Thyssenkrupp is actively promoting Brazil's potential as a hub for green hydrogen production, recognizing the country's capacity to play a significant role in the global market. While the company believes in Brazil's potential, it also acknowledges the challenges, primarily economic and financial, that need to be addressed for the industry's development. In the automotive sector, Thyssenkrupp South America reported a 36% revenue increase, driven by the positive performance of the Brazilian market. Investments of R$120 million are being made to modernize and expand automotive operations in Brazil, focusing on enhancing capacity, productivity, and adopting new technologies. The defense sector, contributing another 40% of revenue, is also a key area of growth for Thyssenkrupp in the region. The company's collaboration with Embraer Defesa in constructing frigates for the Brazilian Navy is a significant project under the Tamandaré Class Frigates Program. Despite the success in the automotive and defense sectors, Thyssenkrupp sees potential in decarbonization technologies, including green hydrogen production. The executive emphasizes the need for resolutions to enable investments in green hydrogen, citing the necessity for incentives until the sector achieves sufficient scale demand. However, a green hydrogen project with Unigel in Bahia has been halted due to the petrochemical company's financial crisis, despite Thyssenkrupp's contract to supply electrolyzers. Nevertheless, the region's decarbonization technologies business grew by 36% last year, with a focus on projects in the steel sector, indicating a promising future in this area.