Brazil's congress recently passed a green hydrogen bill that is set to drive investments and financing for low carbon fuel projects in the country. Mauro Andrade, director of new business at Prumo, expressed optimism about the bill, highlighting the significant tax incentives it offers, totaling up to BRL18.3 billion over five years. The bill is considered a pivotal moment in Brazil's journey towards green energy, especially with a focus on green hydrogen production. Andrade mentioned plans for producing low carbon hydrogen at Prumo's Açu Port, situated between Rio de Janeiro and Vitória, with a target start date of 2028. The port, having received its first environmental license earlier this year, is gearing up for potential investments to be announced by early 2026. The bill defines green hydrogen as emitting less than 7kg of CO2 for every 1kg produced, aligning with President Lula's green transition program's goals. The legislation is expected to encourage the production of low carbon emission hydrogen, crucial for reducing greenhouse gas emissions. Various industries like steelmaking, petrochemistry, and transportation are expected to benefit from the shift towards green hydrogen, as they seek to decarbonate their activities and contribute to a more sustainable future.