The Transhydrogen Alliance - a consortium formed this year by Proton Ventures, Trammo DMCC and Varo Energy - will invest $2 billion in green hydrogen production at the Pecém Complex in the Brazilian state of Ceará. The project's aim is to produce 500,000 tonnes per year of green hydrogen, which will be converted to 2.5 million tonnes of green ammonia for import to Europe via the Port of Rotterdam.