Brazil Leads the Way in Low-Carbon Hydrogen as Industry Consolidation Continues Globally
Key Ideas
- Brazil's President signed a law creating a legal framework for low-carbon hydrogen, with $3.2 billion in incentives over five years.
- Hydrogen initiative in Brazil aims to boost national production of nitrogen fertilizers for food security and reduce external dependence.
- Japan's Kawasaki Motors showcases a hydrogen-engine motorcycle, while Langley Holdings acquires GKN Hydrogen, known for metal hydride compounds.
- OCI Global sells its Clean Ammonia project to Woodside for $2.35 billion; HyVal and RWE/Westfalen Group also make significant green hydrogen advancements.
Brazil takes a significant step towards low-carbon hydrogen with President Luiz Inácio Lula da Silva signing a law that provides a legal framework and $3.2 billion in incentives over five years. The initiative aims to promote national production of nitrogen fertilizers, ensuring food security and reducing external dependence. This move solidifies Brazil's position as a global competitor in green hydrogen initiatives. Additionally, industry consolidation continues globally with key M&A operations in Italy and Texas. The Kawasaki Motors hydrogen-engine motorcycle demonstration in Japan showcases technological advancements, while Langley Holdings' acquisition of GKN Hydrogen brings expertise in metal hydride compounds. OCI Global's sale of its Clean Ammonia project and HyVal's FID for a green hydrogen production facility in Spain demonstrate the growing interest and investment in hydrogen projects. RWE and Westfalen Group's infrastructure development in Lingen, Germany, further highlights the momentum towards hydrogen adoption in various sectors.
Topics
Projects
Renewable Energy
Technology
Sustainability
Investment
Government Policy
Industry Consolidation
M&A Operations
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