Suape Complex signs memorandum of understanding with French company to develop industrial project worth 2 billion reais

By Suape Port Industrial Complex

June 18, 2024

This is a machine translation of the press release originally published in Portuguese

Last Monday, June 17, 2024, the Government of Pernambuco, through the Suape Port Industrial Complex, signed a memorandum of understanding with Arhyze , a French company specialized in renewable energy and hydrogen production, to develop an ambitious industrial project. The initiative aims to produce green hydrogen, green ammonia and e-methanol, taking another step towards decarbonization and a fair and green energy transition, which highlights the potential of low-carbon hydrogen and its production chain.

Arhyze, known for its multifunctional projects aimed at reducing greenhouse gas emissions, is expected to make a private investment of approximately R$2 billion in Suape. The first phase of the project will focus on the annual production of 100 thousand tons of e-methanol, with operations scheduled to begin in 2028.

Suape was strategically selected due to its privileged location in the Northeast region of Brazil, positioning it as a hub for industrial production and distribution for the domestic market and for the export of low-carbon hydrogen. The consolidation of this industry has the potential to generate substantial employment opportunities through new technologies and investments, promote innovative business models and integrate the State of Pernambuco into the global value chain.

Participating in the signing were Maurício Laranjeira, executive secretary of Investment Attraction of Pernambuco; Guilherme Sá, executive secretary of Energy; Marcio Guiot, CEO of Suape; Mathieu Coustets, CEO of Arhyze; Arthur Neves, director of Industrial Development and Management at Suape; Adriana Martin, director of Innovation and Digital Transformation; and François Maugin, head of Innovation and Partnerships at Arhyze. With this innovative venture, Arhyze reaffirms its commitment to leading the way in sustainable energy and reducing carbon emissions. The collaboration promises to set new standards in the green energy sector, highlighting the role of the Pernambuco region as a key player in the global transition to a cleaner and more sustainable future.