Spain-based FRV will develop a new $5 billion renewable hydrogen and ammonia project at the Pecém Industrial and Port Complex. At full capacity, 1.6 million tons of ammonia per year will be produced. FRV is now one of six organisations that have signed agreements with the state government of Ceará to develop production projects.
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.