Green Energy Park and The State of Piauí Partner for a 5 Giga-Watt Renewable Ammonia Production and Export Facility in Piauí, Brazil
- Green Energy Park to establish its first upstream facility in Piauí, Brazil.
- The State of Piauí to support the facility in the State's unique special economic trade zone.
- Together, Green Energy Park and The State of Piauí will develop "Green Energy Park Piauí", a 5 giga-watt ammonia production and export facility.
- Initial production capacity of minimum 1 million tonnes of green ammonia to Green Energy Park Krk.
ROTTERDAM, the NETHERLANDS / ACCESSWIRE / October 11, 2023 / Green Energy Park and The State of Piaui, Brazil are pleased to announce the signing of a Letter of Intent (LOI) at the World Hydrogen Congress in Rotterdam for the production and export of an initial one million tonnes of ammonia from renewable energy sources.
RENEWABLE AMMONIA AT SCALE
Green Energy Park is pleased to announce its first 5 giga-watt upstream renewable production and export facility in Piaui, Brazil.
Piaui is an emerging leader in the global hydrogen economy, producing cost-effective renewable energy from wind and solar.
Green Energy Park has chosen Piaui as the first of a minimum of eight giga-watt upstream facilities to supply its global distribution network with an initial focus on European end markets. Piaui offers cost leadership for producing and exporting renewable ammonia from Brazil to Europe and elsewhere in the world.
Bart Biebuyck (Green Energy Park, left), Tatjana Puklavec (Puklavec Family Wines, middle), Nathália Ervedosa (The State of Piaui, right) signing the party's MOU at the World Hydrogen Congress 2023 in Rotterdam, the Netherlands.
The World Hydrogen Congress in Rotterdam was selected as the perfect venue to sign the agreement and announce the renewable ammonia partnership.
The partnership includes, but is not limited to:
- Green Energy Park Piauí will join the Green Energy Park network and supply its midstream facilities and network partners with cost-competitive renewable ammonia from Brazil.
- Green Energy Park Piauí will participate in the Green Energy Park conferences to share operational experience and best practices from working with stakeholders including technology providers, EPC contractors, professional service providers, investors, and renewable energy consumers.
- The parties will perform a feasibility study for exporting renewable energy via ammonia from Piauí, Brazil to various locations around the world targeting the production and export of around 5 million tonnes of renewable ammonia per year.
- The renewable ammonia export destinations from Piauí will include Europe, with a focus on supplying Green Energy Park Krk, a purpose-built ammonia midstream facility at the North Adriatic Sea. Green Energy Park Krk has a total capacity of 10 million tonnes of ammonia import, storage, and distribution per year.
GLOBAL AMMONIA TRADE
With Green Energy Park Piaui, we are taking a bold step into the future. By investing in a fully decarbonized ammonia value chain, we seek to reduce the price of renewable hydrogen for downstream applications ranging from industrial heat to transport, mobility, and power.
The world of energy needs to change faster to meet its decarbonization goals, while ammonia is emerging as the global hydrogen carrier of choice. Therefore, the focus of Green Energy Park is on accelerating the energy transition through global ammonia trading and its downstream applications.
We firmly believe that cost equivalence with hydrocarbons is achievable near term, through cutting-edge technology applications and engineering know-how applied at scale. Therefore, choosing to work with cost leaders in renewable energy production like Piaui is key.
With our unique midstream facilities and an initial import capacity of up to 10 million tonnes of ammonia per year into Europe, we can pass on our cost advantages from efficient network infrastructure to our renewable hydrogen customers, harvesting synergies from numerous applications.
Our mission is to accelerate the energy transition and decarbonize energy at competitive prices. To that end, the global ammonia trade must scale up and become the industry standard for energy import and distribution to the final off-taker.
LEADERSHIP COMMENTS
Bart Biebuyck, CEO of Green Energy Park said: "Our Brand stands for a distinct set of values that we share with the Governor of Piauí. We are united in a common vision of the future development of society and the decarbonization of our economy. At Green Energy Park our objective is that each franchise member achieves bankability without public subsidies. The world needs many more private initiatives like Green Energy Park to accelerate the energy transition and have a real impact on the decarbonization pathway of our economy. Therefore, we welcome private parties to join our open franchise network and collaborate with us along the various parts of the hydrogen value chain. Our mission is to unite upstream, midstream, and downstream facilities and coordinate the timing and scale of investment activities between our network partners. Our common goal is to decarbonize energy at competitive prices for future generations to live in prosperity and in a vibrant, healthy environment."
Nathália Ervedosa, the representative of the Government of the State of Piauí in Europe said: "The signature of this memorandum represents a step towards the fulfilment of the State's ambition of becoming an international leader in Green Hydrogen supply. The State's great potential for producing Solar and Wind energy was recognized by the CEO of Green Energy Park, Mr. Bart Biebuyck. The State's compromise is to give full support to the intents of Green Energy Park to produce green hydrogen and green ammonia, the energy carrier of the future, in Piauí. The group has projects along the entire hydrogen value chain and is betting on our State for this 5 giga-watt upstream facility. Count on our support. Green Energy Park has chosen Piauí as a strategic partner for this undertaking for exporting ammonia all over the world, with an initial focus on Europe. The State will be by Green Energy Park's side along this journey in favour of global decarbonization.
ABOUT Green Energy Park
Green Energy Park is a vertically integrated, renewable energy franchise, that shares know-how, technologies, experience, and best practices between its global network members. Its focus is on hydrogen technology applications with ammonia as the renewable energy carrier of choice.
The franchise objective is to develop, finance, build and operate renewable energy facilities under a common brand. Its goal is to unite upstream, midstream, and downstream facilities around shared values and a common mission.
Green Energy Park's mission is to positively impact society by accelerating the energy transition and providing cost-effective renewable energy to consumers and businesses around the world.
Website: https://gep-global.com
LinkedIn: https://www.linkedin.com/company/Green-Energy-Park-Global
Contacts
General Enquiries:
Loreta Pacipavi?i?t?, Corporate Communications Manager | [email protected];
Mariia Popovych, Executive Assistant to CEO | [email protected]
Investor Relations:
Mario Reinisch, Director Finance and Corporate Development | [email protected]
ABOUT The State of Piaui
The State of Piaui, with its capital Teresina, is one of 26 states of Brazil, located in the country's Northeast Region and has a population of over 3 million people.
Piaui is an emerging leader in the global hydrogen economy, producing cost-effective renewable energy from wind and solar at scale.
Under the leadership of Governor Rafael Tajra Fonteles, Piaui's successful social and economic development program provides renewable energy infrastructure incentives and invests in dedicated education and professional training, creating future-orientated employment opportunities and social development for its state citizens and the country of Brazil.
Website: https://pi.gov.br
Contacts
General Enquiries: Ms. Nathália Ervedosa, [email protected]
SOURCE: Green Energy Park
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