Fortescue moves ahead with hydrogen ambitions in Brazil’s northeast
Australia-based natural resources company Fortescue has received the first preliminary license to produce green hydrogen in the northeastern state of Ceará in Brazil.
The multinational is one of four companies that have a pre-contract signed with the Government of Ceará for the production of green hydrogen in the Pecém Industrial and Port Complex.
In addition to the new license, a bill has also been signed that allows the renewal of the assignment of the use of land in the Pecém Industrial and Port Complex (CIPP) and the Export Processing Zone (ZPE) to be used in the implementation of the project.
The term, which is currently 20 years, will be extended to 40 years, with the possibility of renewal for another 40 years.