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Brazil has potential to be largest producer of green hydrogen, study shows

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An international study conducted by the German consultancy Roland Berger found that Brazil has the potential to become the world’s largest producer of green hydrogen, with annual revenues of R$150 billion by 2050 - of which R$100 billion will come from exports.The study shows that the country has the ideal conditions for mass production of the missing energy to drive the transition to a low-carbon economy, such as large supply of renewable energy, low marginal costs, and production potential far beyond what the domestic market can absorb. To meet global decarbonization targets, global hydrogen consumption will need to increase six-fold over the next 30 years, especially in industrial applications and clean mobility.Jorge Pereira da Costa, partner head of energy at Roland Berger in Brazil, said that the demand for this energy source is expected to give the country a prominent role in the energy transition. Mr. Costa co-authored a paper on the opportunities for green hydrogen in Brazil.According to him, green hydrogen is seen as a key commodity for the long term - some call it the oil of the future. It will play a critical role in the global economic development, as it will be used in vehicles, aircraft, ships, power generation, and heating systems for homes, buildings, trucks, trains, buses, among others."The international green hydrogen market is on the rise, and is being structured with the definition of a global regulatory framework," he said.The research foresees the opportunity for green hydrogen to represent a direct investment of R$600 billion in Brazil over the next 25 years, so that the country has the capacity of electrolyzers - which capture green hydrogen - needed to produce hydrogen. Companies and the government are beginning to pay attention to the matter.One example is Thyssenkrupp, which signed a contract with Unigel, a nitrogen fertilizer company, to supply electrolysis technology for a plant in the Camaçari industrial complex in Bahia. The project will receive an initial investment of $120 million and is expected to be completed by the end of this year.Other companies in less advanced stages are studying the feasibility of plants are in the ports of Pecém, Açu, Suape, and Aratu. AES Brasil and...

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