Partnership between Vale and Green Energy Park in Brazil receives Global Gateway flagship status by the European Union
Companies seek to enable the construction of a green hydrogen plant to supply a Mega Hub in Brazil for the manufacture of low carbon products to the steel making industry
RIO DE JANEIRO, BRAZIL / ACCESS Newswire / March 17, 2025 / A project by Vale and Green Energy Park (GEP) has been selected by the European Commission and the 27 Member States as one of the flagship projects of the European Union's Global Gateway Program in the Climate and Energy category. The project seeks to enable the construction of a green hydrogen unit to supply the future development of a Mega Hub in Brazil and is part of the "Brazil North-East Green Energy Parks and Green Shipping Corridors" initiative.
The Global Gateway is a European Union initiative that aims to commit up to €300 billion in global investments between 2021 and 2027. The focus is on sustainable, high-quality investment projects in sectors such as digital, climate and energy, transport, health, education and research. These projects aim to strengthen strategic partnerships and promote the integration of EU value chains with strategic partner countries.
"By including the Vale-GEP project in its list of priorities, the European Union recognizes the importance of this initiative for the development of the green hydrogen chain and the decarbonization of the global steel industry," said Rogério Nogueira, Vale's Executive Vice President for Commercial and Development. "We have gained another boost to attract other partners to support us in making this project viable, which we consider fundamental for Brazil's low-carbon economy."
The project represents a major milestone in deepening cooperation between Europe and Brazil and advancing energy transition. Under Lithuania's initiative, it was proposed and approved as one of the EU's Global Gateway flagship projects.
"The European Global Gateway strategy and its flagship projects drive high-quality infrastructure investments that strengthen global connectivity while aligning with EU priorities. It also creates valuable opportunities for Lithuanian and other European businesses to contribute to sustainable development as well as resilient and trusted supply chains across the globe," said Kęstutis Budrys, minister of Foreign Affairs of the Republic of Lithuania.
The initiative was also endorsed by the President of the European Commission, Ursula von der Leyen, and received significant political support as further explained by Marian Schuegraf, ambassador to the Delegation of the European Union in Brazil. "European and Brazilian businesses such as Green Energy Park and Vale lead the development of decarbonization solutions in Brazil. Supporting such initiatives, connecting and strengthening value chains on both sides of the Atlantic and to mutual benefit, is a priority for the EU under the Global Gateway Investment Agenda", said Ms. Schuegraf.
For Bart Biebuyck, CEO of Green Energy Park, it is the perfect example of an initiative that fully meets the objectives of the Global Gateway: "The Global Gateway is a tool that helps finance the kind of cooperation where there is a win-win situation for Europe and partner countries like Brazil. And this is exactly the case with our project".
Announced in October 2024, the partnership between Vale and GEP is developing feasibility studies for the installation of a green hydrogen production unit in Brazil. The aim is for this unit to supply a future Mega Hub - an industrial complex designed to manufacture low-carbon steel products - in the country.
The Vale-GEP project had already been included in the Brazil Platform for Climate Investments and Ecological Transformation (BIP), announced by the Brazilian Government and partners last year, the aim of which is to promote investments in ecological transformation to decarbonize the economy. Therefore, the project's relevance has been recognized both in Brazil and in Europe.
Vale has been actively seeking partners to enable the construction of Mega Hubs in Brazil. In these industrial complexes, Vale will supply iron ore agglomerates (pellets or briquettes), which will serve as an input for the manufacture of hot-briquetted iron (HBI), an intermediate product between iron ore and steel.
About the "Brazil North-East Green Energy Parks and Green Shipping Corridors"
This initiative represents several projects by Green Energy Park in the North-East of Brazil, whereby the partnership with Vale stands out as a unique example for the great economic potential of integrating the hydrogen value chain on both sides of the Atlantic. The project leverages Brazil's natural competitive advantages in renewable hydrogen together with Vale's high-quality iron ore supply in the country. Producing green HBI in Brazil is set to supply European markets for green steel delivered via decarbonized shipping corridors to various ports in Europe.
About Vale
Vale is a global mining company that exists to improve lives and transform the future together. One of the world's largest producers of iron ore and nickel and a major copper producer, Vale is headquartered in Brazil and operates around the world. Its operations comprise integrated logistics systems, including approximately 2,000 kilometres of railways, marine terminals and 10 ports distributed around the globe. Vale has the ambition to be recognized by society as a benchmark in safety, the best-in-class reliable operator, a talent-driven organization, a leader in sustainable mining, and a benchmark in creating and sharing value.
About Green Energy Park
Green Energy Park is an integrated hydrogen company, implementing one of the largest climate impact undertakings in the world. The company's objective is to design, build, and operate hydrogen production infrastructure with ammonia and methanol the long-distance renewable energy carriers of choice. As a molecule's specialist, and to achieve cost leadership, GEP implements leading hydrogen technologies on its standardized production platform at the gigawatts scale. Green Energy Park's mission is to accelerate the energy transition and make the hydrogen economy a reality.
Media contacts:
Daniel Kaz
Vale, Media Relations Office
daniel.kaz@vale.com
Tel: +55 21 98901-3301
Loreta Pacipaviciute
GEP, Media Relations Office
media@gep-global.com
Tel: +370 611 22250
Mario Reinisch, CFO
GEP, Investor Relations
mario@gep-global.com
Tel: +39 349 3314908
SOURCE: Green Energy Park
View the original press release on ACCESS Newswire
Green Energy Park
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
GA-ASI and Calidus Sign MOU To Collaborate on Co-Production of MQ-9B and Gambit Collaborative Combat Aircraft20.1.2026 18:00:00 CET | Press release
ABU DHABI, UAE / ACCESS Newswire / January 20, 2026 / General Atomics Aeronautical Systems, Inc. (GA-ASI), the world leader in unmanned aircraft systems, and Calidus Aerospace, one of the leading defense and manufacturing companies, have signed a Memorandum of Understanding (MOU) to collaborate on the prospective co-production of MQ-9B Remotely Piloted Aircraft and Gambit Collaborative Combat Aircraft (CCA) in the UAE, as well as command and control and battle management systems. The agreement was signed by GA-ASI President David R. Alexander and Dr. Khalifa Murad Alblooshi, Managing Director and CEO of Calidus Holding Group, on the sidelines of the UMEX and SimTEX 2026 taking place January 20-22, 2026. The MOU provides a framework for cooperation between GA-ASI, GA-Intelligence, and Calidus where all parties will look to collaborate on programs in the areas of airframe manufacturing, final assembly, test and checkout, as well as flight operational test and acceptance. "Working with pa
Vossen Capital Management Secures £200 Million in Pre-IPO Investment Commitments20.1.2026 15:20:00 CET | Press release
Vossen Capital Management Ltd ("Vossen Capital" or the "Company"), a specialist investment firm focused on fixed income and private market opportunities, announces that it has secured £200 million in committed capital for its Pre-IPO Investment Programme. LONDON, UK / ACCESS Newswire / January 20, 2026 / Highlights: £200 million committed to Pre-IPO allocations across technology, healthcare, and sustainable infrastructure sectors Expanded institutional partner network providing enhanced deal flow access Strong investor demand driven by track record of successful Pre-IPO placements Programme offers qualified investors early-stage exposure to growth companies ahead of public listings The capital commitments have been secured from a combination of institutional investors, family offices, and high-net-worth individuals seeking exposure to private market opportunities typically reserved for venture capital and institutional funds. Jack Vossen, Head of Private Equity at Vossen Capital, comme
Innodata Awarded Prime Contract Position on U.S. Missile Defense Agency's IDIQ SHIELD Program20.1.2026 14:30:00 CET | Press release
NEW YORK CITY, NY / ACCESS Newswire / January 20, 2026 / INNODATA INC. (Nasdaq:INOD) today announced that it was awarded a contract for the Missile Defense Agency Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite-delivery/indefinite-quantity (IDIQ) contract. The SHIELD program is designed to drive rapid innovation and deliver next-generation capabilities that strengthen the nation's multi-layered homeland defense architecture. As part of the broader Golden Dome strategy, this selection positions Innodata to compete for future task orders across research, development, engineering, prototyping, and operations of critical Missile Defense Agency systems that support U.S. national security objectives. The award was made as part of a list of companies eligible to compete under the program publicly announced by the U.S. Government on 15-Jan-26. "We are proud to support our nation's mission to defend the homeland," said Vinay Malkani, SVP Federal of Innodata. "This co
Karbon-X Secures up to $25 Million in Strategic Financing to Accelerate Growth and Expand Global Climate Solutions Platform20.1.2026 14:30:00 CET | Press release
CALGARY, AB / ACCESS Newswire / January 20, 2026 / Karbon-X Corp. (OTCQX:KARX), a vertically integrated climate-solutions company operating across compliance and voluntary carbon markets, today announced that it has secured access to up to $25 million in discretionary financing, providing the Company with enhanced flexibility to scale its platform, deepen market participation, and capitalize on strategic growth opportunities as global carbon markets continue to mature. The financing supports the Company's ability to execute its growth strategy with discipline, while remaining responsive to evolving regulatory frameworks and market demand. "This financing enhances our ability to execute with focus and flexibility," said Chad Clovis, Chief Executive Officer of Karbon-X. "Access to capital allows us to scale areas of the business that are already performing, selectively invest in growth, and pursue opportunities aligned with our long-term value creation strategy." The financing is intende
Polaris Renewable Energy Declares Quarterly Dividend20.1.2026 13:50:00 CET | Press release
TORONTO, ONTARIO / ACCESS Newswire / January 20, 2026 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris Renewable Energy" or the "Company"), is pleased to announce that its board of directors has declared a quarterly dividend of US$0.15 per common share outstanding. This dividend will be paid on February 27th to shareholders of record at the close of business on February 17th. The dividend is an "eligible dividend" as designated for Canadian federal, provincial, and territorial income tax purposes. The board of directors of Polaris Renewable Energy remains committed to paying a quarterly dividend and will evaluate further dividend increases, as appropriate, going forward. About Polaris Renewable Energy Inc. Polaris Renewable Energy Inc. is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Compan
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom