green Hydrogen Pole in Brazil

By July 26, 2022 2   min read  (295 words)

July 26, 2022 |

Fuel Cells Works, Australia’s Fortescue Enters the Green Hydrogen Pole in Brazil

Recife (Brazil) — Australian multinational Metals Group Fortescue (ASX:) will locate in the nascent green hydrogen pole of the Brazilian port of Pecem, where it is studying to establish its own plant for the -renewed which is promising. fuel, the state government of Ceará (northeast Brazil) reported last Friday.

The arrival of the Australian group at the port located in Sao Gonçalo de Amarante, in the region of the city of Fortleza, the capital of Ceara, consolidates it as “a strong and committed pillar in the country’s energy transition,” said Governor Izolda Cela, quoted in a statement from the administration regional.

Fortescue, which is one of the largest iron producers in the world, will immediately start studies for the installation of a green hydrogen plant in Pecem and will also work on other projects in the renewable energy chain in Ceara, although the size of the -total investments still disclosed. .

One of the commitments of the Australian group’s alliance with the regional government is to “collaborate in the decarbonization of Brazil”, preserve “biodiversity” and “environmental impact”, according to the president of Fortescue Future Industries (FFI) Latin America, Agustin Pichot . .

Green or renewable hydrogen (H2V) is generated by a process called “water electrolysis”, which is the separation of oxygen and hydrogen, and is used mainly for the production of fertilizers for agriculture.

International studies indicate that in 2050 hydrogen in all its forms will account for 18% of the world’s energy consumption.

Pecem is leading the consolidation of a green hydrogen “hub” (exchanger) in the country, and 18 firm projects have been signed to be installed in the port by companies from Brazil, France, Portugal, Spain, Australia and the United States.

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