The MOU was signed this Saturday morning that will allow joint investments by the National Bank for Economic and Social Development (BNDES) and the World Bank in the low-carbon hydrogen value chain.
According to the document, the focus will be on carbon capture projects; electrolysers and associated equipment; shared logistics and infrastructure in hubs focused on this technology; synthetic fuels; and industrial decarbonization.
The memorandum of understanding was signed for the parties to develop financing mechanisms across the low-carbon hydrogen value chain.
It also allows for the possibility of co-financing, guarantees, technical assistance financing and the development of a line of credit to be granted by banks.
“Today we are taking consistent steps to make this delivery more viable for the country. We will have funds that bring dynamism and reduce the cost of large-scale projects to accelerate the energy transition, and in a fair and inclusive way”, stated Alexandre Silveira Brazil Minister of Mines and Energy
Also according to Alexandre Silveira, the measure is important to enable the potential for investments of around US$ 1 billion in low-carbon hydrogen projects, which are in line with the Brazilian new-industrialization plan.
“We will guarantee a portfolio of consistent and integrated projects with high added value demands in the country”, he pointed out.
Also according to the minister, “we will reach more than R$2 trillion in investments and generate more than 500 thousand jobs in 10 years with the Energy Transition Policy”.
Brazil Energy Insight 
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