YamnaCo Signs Agreement for Green Hydrogen Project at Port of Açu in Brazil
Key Ideas
- YamnaCo has signed a land reservation agreement with the Port of Açu in Brazil to develop a green hydrogen-based ammonia project aiming to produce one million tonnes per year.
- The project, scheduled to start production in 2030, will require 1.8GW of electrolysers and will expand the allocated land area for the project.
- The Port of Açu is seen as a strategic location for sustainable industry decarbonisation, with other companies like Fuella also planning ammonia projects at the port.
- Brazil has recently passed a low-carbon hydrogen bill with significant incentives and certification schemes, showing a positive stance towards hydrogen development.
YamnaCo has entered into an agreement with the Port of Açu, located in Rio de Janeiro, Brazil, to establish a green hydrogen-based ammonia project with an annual production target of one million tonnes. To achieve this output, the project will need 1.8GW of electrolysers. The company is set to take the Final Investment Decision (FID) by 2027, with production expected to commence in 2030. The collaborative effort between Yamna and the port authorities aims at ensuring the success of the project. The Port of Açu, known for handling a significant portion of Brazil's oil exports, is considered an ideal location for sustainable industry decarbonisation. Other companies, such as Fuella, have also secured contracts for ammonia projects at the port, highlighting the growing interest in green hydrogen initiatives in the region. This development aligns with Brazil's recent enactment of a low-carbon hydrogen bill, which provides substantial incentives and establishes a certification scheme for promoting the use of low-carbon hydrogen. The legislation signifies Brazil's commitment to fostering a green energy transition and creating a supportive environment for hydrogen-related projects.