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54 min ago 2 min read
Trade body ApexBrasil has announced an estimated investment of €2bn ($2.4bn) in a prospective 80,000-tonne-per-year (tpa) green hydrogen plant in Brazil, set to involve a consortium of Brazilian and German majors.
The cash injection – made jointly by Brazil Green Energy (BGE) and German-based Green Investors (GI) – will support the Morro Pintado project, which aims to deploy 1.4GW of solar and wind energy to produce green hydrogen and derivatives like ammonia and e-methanol.
Morro Pintado will involve players including chemical engineering firm Thyssenkrupp Uhde, technology major Siemens, engineering company Andritz, and German rail operator Deutsche Bahn.
It will also be incorporated into the German H2Uppp programme, enabling it access to funding from the country’s Federal Ministry for Economic Affairs and Energy.
While an initial project timeline has not yet been revealed, ApexBrasil said a prospective second phase of its construction would enable approximately 428,000 tpa of green urea production.
A port terminal for handling product exports would also be constructed.
This comes as Germany continues to reinforce efforts to secure green hydrogen from abroad under the ambition of imports meeting up to hydrogen demand by 2030.
Simultaneously, Brazil has been improving its position as an exporter of the molecule. While production remains nascent, a growing number of projects plan to supply European consumers with green reduced iron, sustainable aviation fuel, and green ammonia.
Recently, a Brazilian renewable energy company announced a planned Brazil-Europe hydrogen-based alongside a compatriot major mining firm.
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