Norwegian green hydrogen and ammonia company Fuella has signed an agreement with the Port of Pecém to develop a large-scale green ammonia project in Pecém, in the State of Ceará, in Brazil.
Under the agreement signed on October 28, Fuella aims to develop a facility that will produce 400,000 tons of green ammonia annually. The produced ammonia would be destined for foreign markets.
According to Port of Pecém, this deal foresees an investment of R$9 billion (around US$1.5 billion) and the generation of more than a thousand jobs.
The Norwegian company said Ceará provides great conditions for the production of green hydrogen and its derivatives due to an abundance of wind and solar power and the availability of hydropower.
Additionally, Pecém’s partner, the Port of Rotterdam, offers the required infrastructure, such as export terminals, and industrial synergies that Fuella intends to build on.
Thorsten Helms , Managing Director of Business & Corporate Development at Fuella, commented: “We are very happy and proud to be able to secure this project in the Port of Pecém. This is one of the best locations in the world for the production of green hydrogen and ammonia. We thank the Port of Pecém and its shareholders, the State of Ceará and the Port of Rotterdam for their trust.”
Earlier this year, Fuella announced its first green ammonia project in Brazil .
Namely, Porto do Açu, a subsidiary of economic group Prumo Logística, and Fuella signed the first area reservation contract for the newly licensed low-carbon hydrogen hub at the port complex in the north of the state of Rio de Janeiro.
Prumo, Fuella, and Porto do Açu also signed a memorandum of understanding (MoU) to cooperate on developing a green ammonia plant of up to 520 MW, based on water electrolysis.
The planned facility will produce 400,000 tons of green ammonia per year, which could be shipped through the port’s liquids terminal, for export or domestic uses. A final investment decision is expected within the next four years, and the first molecules by 2030.