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The Ambassador of Brazil in Portugal Affirms That Green Hydrogen Could Replace Coal and Oil by 2050 and That Companies in Portugal Could Be Great Producers of the Fuel in the Country.
On Monday (18), the ambassador of Brazil in Portugal argued that the use of green hydrogen is the best fuel in the world for replacing coal and oil, also stating that the oil barrel will be replaced by the green hydrogen barrel by 2050. According to Raimundo Carreiro Silva, during the opening of the forum “The Challenges of Development – The Future of State Relations,” which is taking place in Lisbon until this Thursday (21), it is necessary to mitigate dependence on coal and oil so that global warming can be reduced, and green hydrogen has proven to be an excellent tool for this impasse.
Ambassador of Brazil Affirms That EDP and Galp Could Be Major Producers of Green Hydrogen in the Country
The ambassador of Brazil claims that it is not possible to completely replace oil and coal with electricity, thus green hydrogen is the solution.
Carreiro further highlights that h2b is a great opportunity to strengthen partnerships and integration between Brazil and Portugal through the production and export of the fuel, which will be the energy raw material that will take the place of oil, natural gas, and coal by 2050. For the ambassador of Brazil, the largest renewable energy groups in Portugal and Brazil will play a crucial role in the transition to clean and carbon-free fuels.
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According to Carreiro, energy business groups in Portugal, particularly Galp and EDP, could become major producers and marketers of green hydrogen in Brazil, using the country’s riches and its potential in solar and wind energy. The production could be for domestic demand as well as for export to the European Union market, which seems promising, breaking the ties with the Oil and Gas Oligopoly.
FIBE Affirms That Brazil Could Be a Protagonist in Green Hydrogen
Previously, Vitalino Canas, president of the Board of Directors of the Brazil Europe Integration Forum (FIBE), had argued that Brazil should position itself as a global power in the Atlantic space.
Brazil has a chance to become a new protagonist in international green hydrogen production chains, in commerce, and also, from a geopolitical perspective, to project itself as a global power in the Atlantic space, not just in the South Atlantic.
The Brazil Europe Integration Forum (FIBE), which is taking place in Portugal until this Thursday in Lisbon, develops discussions on the paths toward economic and social well-being through the transformations imposed by the digital revolution, the European war, and Covid-19.
Green Hydrogen Projects in Brazil Already Exceed US$ 20 Billion
Projects to enable the commercial production of green hydrogen, driven by interest from institutions in other countries, have already exceeded US$ 20 billion, focusing mainly on export.
Currently, the main projects are concentrated at the Port of Pecém, in Ceará, at the Port of Açu, in Rio de Janeiro, and also at the Port of Suape, in Pernambuco.
In Ceará, between February and September of last year, about 9 companies have already signed memorandums of understanding for the production of the sustainable fuel that could replace oil and coal by 2050.
In September, the multinational from Portugal, EDP, announced its first H2V plant in the state, which is expected to begin operations later this year, with an initial investment of R$ 42 million.
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