Green Energy Park, a Sao Paulo, Brazil-based hydrogen production plant company, raised USD30M in an initial equity funding.
Backers were not disclosed. This initial funding round underscored the interest among a broad range of strategic partners, global offtakers, and financial institutions to commit the resources for building the world-scale hydrogen production and integrated port terminal facilities in Piaui, Brazil. The company has obtained the long-term rights to the hydrogen port terminal facilities in Luis Correia, Brazil.
Led by CEO Bart Biebuyck, Green Energy Park (GEP) is a vertically integrated, renewable energy franchise that shares know-how, technologies, experience, and best practices between its global partners. The company was founded in 2023 with the purpose of producing renewable hydrogen in cost competitive locations with an initial focus on the North-East of Brazil. GEP will distribute its green fuels to offtakers in industry and transport with a mission to help decarbonize the hard-to-abate sectors of the economy.
Green Energy Park Piaui is the company’s first hydrogen production plant, targeting 10.8 GW of electrolyzer capacity when fully built. The integrated hydrogen and hydrogen derivatives production facilities feature some of the most advance process engineering designs from the liquified natural gas and ammonia business.
FinSMEs
26/04/2024