An initial equity finance of USD 30 million was secured by Green Energy Park, a hydrogen manufacturing plant startup situated in Sao Paulo, Brazil.
The backers were kept a secret. This first round of investment demonstrated the desire of several international offtakers, financial institutions, and strategic partners to invest in the construction of the integrated port terminal and world-scale hydrogen production facilities in Piaui, Brazil. The business has acquired the long-term rights to the Luis Correia, Brazil, hydrogen port terminal facilities.
Piaui renewable hydrogen plant development:
- It was founded in 2023 to promote renewable hydrogen production in cost-competitive North-East Brazil.
- Green Energy Park Piaui, the company’s first renewable hydrogen plant, will have 10.8 GW of electrolyser capacity.
- Modern hydrogen and derivative production facilities at Green Energy Park will use process engineering from the liquefied natural gas and ammonia industries.
- It seamlessly integrates and implements these modern technologies using its cryogenic gas handling and storage experience and building skills.
Concering Green Energy Park
GEP, headed by CEO Bart Biebuyck, is a vertically integrated renewable energy franchise that distributes best practices, technology, know-how, and expertise among its international partners. Initially concentrating on the Northeast region of Brazil, the corporation was established in 2023 with the goal of manufacturing renewable hydrogen in regions that are competitively priced. In an effort to aid in the decarbonization of the economically challenging industries, GEP will supply its green fuels to producers in the transportation and industrial sectors.
