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Port of Açu and Yamna Announce a Land Reservation Agreement for the Development of a Green Ammonia Plant in Brazil

Port of Açu and Yamna Announce a Land Reservation Agreement for the Development of a 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 1MTPA
Rio de Janeiro – January 7th, 2025 Port of Açu Operações (“Port of Açu”) and YamnaCo Ltd (“Yamna”) have signed a land reservation agreement in the new hub for low-carbon hydrogen 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 two million square meters for green hydrogen projects. The new area adds to the 1 million square meters 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 one million tons per year (1MTPA). It expects to reach the final investment decision 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.
From the left: Abdelmajid Sbihi (Business Development Director at Yamna), Mauro Andrade (Executive Director of Business Development at Prumo), Gal Bogin (Chief Development Officer at Yamna), Marcus Ricchezza (Senior Business Development Manager at Prumo), Pedro Garcia (Chief Technology Officer at Yamna).

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.

Mr. 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

Mr. 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 Final Investment Decision (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.

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.

Mr. Kristof Waterschoot
CEO Port of Antwerp-Bruges International
About Port of Açu
Port of Açu Operações (Port of Açu Operations) is a company of the Prumo Group in partnership with the Port of Antwerp-Bruges International, controlled by EIG Partners. It is responsible for the development and management of the Açu port complex, the only private port in operation in Brazil. The infrastructure has unparalleled potential to support new businesses and various low-carbon industrial niches. Guided by Prumo’s strategic perspective, Port of Açu is today one of the largest and most promising enterprises in Brazil. With unique opportunities and shared value through sustainable growth, Porto do Açu represents the union of the experience of the 2nd largest European port with the benefits of the largest port, industrial and energy complex in Latin America.
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About YAMNA
Yamna is a specialised green hydrogen and derivatives platform led by experts in the energy industry. We aim to produce green molecules at scale to displace existing or future fossil fuel solutions and contribute to reducing global greenhouse gas emissions. Yamna is focusing on large scale green hydrogen and derivatives projects in the most competitive locations globally taking an early mover position in an attractive segment with strong fundamentals. The company is financially backed by HYCAP, a UK-based net zero asset management company dedicated to investing in and promoting sustainable and clean energy solutions.
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