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New industry is coming to Brazil with an investment of R$188 billion from companies in China, Europe and even Saudi Arabia; more than 100 THOUSAND jobs will be created in the Northeast!

Written by Deborah Araújo
Published 22/09/2024 às 09:28
New industry is coming to Brazil with an investment of R$188 billion
Photo: DALL-E

Brazil is attracting billions in investment for a new industry, generating more than 100 jobs for Brazilians. Learn all about this new investment and how it is transforming the Brazilian landscape.

Brazil is entering a new era, and the word of the day is green hydrogen. With the recent approval of the low-carbon hydrogen legal framework, known as 14.948 Law, the country has taken a big step towards becoming one of the world leaders in the production and export of this fuel of the future. But what does this mean for our economy, investments and, of course, jobs? Let's understand how this new industry is transforming the Brazilian scenario.

Meet green hydrogen, the fuel of the future

Have you ever heard of green hydrogen? If you haven’t already, get ready, because it’s about to become one of the hottest buzzwords in the energy industry. Unlike fossil fuels, which emit a huge amount of CO₂, green hydrogen is produced from renewable sources, such as solar and wind energy, and does not generate pollution. This makes it a key player in the global race towards decarbonization, that is, towards reducing greenhouse gas emissions.

Here in Brazil, the green hydrogen is being treated very seriously. With the approval of the legal framework, the country signaled to the world that it is committed to becoming a reference in the production of this fuel. And with that, large investments that promise to transform this new industry in one of the most promising in the country.

Investments are coming in strong

If you think that Brazil is still in its infancy in this story, you are mistaken. Just to give you an idea, investments have already been announced for more than 20 green hydrogen projects in different states of the country, totaling an impressive value of R$188,7 billion! And the best of all is that these investments are just beginning.

The study “Sustainable Hydrogen: Perspectives for Development and Potential for Brazilian Industry”, prepared by National Confederation of Industry (CNI), points out that Brazil has everything it needs to produce hydrogen at one of the lowest costs in the world by 2030. This is due to our low cost of generating renewable electricity, which puts us in a position of competitive advantage over other countries.

But it’s not just the numbers that are impressive. The strategy behind these investments shows that Brazil is preparing to become one of the largest exporters of green hydrogen, meeting the growing global demand for clean energy.

Hydrogen Hubs: Brazil on the global map

When we talk about green hydrogen, one of the terms you will hear a lot is “hub”. These hubs are geographic centers where the entire chain of production, transportation and end use of hydrogen takes place. And Brazil already has some of the most promising hubs in the developing world.

The highlight goes to the Port of Pecém, in Ceará, which should receive around R$110,6 billion in investments to become one of the main green hydrogen hubs in the country. The project, which began in 2021, has already signed 34 memorandums of understanding and four pre-contracts with national and international companies. And this is just the beginning!

Other Brazilian ports, such as Parnaíba (PI), Suape (PE) and Açu (RJ), are also positioning themselves as large production centers. green hydrogen. Together, these projects total more than R$56,5 billion in investments, which shows that Brazil is taking the development of this new industry.

More jobs and regional development with the arrival of new industry

Now, let's talk about what really matters to many people: empregos. With so many investments and ongoing projects, the expectation is that the new industry of green hydrogen will create thousands of jobs in different regions of Brazil. Since jobs in the construction and operation of hubs, to vacancies in industry and services linked to the production chain of hydrogen, the opportunities are many and diverse.

Furthermore, the development of these projects has a positive impact on the regions where they are being implemented. Cities such as Pecém, Parnaíba, Suape and Açu are already beginning to feel the positive effects of these investments, with improvements in local infrastructure and an increase in job opportunities.

The role of the new industry and the prospects for the future

The National Confederation of Industry (CNI) has played a fundamental role in the promotion and development of new industry of green hydrogen in Brazil. Through the Industry Committee for Sustainable Hydrogen, CNI has worked in partnership with companies and stakeholders to disseminate knowledge, monitor public policies and promote the adoption of green hydrogen as a viable and sustainable alternative.

CNI President Ricardo Alban highlighted the importance of a public policy that prioritizes hydrogen production projects in the industry. According to him, those projects have greater economic viability and are less challenging than those aimed at exportThis means that Brazil is not only preparing to export green hydrogen, but also to use it internally, in industrial sectors that urgently need decarbonization.

A green and promising future

Brazil is on the right track to becoming a world power in the production of green hydrogen. With the approval of the legal framework and the enormous investments that are already being done, the new industry is taking shape and promises to transform the country's energy and economic scenario.

For those seeking new opportunities, whether in empregos or in investments, the time is now. The new industry Green hydrogen is not just a promise, but a reality that is becoming a reality every day. And with this, Brazil is positioning itself as a global leader in the transition to a cleaner and more sustainable economy.

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Deborah Araújo

I write about renewable energy, automobiles, science and technology, industry and the main trends in the job market. With a close eye on global developments and daily updates, I am dedicated to always sharing relevant information.

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