The Hydrogen Stream: Brazil signs hydrogen support scheme

As Brazil starts its low-carbon hydrogen program, industry consolidation continues with two M&A operations in Italy and Texas. Brazil's President Luiz Inácio Lula da Silva signed into law Bill 2308/2023, which creates the legal framework for low-carbon hydrogen, including a series of initiatives and incentives totaling BRL 18. 3 billion ($3. 2 billion) over the next five years. "When I see people talking about green hydrogen, solar energy, wind energy, biomass, green hydrogen, I think: which country in the world can compete with Brazil?" said Lula. According to the Brazilian government, the hydrogen ...

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