It is reported that Brazilian President Lula will lead a delegation to pay a state visit to China at the end of March 2023. China and Brazil will discuss strengthening cooperation in the fields of environment, climate change, and energy transition. It is believed that the issues involved in this visit will also accelerate the close cooperation between the two countries in the hydrogen energy industry. Recently, Guofu Hydrogen Energy signed a strategic cooperation agreement with Brazil's YDRO Soluções em Descarbonização Ltda. The two parties will work together to expand the Brazilian hydrogen energy market. Contribute to the sustainable development of energy.

According to the content of the agreement, the two parties will set up a joint venture company and plan to invest 300 million US dollars in Brazil in the next three years. In 2023, the water electrolysis hydrogen production demonstration project will be implemented. At the same time, according to the plan of the Brazilian local government to build a hydrogen energy port, the joint venture company plans to establish an electrolyzer production plant in Brazil in 2024, and provide no less than 50 sets of water electrolysis hydrogen production systems by 2025, supporting ammonia production and port transportation vehicles running. Combining the domestic successful experience of Guofu Hydrogen Energy, we will create an ecological circle of the whole industry chain of hydrogen energy production, storage, transportation, processing, and use in Brazil to promote the rapid development of local green energy and hydrogen energy industries.

The cooperation between Guofu Hydrogen and Brazil's YDRO will further promote the process of global decarbonization. It will not only help accelerate the upgrading and transformation of traditional industries, but also promote the construction of a green and low-carbon circular economy. We are willing to cooperate with YDRO to take the opportunity of green hydrogen energy in Brazil, take industrial application as the beginning of decarbonization, use photovoltaic, wind energy and other renewable energy fields to explore and practice in depth, and jointly build a modern green energy supply base to cope with global climate warming and Contribute more power to the future energy revolution.

According to the "Zero Carbon Energy Transition Report" released by the International Energy Agency, about 520 million tons of low-carbon hydrogen will be required to achieve global net zero emissions by 2050, of which about 306 million tons of green hydrogen will come from renewable energy. With abundant wind and solar resources, Brazil is uniquely positioned to develop the hydrogen industry. In the "2050 National Energy Plan" launched by the Brazilian Ministry of Energy in 2020, it is mentioned that hydrogen should be used as a strategic energy carrier to further promote the green economy.Editor / He Yurong