Vale, in partnership with Green Energy Park, has embarked on a journey to drive green hydrogen production in Brazil as part of Vale's 'Mega Hubs' initiative. The goal is to produce hot briquetted iron (HBI) and other steel products with significantly lower CO2 emissions compared to traditional methods. This collaboration signifies a key step towards positioning Brazil as a pioneer in the green hydrogen industry. The partnership aims to assess the feasibility of establishing a green hydrogen plant in Brazil to supply one of Vale's mega hubs, thus supporting the company's ambitious decarbonization goals and contributing to the global transition towards sustainable energy sources. By utilizing green hydrogen, the companies aim to drastically reduce carbon emissions in the steel sector, promoting the production of 'green steel'. The initiative also highlights the potential for Brazil to leverage its high-quality iron ore and abundant renewable energy resources for green hydrogen production. Supported by Europe's Global Gateway program, Vale and GEP will collaborate on various aspects of the hydrogen value chain, including the deployment of electrolyzers and industrial plants for green hydrogen production. Through this partnership, both companies are dedicated to driving industrial decarbonization applications of renewable hydrogen, paving the way for a more sustainable future in the steel industry. Vale's focus on achieving net-zero carbon emissions by 2050, combined with GEP's expertise in green energy solutions, makes this collaboration a significant milestone in the journey towards a greener and more sustainable steel sector.