The Vale and Green Energy Park (GEP) 'Mega Hub' project in Brazil has gained recognition as a flagship project under the EU's Global Gateway Programme. This initiative is designed to produce clean hydrogen to process iron ore into hot briquetted iron (HBI) for export. The project, endorsed by the President of the European Commission, aims to establish a hydrogen production unit for HBI production. Vale plans to utilize green hydrogen and electric arc furnaces to significantly reduce steel production emissions by 80%. The partnership between Vale and GEP is part of the 'Brazil North-East Green Energy Parks and Green Shipping Corridors' program, emphasizing Brazil's renewable hydrogen production capabilities. Feasibility studies are ongoing for a green hydrogen production unit to be installed in Brazil. The project is pivotal for Brazil's low-carbon economy and has attracted support from various stakeholders. Additionally, the SteelWatch analysis suggests importing green hydrogen-based sponge iron could substantially reduce shipping volumes compared to local production with imported hydrogen and iron ore. This collaboration highlights the significance of global partnerships in advancing sustainable practices in industries like steel production.