H2Global Project

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Brazil Mission presents opportunities of the Brazilian market

Brazil Mission presents opportunities of the Brazilian market. The third stage of H2GLOBAL is the execution of the internationalisation actions, involving piloting the internationalisation and cooperation building agenda with third countries, organising tailored fact-finding/exploratory missions, networking and business matchmaking events in each targeted market.

As part of the actions undertaken by the H2GLOBAL project to support the internationalization of companies in the carbon-free hydrogen sector, we would like to invite companies, namely SME´s, members of the H2GLOBAL ecosystem, to the Brazil Mission presenting the opportunities of the Brazilian market which will be held from 15th to 19th January 2024, in Rio de Janeiro, Brazil.

Why Brazil?

Brazil offers favourable conditions for becoming in the medium-term, an exporter of green hydrogen to Europe, in particular due to: (i) well established renewable industry; (ii) potential to expand renewable energy production due to abundant wind and solar resources and cheap land; (iii) existence of a flexible and integrated national grid allowing production far from the H2 plant; (iv) highly competitive costs of renewables.

The low costs of renewable in Brazil are essentially driven by: (i) the high-capacity factor of wind projects (50% higher than the global average) and consequent good return of wind renewable project; (ii) the seasonal complementarity between wind and hydropower; (iii) existence of regions that simultaneously offer good conditions for wind power (i.e., high wind speeds with smaller variability) and solar PV (good irradiation). In this context, high-level policy and preparatory discussions are being held with the objective of defining a regulatory framework and a Brazilian Green Hydrogen Roadmap towards an increasing role of hydrogen energy in the Brazilian energy mix.

According to estimates by the hydrogen research laboratory at the Rio de Janeiro Federal University, green hydrogen has the potential to account for 8% of Brazil’s total energy consumption by 2050. In those scenarios, Brazil is seen as having the potential of becoming an important supplier of green hydrogen in Europe, while developing an important hydrogen internal market, opening up opportunities across several sectors: (i) Fertilizers: Brazil is a major importer of fertilizers – green hydrogen would enable a local production of competitive green fertilizers, replacing the need to import such products; (ii) Transportation: Given the country’s large export activity and dependency on road transportation, green hydrogen could play a vital role in the decarbonization of road transportation and maritime vessels; (iii) Biofuels: Brazil is a large producer of biofuels, such as ethanol and biodiesel. With green hydrogen, it would become possible to produce green methanol locally, reducing, or even eliminating the current need to import such product; (iv) Energy-intensive sectors: green hydrogen could be used as a feedstock in the reduction of iron to produce steel, thus contributing to the decarbonization of energy-intensive sectors.


Monday 15 Jan – Arrival at Rio de Janeiro

Tuesday 16 Jan – B2B Meetings (ABH2, Federal University of Rio de Janeiro, Rio de Janeiro)

Wednesday 17 Jan – B2B Meetings (EPE – Empresa de Pesquisa Energética, Rio de Janeiro)

Thursday 18 Jan – Port of Açu presentation (PRUMO, Rio de Janeiro, venue tbc), or visit to Electronuclear (Angra dos Reis, tbc)

Friday 19 Jan – Departure from Rio de Janeiro

For more information, please contact:
José Oliveira Paulo, President of the Board
Mob: +351 925 666 633
Mariana Abecasis Barros, Public Relations & Communication
Mob: +351 938 528 072

This Mission has received support from:
ABH2 – Associação Brasileira do Hidrogénio
EPE – Empresa de Pesquisa Energética, Brasil
AP2H2 – Associação Portuguesa para a Promoção do Hidrogénio
AICEP Portugal Global Brasil