Neo Green Hydrogen Corporation has signed a partnership agreement with Paraguay's state-owned power management agency, Administrative Nacionalde Electricidad (ANDE), to develop commercial-scale hydrogen production for the 14GWItaipu hydropower project. The Itaipu factory is located on the Parana River and is shared by Brazil and Paraguay. Hydrogen will be produced using excess green energy from the 50% output share of the Itaipu project in Paraguay, which will start with a pilot project of up to 50 megawatts.
Green hydrogen is produced through the electrolysis of water, using electricity generated from low-carbon energy sources such as hydropower, wind and solar. Neo Green, a green hydrogen developer, has hired engineering, management and development consultancy Mott Mac Donald to lead the studies. MottMacDonald's hydrogen business is involved in several projects, including NortH2 and the North Sea Wind Power Centre. Neo Green said an essential part of its development strategy is to engage strong local partners and develop projects that fit the local economy and the international market. To this end, it signed a binding project consortium agreement with TOCSSA, a Paraguayan infrastructure construction and engineering company.
The company has also signed a memorandum of understanding with Atria Logistics, a transport company on the Paraguay and Paraná rivers, to collaborate on plans to decarbonize the Atria fleet and explore the potential to distribute hydrogen or ammonia to countries served by continental waterways. operations on it, as well as efficient hydrogen or ammonia transportation and transshipment for export. Atria's service network covers more than 4,000 kilometers of navigable rivers, connecting customers in Paraguay, Brazil, Uruguay, Argentina and Bolivia. Atria also has a shipyard capable of producing a variety of ships and producing one large dry barge per week. “We have the infrastructure to meet demand and we believe Paraguay can be an early player in the commercial-scale production of green hydrogen,” Neo Green is focused on creating value-added green industries for our host country. Paraguay has the existing resources to lead the field, as well as potentially viable transport links to several of the most important countries on the African continent and abroad," said Miles Lewis, president of Neo Green Latin America.Editor/XingWentao