TotalEnergies SE Eyes Importing Green Hydrogen from Brazilian Project for European Refineries
Key Ideas
- TotalEnergies SE is considering importing green hydrogen from a multi-billion dollar project in northeastern Brazil for its European refineries.
- The French energy company may become a key buyer from a plant planned by Brazilian renewables developer Casa dos Ventos.
- TotalEnergies also contemplates a direct shareholding in the project, strengthening its commitment to renewable energy sources.
TotalEnergies SE is exploring the possibility of importing green hydrogen from a significant project under development in northeastern Brazil to cater to its European refineries. The company, having a 34% stake in the developer's renewable generation unit, is looking at being a major customer for Casa dos Ventos' planned plant. Additionally, TotalEnergies is contemplating further involvement by potentially taking a direct share in the project. This move aligns with the company's strategy to embrace green hydrogen and reinforce its position in the renewable energy sector, showcasing a positive outlook towards sustainable energy solutions and international collaboration.