9,807.50 TRY BIST 100 BIST 100
5.04 CNY CNY CNY
38.11 EUR EUR EUR
36.37 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
39.46 TRY Interest Interest
76.31 USD Fossil Oil Fossil Oil
33.10 USD Silver Silver
4.62 USD Copper Copper
106.70 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,437.60 TRY Gold (gr) Gold (gr)

Piauí Níquel Metais aims to become a leading center for renewable hydrogen production

Brazilian mining company Piauí Níquel Metais said it aims to become a leading center for renewable hydrogen production, primarily to supply domestic industries such as the agricultural sector.

Piauí Níquel Metais aims to become a leading center for renewable hydrogen production

The northeastern state of Piaui in Brazil, led by Governor Rafael Fonteles, aims to become a prominent center for renewable hydrogen production. They seek to supply the domestic industry, particularly the agricultural sector. Piaui has abundant solar and wind energy resources, making it a promising hub for renewable hydrogen.

While Ceara has taken the lead in project announcements, Piaui is actively attracting developers for large-scale ventures. Discussions with potential partners are underway, targeting around 1GW electrolyser capacities per project. Solatio, a Spanish renewables company, has unveiled two major projects in Piaui with a combined capacity of nearly 2.4GW.

The current investment in Piaui's hydrogen sector is estimated at 50 billion Brazilian reais ($10.2 billion). Fonteles is engaging with potential developers in Europe, including Spain, Germany, the UK, and Sweden, to expand the project pipeline.

The state of Piaui in Brazil is considered ideal for green hydrogen production in South America. It has abundant renewable energy resources and produces three times the energy it consumes, soon to increase to five times. While many projects in Brazil focus on exporting hydrogen, Piaui's shorter coastline suggests a focus on domestic use, particularly in agriculture.

The state is part of Brazil's agricultural region and could supply ammonia for the domestic market, as the agricultural sector imports a significant portion of its fertilizer needs. Additionally, renewable hydrogen could be used in steelmaking, considering Piaui's rich iron ore resources.

Piaui offers favorable conditions for green hydrogen production and has a surplus of renewable energy. The hydrogen produced could be used domestically in agriculture and potentially for the fertiliser market. Piaui faces challenges in terms of infrastructure development, but plans for a new port and rail corridor are underway. Federal-level support and a hydrogen industry strategy are also expected to drive progress.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Tosyalı Holding bids for Liberty Steel plant in Luxembourg

Saturday, February 22, 2025

Vietnam imposes 27.83% anti-dumping duty on China’s hot rolled steel coils

Sunday, February 23, 2025

Algerian long steel producers gain momentum in the global market

Thursday, February 20, 2025

South Korea increases tariffs amid currency fluctuations

Sunday, February 23, 2025

Australian Government announces $1bn fund for low-emission iron and steel production

Sunday, February 23, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now