Brazilian logistics player Prumo Logistica has plans to build one or more hot briquetted iron plants in the adjacent area of Agu port in the state of Rio de Janeiro in Brazil. The HBI plant will be adjacent to the iron ore terminal of Anglo American and not far from the pellet plants of Vale, located in the neighbor state of Espirito Santo. The project has the reduction of C02 emissions as background, with focus on the domestic market. The production of HBI using iron ore pellets will allow the integrated steel producers for a reduction by 60-70% of their C02 emissions, considering the whole process, when replacing sintered iron ore by HBI in their blast furnaces. The HBI plant will count on green hydrogen, to be produced by the port authority, with the start-up scheduled for 2025. Fortescue Future Industries and Porto do Açu Operações have signed a Memorandum of Understanding to assess the opportunity to develop hydrogen-based green industrial projects in Rio de Janeiro in Brazil. Signed in late February, the MOU will allow for FFI and Port of Açu to conduct development studies into the feasibility of installing a green hydrogen plant at Port of Açu. Subject to the outcome of the studies, the project envisages construction of a 300 megawatt capacity green hydrogen plant at Port of Açu, with potential to produce 250,000 tonnes of green ammonia per year. The story of Prumo began to take shape in 2013, when the American fund EIG acquired a majority stake in the largest private port-industrial complex in Brazil, Porto do Açu. United Arab Emirates sovereign fund Mubadala Investment Company is also a shareholder
Brazilian logistics player Prumo Logistica has plans to build one or more hot briquetted iron plants in the adjacent area of Agu port in the state of Rio de Janeiro in Brazil. The HBI plant will be adjacent to the iron ore terminal of Anglo American and not far from the pellet plants of Vale, located in the neighbor state of Espirito Santo. The project has the reduction of C02 emissions as background, with focus on the domestic market. The production of HBI using iron ore pellets will allow the integrated steel producers for a reduction by 60-70% of their C02 emissions, considering the whole process, when replacing sintered iron ore by HBI in their blast furnaces. The HBI plant will count on green hydrogen, to be produced by the port authority, with the start-up scheduled for 2025. Fortescue Future Industries and Porto do Açu Operações have signed a Memorandum of Understanding to assess the opportunity to develop hydrogen-based green industrial projects in Rio de Janeiro in Brazil. Signed in late February, the MOU will allow for FFI and Port of Açu to conduct development studies into the feasibility of installing a green hydrogen plant at Port of Açu. Subject to the outcome of the studies, the project envisages construction of a 300 megawatt capacity green hydrogen plant at Port of Açu, with potential to produce 250,000 tonnes of green ammonia per year. The story of Prumo began to take shape in 2013, when the American fund EIG acquired a majority stake in the largest private port-industrial complex in Brazil, Porto do Açu. United Arab Emirates sovereign fund Mubadala Investment Company is also a shareholder
