ROTTERDAM, NETHERLANDS - The European Union has approved Green Energy Park as a Global Gateway flagship project under the "Climate and Energy" category, aiming to produce renewable hydrogen at a gigawatt scale in Brazil - South America. This endorsement, part of a broader initiative to catalyze sustainable infrastructure projects worldwide, was confirmed on November 22, 2024, by the Council of the EU.
Green Energy Park, featuring in the EU's Global Gateway flagship initiative titled "North-East Brazil Green Energy Parks & Green Shipping Corridors," is designed to consolidate multiple hydrogen-related projects to create synergies and foster a robust network of large-scale European infrastructure projects in North-East Brazil. The project's scope includes the development of Green Shipping Corridors to encourage sustainable international trade and investments.
The initiative is expected to play a pivotal role in Brazil's neo-industrialization, leveraging the country's abundant renewable energy resources to become a leader in sustainable industries. For Europe, the project promises the production of green steel at competitive prices, the establishment of a Green Shipping Corridor to Mercosur countries, and a reduction in the green premium for industrial, transport, and power applications.
Bart Biebuyck, CEO of Green Energy Park, thanked the representatives of Lithuania for nominating the project and acknowledged the support from Austria, Belgium, the Netherlands, and Germany. Gediminas Varvuolis, Ambassador at Large for Connectivity at the Ministry of Foreign Affairs of the Republic of Lithuania, highlighted the project's potential to accelerate the energy transition and foster a prosperous partnership between Europe and Brazil.
The EU's Global Gateway strategy aims to mobilize up to €300 billion in investments from 2021 to 2027 to promote sustainable development goals and smart, clean, and trusted global connections. Flagship projects like Green Energy Park are intended to strengthen Europe's partnerships with countries such as Brazil, showcasing transformative initiatives with tangible impacts.
Green Energy Park, comprising a consortium of companies from the Netherlands, Lithuania, Germany, Belgium, and Italy, is tasked with designing, building, and operating hydrogen production infrastructure, with a focus on ammonia and methanol as renewable energy carriers. This project is based on a press release statement.
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