The government of Brazil’s Ceara state has signed a Memorandum of Understanding (MoU) with Jepri Group for the development of a green hydrogen project. The green hydrogen production facility will be situated in CIPP (Ceara’s Pecem Industrial Port Complex). The facility is expected to produce approximately 1.2 million metric tons of clean fuel annually, with an investment of around USD 3.6 billion.

Construction is projected to commence in 2025, and the site is expected to start producing green hydrogen by 2027. This marks the 35th Memorandum of Understanding that the Ceara government has signed with a private business involved in the state's green hydrogen production. The state anticipates an investment of approximately USD 17.9 billion to create 80,000 jobs by 2030. By 2030, the CIPP hopes to produce 6 GW of energy along with 1 million tons of green hydrogen.

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Cesar Ruiz Muñoz, the CEO of Jepri Group, stated that Ceara and the Port of Pecem meet the standards to have a competitive product on a global scale. The concrete manifestation of the green hydrogen project by the Jepri Group represents a paradigm shift in Ceará's energy sector towards one that is more environmentally friendly and sustainable, aligning with worldwide efforts to promote ecological responsibility.

About Jepri Group

Jepri Group is a Spanish company that is investing in the development of green hydrogen in Brazil.  Jepri's projects in Brazil are part of a broader strategy to develop the green hydrogen market in the country. Brazil has a number of advantages for the production of green hydrogen, including abundant renewable energy resources and a large industrial base. The company believes that Brazil is well-positioned to become a global leader in the production and use of green hydrogen.

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