The EU will invest three million euros in the renewable hydrogen value chain in Brazil.

The strengthening of the strategic partnership between Brazil and the European Union, the expansion of trade and financial flows, and the advancement of cooperation in areas such as critical minerals, energy transition, digital infrastructure, and bioeconomy marked the debates of the II Brazil-European Union Investment Forum, held on Monday (23), at the headquarters of the Brazilian Trade and Investment Promotion Agency (ApexBrasil), in Brasília. During the meeting, the European Union announced more than €266 million (approximately US$306 million) in new investments in Brazil, destined for projects in connectivity, low-carbon hydrogen, sustainable development, and social inclusion. Promoted by the Brazilian Center for International Relations (CEBRI) in partnership with the Delegation of the European Union in Brazil and ApexBrasil, the forum brought together government authorities, representatives of the private sector, financial institutions, and experts from both sides of the Atlantic to discuss business opportunities and long-term initiatives. The program included debates on the Mercosur-European Union Agreement, green industry, infrastructure, digitalization, and global value chains. At the opening of the event, the president of ApexBrasil, Laudemir Müller, highlighted the favorable moment of the Brazilian economy and the importance of the partnership with Europe to expand investments and add value to national production. "Even in the face of an increasingly complex international scenario, Brazil achieved historical records, with US$ 348 billion in exports and US$ 77 billion in investments attracted in the last year. With the European Union, we surpassed US$ 100 billion in trade flow. We have a partnership based on shared values and strategic complementarity: Brazil possesses essential mineral resources for the new economy, while Europe can contribute capital, technology, and knowledge to develop higher value-added production chains," Müller emphasized. Representing the European Union, the European Commissioner for International Partnerships, Jozef Síkela, highlighted the importance of cooperation based on trust and a long-term vision. "I am in Brazil with a clear objective: to make the partnership between the European Union and Brazil even stronger. At a time when many countries prioritize immediate gains, we believe in cooperation based on rules, mutual benefits, and trust. For more than 30 years we have built this relationship, sustained by common values such as democracy, multilateralism, and climate action. Now we want to transform this partnership into more investments, more jobs, and more opportunities for our societies," said Jozef Síkela, European Commissioner for International Partnerships. In particular, in the clean energy sector, the H2Uppp Brazil project, focused on developing the value chain of renewable and low-carbon hydrogen, will receive €3 million from the European Union and €510,000 from the German government to support innovative projects and prepare them for attracting private investment.

This text was translated by machine from Brazilian Portuguese.