The World Bank has approved $134 million in financing to support the green hydrogen strategy of Brazil’s Pecém Industrial and Port Complex (CIPP) and the state government of Ceará, positioning the region as a leader in clean energy transformation.

The funding package combines a $90 million IBRD loan, a $9 million IBRD grant, a $33.5 million Climate Investment Funds (CIF) loan, and a $1.5 million grant under the Renewable Energy Integration program. It will finance core infrastructure—such as port improvements, electrolyser connections, and grid upgrades—to attract private investment in green hydrogen production and derivatives.

Ceará’s governor, Max Quintino, described the financing as “historic,” highlighting its potential to generate jobs, attract investment, and strengthen climate resilience at the Pecém Complex. The initiative also aligns with Brazil’s updated National Hydrogen Program and follows similar World Bank support in Chile and India.

The project will enable clean hydrogen and derivative production in Ceará, supporting Brazil’s net-zero goals and setting a model for regional hubs that combine industrial growth with sustainability.

Source:

https://www.energetica-india.net/news/world-bank-to-support-green-hydrogen-strategy-of-cipp-in-brazil-with-usd-134-million-financing