Low-cost financing together with the Climate Investment Fund (CIF) for hydrogen hubs

Up to USD 250 million in funding as part of the CIF's Industry Decarbonization investment program (this program is part of the Clean Technology Fund which has a budget of USD 8.6 billion). Funding of up to 50% project costs. Any low-carbon hydrogen route is allowed (including biomass). 70 project proposals were received with capacities ranging from 1 to 350 ktpa. Criteria included project size and location, targeted use, offtake, and number of partners involved, among others. 12 proposals were selected. These projects will be included in a Brazilian submission for Stage 1 of CIF funding. If successful, the government will be invited to present an investment plan

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