Green Energy Park (GEP) has been recognised as a priority under the EU’s Climate and Energy category, labelling its project in Brazil as a “Global Gateway.”
The Global Gateway will provide critical support to GEP by positioning it as a flagship initiative, offering benefits such as strategic endorsement; access to sustainable investment; integration with broader initiatives; support for international trade; and economic and industrial development.
H2 View understands that the Global Gateway will essentially act as a “catalyst”, ensuring GEP accelerates the energy transition, enhances connectivity and fosters sustainable partnerships between Europe and Brazil.
The ‘North-East Brazil Green Energy Parks & Green Shipping Corridors’ initiative will aim to create a robust network of European infrastructure projects in the region, playing a pivotal role in the South American nation’s role in neo-industrialisation.
“We extend our gratitude to representatives of Lithuania for their leadership in submitting the GEP for nomination as a flagship project of the Global Gateway,” explained Bart Biebuyck, CEO of GEP.
Continuing, the CEO also expressed appreciation to Austria, Belgium, the Netherlands and Germany for their “active support and collaboration in promoting green energy potential of North-East Brazil.”
Gediminas Varvuolis, Ambassador at Large for Connectivity at the Ministry of Foreign Affairs of the Republic of Lithuania, added that the Global Gateway is a “quality infrastructure offer to our partners across the globe.”
Varvuolis said, “The endorsement of GEP as a flagship project of the EU presents a significant opportunity to accelerate energy transition and foster prosperous partnership between Europe and Brazil.
“It also enables Lithuanian and other European businesses to contribute to the construction of this sustainable and green supply chain.”
Last April, GEP raised $30m in Series A funding and secured the long-term rights to a hydrogen port terminal in Brazil for green ammonia exports to Europe.
Read more:Green Energy Park raises $30m, secures rights to Brazilian hydrogen port terminal
GEP plans to export hydrogen produced from its 10.8 GW plant in Piauí to Croatia, serving as a hub for European distribution.
Policy Pillar: US awaits 45V clarity as Canada and Brazil seize hydrogen opportunities
In South America, Brazil’s highly anticipated low-carbon hydrogen bill was signed into law by President Luiz Inácio Lula da Silva. Having been initially passed by the nation’s lower house in 2023, the bill creates the legal framework for low-carbon hydrogen, including R$18.3bn of incentives and a certification scheme for the energy carrier.
The bill was originally unveiled with a definition of low-carbon hydrogen set at 4kg of carbon dioxide equivalent (CO2e) per kg of hydrogen or less – in line with the lowest tier of credits available under the US 45V. However, having undergone debate in the lower house, that definition limit was raised to 7kg CO2e/kg of hydrogen.
Congressman Arnaldo Jardim, claimed the modifications would make it “possible” to produce hydrogen from biofuels.
Congresswoman Fernanda Melchionna, slammed the decision, saying, “The logic of hydrogen production will be used with polluting sources.”
Other amendments included ending a limit on the maximum percentage of hydrogen from each company that can be used for exports, and senators introduced a maximum limit for obtaining tax subsidies.
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