TotalEnergies Eyes Brazil Green Hydrogen for European Refineries

  • Oil firm mulls importing clean gas from a $5 billion project
  • Factory to be comparable to some of the biggest in the world
A generator running solely on hydrogen during the Hyvolution exhibition in Paris, France, on Tuesday, Jan. 28, 2025. Photographer: Benjamin Girette/Bloomberg
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TotalEnergies SE is considering importing green hydrogen from a multi-billion dollar project under development in northeastern Brazil to supply its European refineries.

The French energy company would be a key buyer from a plant planned by Brazilian renewables developer Casa dos Ventos, said people familiar with the matter who asked not to be identified because the deliberations are private. TotalEnergies, which has a 34% stake in the developer’s wind and solar generation unit, also is considering taking a direct shareholding in the project, the people said.