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Hydrexia LLC will jointly develop and deploy its hydrogen technologies in South America as part of a strategic partnership with GH2 Global.
The Brazilian hydrogen solution provider will support Hydrexia in marketing its transportation, storage and refuelling technologies throughout the continent. The partnership is expected to address the “project needs in the Brazilian market and beyond.”
With a presence in South America, the Hydrexia Holding Limited subsidiary will advance its global business expansion. An added presence in South America will provide Hydrexia with “an extended global geographical coverage of its business operations,” following success in recent markets, such as Malaysia, India and Australia.
Read more:Hydrexia to provide UMW Toyota with hydrogen refuelling applications
Andy Tran, the CEO of the Hydrexia US operation, claimed combining technology with GH2 will “significantly help enhance the hydrogen applications in Brazil.”
“We look forward to working closely with GH2 to ensure the success of our planned technology and market integration catering to the needs of local markets.”
Bias Augusto Dare, Managing Director of GH2, added, “Hydrexia has clearly demonstrated its technology and solution capabilities to promote hydrogen applications in our local markets.
“With our joint efforts, there is much to be leveraged from a standpoint of technology and market. I am confident that our planned partnership will yield positive results to enhance the development of hydrogen markets in Brazil and South America as a whole.”
This month, Brazil’s President, Luiz Inácio Lula de Silva, approved a law to establish legal framework for low-carbon hydrogen in August (2024) to boost the country’s hydrogen potential.
Read more:Brazil’s low-carbon hydrogen law approved; Presidential veto limits incentives
However, he decided to veto some of the previously approved incentives, such as funding from national and international donations.
Policy Pillar: How can South America seize its green hydrogen opportunity?
South America’s green hydrogen potential has been recognised for some time. Currently among the leading regions in renewable energy use, the continent has received growing interest from hydrogen developers thanks to its potential to produce large volumes of low-cost hydrogen for export.
Despite having lower carbon dioxide (CO2) emissions per capita by comparison to Western countries, low-carbon hydrogen can also play a significant role in Latin America’s own energy transition.
The region’s industrial and oil refining sectors required more than four million tonnes of hydrogen in 2019 – 5% of global demand – primarily for ammonia, methanol, steel and refined oil products1. “Low-carbon hydrogen could be one of the drivers of the next phase of Latin America’s clean energy transitions, by replacing fossil fuels in end uses that are not suitable for direct electrification,” the International Energy Agency (IEA) said.
More recently, the region has been looked at as a potential source of low-carbon hydrogen for high-demand regions that cannot produce at the volume or costs required.
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