Brasília – Australian businessman Andrew Forrest, chair of Fortescue, a global mining company headquartered in Australia, announced on Thursday (9) investments of USD 5 billion in a project to produce green hydrogen at the Pecém Industrial and Port complex in Brazil’s Ceará.
Forrest was welcomed by Brazil’s President Luiz Inácio Lula da Silva in the Planalto presidential palace in Brasília. Ceará governor Elmano de Freitas participated in the meeting. Pictured, Forrest (L), Freitas (C), and Lula (R).
The project has the potential to produce 837 tonnes of green hydrogen a day, using 2,100 MW of renewable energy. According to information from the federal government, the initiative is estimated to create some 5,000 jobs in the construction stage.
In October, the State Environmental Council (COEMA) of Ceará approved the environmental impact assessment submitted by Fortescue to establish the green hydrogen plant and authorized the State Superintendency of the Environment of Ceará to issue a preliminary license. The company was the first to reach this stage.
Green hydrogen
Deemed the fuel of the future, green hydrogen is a type of energy source manufactured and transported without using fossil fuels or other environmental unfriendly processes.
Translated by Guilherme Miranda
