Port of Açu and Yamna announce land reservation agreement for green ammonia plant in Brazil
- The plant will be the first project by Yamna in Brazil and will have a production capacity of up to 1 MMtpy
Port of Açu Operações (Port of Açu) and Yamna Co. Ltd. (Yamna) have signed a land reservation agreement in the new hub for low-carbon hydrogen (H2) and its derivatives in the port industrial complex of Port of Açu in the northeast of Rio de Janeiro State to develop a green ammonia project. Port of Açu is reserving 2 MMm2 for green H2 projects. The new area adds to the 1 MMm2 already licensed at the port.
Privately owned by Prumo Logística and Port of Antwerp-Bruges International, Port of Açu is one of Brazil's major oil and gas export facilities handling 40% of the country’s oil exports. The port is also active in the mining and port logistics sector. Currently, it is advancing its energy transition by developing an integrated platform for the low-carbon economy.
Yamna plans that the new plant will have a production capacity of up to 1 MMtpy. It expects to reach the final investment decision (FID) by 2027 and start producing its first green molecules in 2030.
The project is the first by Yamna in Brazil and aligns well with the company’s strategy of developing large-scale export green ammonia projects in the world’s most attractive locations. Brazil, with its immense renewable energy capacity and strategic location for export, offers a significant opportunity to scale green ammonia production to meet growing global demand. Port of Açu, as a leading industrial port and energy hub, provides the ideal infrastructure and logistics for this endeavor, further strengthening Yamna’s position as a global leader in the green ammonia market.
“We are thrilled to welcome Yamna to Port of Açu for their first green ammonia project in Brazil and look forward to working closely with Yamna to ensure the success of this initiative, which will further position the port as a leader in green hydrogen and ammonia production,” said Mauro Andrade, Executive Director of Business Development at Prumo.
“Porto do Açu offers one of the best infrastructures in the country to sustainably support the decarbonization of the industry, with deep draft, available land with direct access to the quay, and a service cluster bringing together multiple suppliers for port and maritime support. This partnership highlights Açu’s strategic role as a hub for sustainable energy solutions and reflects our commitment to fostering innovative projects that contribute to the global energy transition,” said Eugenio Figueiredo, CEO of Port of Açu.
“We are delighted to launch our first development in Brazil with this large-scale project at Port of Açu. The process leading to the signature of the land reservation agreement has been highly collaborative and efficient, and we are confident that this strong cooperation will continue throughout the next phases of the project, paving the way toward a successful FID. We would also like to extend our gratitude to the Port of Antwerp-Bruges International for its invaluable contribution in achieving this important milestone. At Yamna, we look forward to playing a key role in the success of this project, leveraging our expertise in green hydrogen and ammonia,” said Abdelaziz Yatribi, Yamna Chief Executive Officer.
“In order to become a climate neutral port in 2050, our partnership with Porto do Açu is invaluable. We see Açu as the flagship project for the set-up of a green corridor, producing and exporting green molecules from Brazil to Belgium. Yamna’s presence at Port of Açu further reinforces the strength of this initiative, exemplifying the kind of pioneering collaboration needed to drive the global energy transition forward. Together, we are proud to be frontrunners in the global energy transition,” said Kristof Waterschoot, CEO Port of Antwerp-Bruges International.
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