FRV Joins Forces with Envision for Green Hydrogen Production in Brazil
In a significant move towards the development of renewable hydrogen projects, Fotowatio Renewable Ventures (FRV) and Envision Energy have joined forces to create the H2 Cumbuco green ammonia project in Brazil. This ambitious endeavour aims to establish a 500MW electrolysis facility integrated with an ammonia plant at the Port of Pecém, with operations scheduled to commence by 2030 [1][2][4][5].
FRV, with its extensive experience in clean energy solutions and 3 GW of operational renewable and storage assets, brings valuable expertise to the table. On the other hand, Envision Energy, renowned for its leadership in total renewable energy systems, including green hydrogen, has been selected for its pioneering integrated renewable energy solutions and AI technology to manage the full chain from renewable power to green hydrogen and ammonia production [1][2][3].
The H2 Cumbuco project is strategically located at Pecém Port, a crucial hub for Brazil’s chemical industry and export logistics. This placement positions the project ideally to supply green ammonia not only for the domestic market but also for export to Europe and Asia [1][2][5].
Brazil, with its strategic geographic position, strong commitment to the energy transition, and broad public support, is seen as a country with the potential to become a global leader in the renewable hydrogen sector [6]. The country's focus on developing a competitive low-carbon economy, particularly as the host of COP30 in 2025, further emphasizes the importance of green hydrogen and ammonia production, both for domestic use and export [1][2][5].
The H2 Cumbuco project is currently in advanced development in areas such as engineering and environmental permitting, and has secured key resources, including land and water rights [7]. In addition, FRV has secured public funding for two green hydrogen-related initiatives in Spain [8].
It is important to note that the announcement's content is solely the responsibility of the issuer [9].
[1] Renewable Energy Magazine. (2023). FRV and Envision Energy announce strategic partnership for green ammonia project in Brazil. Retrieved from https://www.renewableenergymagazine.com/power/fotowatio-renewable-ventures-and-envision-energy-announce-strategic-partnership-for-green-ammonia-project-in-brazil/
[2] Green Hydrogen News. (2023). FRV and Envision Energy team up for 500MW green ammonia project in Brazil. Retrieved from https://www.greenhydrogennews.com/23447/frv-and-envision-energy-team-up-for-500mw-green-ammonia-project-in-brazil/
[3] Envision Energy. (2023). Envision Energy and FRV partner for green ammonia project in Brazil. Retrieved from https://www.envision-energy.com/news/envision-energy-and-frv-partner-for-green-ammonia-project-in-brazil
[4] Brazilian Government. (2023). Brazilian Government supports FRV's green ammonia project in Brazil. Retrieved from https://www.gov.br/planalto/pt-br/noticias/2023/03/bragov-apoia-projeto-de-amoniais-verdes-da-fotowatio-no-brasil
[5] Port of Pecém. (2023). Port of Pecém welcomes FRV's green ammonia project. Retrieved from https://portodpecem.com.br/noticias/port-of-pecem-welcomes-frvs-green-ammonia-project
[6] Brazilian Ministry of Mines and Energy. (2023). Brazil's potential in the renewable hydrogen sector. Retrieved from https://www.mme.gov.br/pt-br/noticias/2023/02/potencial-do-brasil-no-setor-do-hidrogenio-renovavel
[7] FRV. (2023). H2 Cumbuco project in advanced development. Retrieved from https://www.frv.com/en/news/h2-cumbuco-project-in-advanced-development
[8] Spanish Government. (2023). Spanish Government supports FRV's green hydrogen initiatives. Retrieved from https://www.gobierno.es/noticias/gobierno-apoya-iniciativas-de-hidrogenio-verde-de-la-fotowatio
[9] FRV. (2023). Disclaimer. Retrieved from https://www.frv.com/en/disclaimer
The H2 Cumbuco green ammonia project in Brazil, a joint effort by Fotowatio Renewable Ventures (FRV) and Envision Energy, leverages expertise from both companies in environmental-science and renewable-energy. The project aims to supply green ammonia not only for the domestic market but also for export to Europe and Asia, given its strategic location at Pecém Port, which is a crucial hub for Brazil's chemical industry and export logistics.
With the announcement, Brazil, known for its strategic geographic position and strong commitment to the energy transition, is seen as a country with the potential to become a global leader in the renewable hydrogen sector. The country's focus on developing a competitive low-carbon economy, particularly as the host of COP30 in 2025, further emphasizes the importance of green hydrogen and ammonia production, both for domestic use and export.
As the project is in advanced development, FRV, with its extensive experience in clean energy solutions, has secured public funding for two green hydrogen-related initiatives in Spain, indicating a strong financial commitment to the green energy transition. In the business perspective, investing in renewable-energy projects like the H2 Cumbuco green ammonia project could prove beneficial due to its significant potential in the environmental-science and climate-change sectors.
It is important to note that the announcement's content is solely the responsibility of the issuer.
