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The objective with the contract is to attract investments for a green hydrogen industrial park in the future. The Ministry of Mines and Energy wants to join forces with Germany to boost the fuel market in the coming years.
Current Minister of Mines and Energy in the Lula Government, Alexandre Silveira seeks to strengthen relations with Germany for the future of the national fuel market. He suggested to the government of the European country a future contract aimed at attracting investments in the national energy sector. Under the proposal, Brazil would supply green hydrogen to the nation. The interests of both countries are converging in a positive way, confirms the minister.
Ministry of Mines and Energy aims to contract with the Government of Germany to boost the hydrogen market and supply the European country in the future
The new Lula Government has been reinforcing its commitment to the expansion of the Brazilian energy sector for the coming years. Now, the current Minister of Mines and Energy, Alexandre Silveira, has announced yet another proposal that may contribute to the green hydrogen market.
He is negotiating a contract with the Government of Germany to supply fuel to the European country in the coming years. The idea of the contract project is to guarantee a firm agreement, with demand and supply predictability, to encourage new investments in the sector.
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In this way, it would become more feasible for the Brazilian government to promote the creation of an industrial park aimed at the green hydrogen market.
“Today we have many R&D, research and development plants, which are smaller industrial parks, in the production of hydrogen”, stated the Minister of Minas Energy. He reinforces Brazil's relevance in the international scenario of renewables, but warns of the need for new investments in the sector.
Silveira delivered the contract proposal to the Vice-Chancellor and Minister of Economic Affairs and Climate Action of Germany, Robert Habeck, during the executive's visit to Brasília recently.
The representative of the Government of Germany pointed out that the country's negotiations and interests with Brazil have converged in terms of renewable fuel.
The details of the agreement signed on March 13 have not yet been disclosed by the Ministry of Mines and Energy.
Germany is already eyeing the Brazilian green hydrogen market. Contract proposal by the Ministry of Mines and Energy may bring interests closer to fuel
The international renewable fuel market is already eyeing the Brazilian green hydrogen sector, as is Germany. In February of this year, it received proposals for the first global auction for the acquisition of low-carbon hydrogen-based products.
Proposals for investments in the sector were received through the company H2Global. In addition, she chose eight pilot projects developed at Brazilian universities to be promoted in the year 2023.
The objective is to unite research and innovation forces for the fuel market in Brazil over the coming months.
The visit of the vice-chancellor and minister of Economic Affairs and Climate Action of Germany, Robert Habeck, to Brazil, reinforced the interests of the European country in the national territory. With the contract proposal from the Minister of Mines and Energy, there may be a great green hydrogen partnership in the coming months.
