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baker-hughes-signs-mou-with-10-8gw-green-hydrogen-project-developer
© Green Energy Park
baker-hughes-signs-mou-with-10-8gw-green-hydrogen-project-developer
© Green Energy Park

Baker Hughes signs MoU with 10.8GW green hydrogen project developer

The developer of a 10.8GW green hydrogen and derivative production facility in Brazil has signed a Memorandum of Understanding (MoU) with Baker Hughes to collaborate on various value chain areas.

Green Energy Park, which is developing the project in Piaui, Brazil, has said the agreement will see collaboration with Baker Hughes on areas across green hydrogen and ammonia production, storage, transportation and utilisation.

The MoU also foresees the “possible exploration” of the co-development of related technologies and projects at a gigawatt scale.

Coming as part of the European Commission’s €2bn Global Gateway investment initiative, the Green Energy Park project plans to produce hydrogen at the Brazilian site before exporting from a terminal in Luis Correia.

It envisions green hydrogen exports arriving in Krk, Croatia for off-take in southeast Europe.

Read more: EU backs 10GW Brazilian hydrogen project for export to Croatia

Green Energy Park has goals of sourcing, importing and distributing 10 million tonnes of renewable ammonia per year.

The EU’s Global Gateway had been branded as a way to narrow the global investment gap in digital, energy and transport sectors.

However, the funding comes as the bloc looks to meet its 2030 REPowerEU targets of importing 10 million tonnes of renewable hydrogen, in addition to domestically producing the same volume.

Bart Biebuyck, CEO of Green Energy Park, said a project of such scale needs strong collaboration with “world-class technology companies like Baker Hughes.”

“We are delighted to announced this strategic MoU, and we are looking forward to work closely together with their highly competent and committed team,” he added.

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