Vale and Green Energy Park's collaborative project has been honored by the European Commission and the 27 Member States as a flagship initiative under the EU's Global Gateway Program in the Climate and Energy category. The endeavor aims to facilitate the establishment of a green hydrogen unit to serve the future expansion of a Mega Hub in Brazil, forming part of the broader 'Brazil North-East Green Energy Parks and Green Shipping Corridors' scheme. The Global Gateway Program, part of the EU's strategy, is set to invest up to €300 billion globally from 2021 to 2027, with a focus on sustainable and high-quality ventures in various sectors, including digital, climate and energy, and transport. The project's acknowledgment by the EU indicates its significance in advancing the green hydrogen chain and reducing carbon emissions in the global steel industry. Vale's Executive Vice President expressed optimism about attracting more partners to ensure the project's success, highlighting its crucial role in fostering a low-carbon economy in Brazil.