Green Hydrogen, the Fuel of the Future, Could Unlock the Brazilian Economy by Generating Over 60,000 Jobs in the Next Three Years

Written by Valdemar Medeiros

Published on 01/04/2024 at 13:53

Foto: usina de hidrogênio verde/Dall-e

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Green Hydrogen Market, Fuel of the Future, Could Boost Brazil’s Economy by Generating Over 10,000 Jobs. Analysts Highlight That Investments in the Sector Could Exceed R$ 200 Billion.

There is nothing simpler in nature than hydrogen, being the first chemical element in the periodic table, found in water molecules and atmospheric air, and, outside the planet, accounts for 75% of the mass of the entire Universe. Currently, green hydrogen, produced from renewable sources, promises to be the fuel of the future and Brazil could become a true global power, generating thousands of jobs.

Investments in the Brazilian Green Hydrogen Market That Promise to Generate Thousands of Jobs

To give you an idea, in Piauí, the projects related to hydrogen production are expected to generate at least 10,000 jobs in the state by 2027. The projection was made by Victor Hugo Almeida, president of Investe Piauí. By 2035, the expectation is for the generation of more than 60,000 jobs. According to Almeida, the State Government hired two international institutions with specialists in the sector to assess the impact of the investment, both in job creation and in the state’s economy.

According to the president, two researchers, actually, two institutions were hired, which are working with Investe Piauí studying the entire economic sector of green hydrogen in Piauí, so that the numbers are more accurate.

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However, it involves thousands of jobs that will be created across this chain, in the construction phase and obviously later in the operation of the fuel of the future. Thus, there will also be qualified jobs, a demand for engineers, so this will also generate a significant payroll for the state of Piauí.

Investment in Green Hydrogen in Piauí Could Exceed R$ 200 Billion

The president of Investe Piauí also highlighted that the State Government plans to inject up to R$ 200 billion into the Piauí economy with the bold project for the use of green hydrogen. According to Almeida, taking into account the electric energy generation that will be produced with the fuel of the future, these are extremely significant numbers for energy generation.

Thus, it is something between R$ 160 billion and R$ 200 billion by 2035. Therefore, we can imagine how this could impact the outcome: a repositioning of the state of Piauí as the economic leader in the northeast region.

Victor Hugo Almeida flew on Wednesday (29) with Governor Rafael Fonteles (PT) to Dubai alongside President Lula’s (PT) delegation. At the event, they will also present the project of the fuel of the future.

Understand the Importance of Green Hydrogen for the Global Economy

Green hydrogen has been called the fuel of the future due to its potential for energy generation and the role it can play in the energy transition. Also known as H2V, green hydrogen is the sustainable version of the gas, used to power vehicles with fuel cells and store energy produced from renewable sources, as well as serving as a raw material for products in the steel, pharmaceutical, and metals industries.

Investments to produce it have climbed to billions of dollars: the estimate is that this market will move US$ 350 billion globally by 2030, according to a study by the consultancy Thymos Energia.

In Brazil alone, the estimate is US$ 28 billion, 8% of the total. The “green” label derives from the way the fuel of the future is produced. Despite being abundant in nature, hydrogen is rarely found in its elemental form (H2) and almost always integrates more complex molecules, such as methane (CH4), natural gas, and water itself (H2O).

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Green Hydrogen, the Fuel of the Future, Could Unlock the Brazilian Economy by Generating Over 60,000 Jobs in the Next Three Years

Green Hydrogen Market, Fuel of the Future, Could Boost Brazil’s Economy by Generating Over 10,000 Jobs. Analysts Highlight That Investments in the Sector Could Exceed R$ 200 Billion.

Investments in the Brazilian Green Hydrogen Market That Promise to Generate Thousands of Jobs

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Investment in Green Hydrogen in Piauí Could Exceed R$ 200 Billion

Understand the Importance of Green Hydrogen for the Global Economy

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Green Hydrogen, the Fuel of the Future, Could Unlock the Brazilian Economy by Generating Over 60,000 Jobs in the Next Three Years

Green Hydrogen Market, Fuel of the Future, Could Boost Brazil’s Economy by Generating Over 10,000 Jobs. Analysts Highlight That Investments in the Sector Could Exceed R$ 200 Billion.

Investments in the Brazilian Green Hydrogen Market That Promise to Generate Thousands of Jobs

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Investment in Green Hydrogen in Piauí Could Exceed R$ 200 Billion

Understand the Importance of Green Hydrogen for the Global Economy

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Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

The German economist Wolf-Peter Schill has no doubts: “Electric cars are already far superior to cars with internal combustion engines.”

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Scientists want to turn internet cables into sensors to listen for tremors on the Moon, and the plan could permanently change how the Artemis missions will explore, map risks, and protect astronauts on the lunar surface.

A study reveals the expansion of renewable energy procurement in Brazil and shows how companies are taking advantage of opportunities to reduce expenses, ensure energy efficiency, and strengthen strategic environmental commitments.

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