Hy24

Corporate and investment banking services

Strengthens climate resilience and reduces greenhouse gas emissions in Latin America and Caribbean through new technologies and innovative business models

The EU’s long‑term lending institution, financing infrastructure, climate, and development projects inside and outside the EU.

Ammonia produced from green hydrogen, which is generated using electrolysis powered by renewable electricity, representing the ultimate goal for clean shipping fuel.

Process to produce steel using hydrogen derived from renewable electricity instead of coal/coke.

Direct utilization of Paraguay's existing 100% hydroelectric electricity generation to power industrial processes, eliminating reliance on fossil fuels or grid carbon intensity

Villeta (near Asunción)

Norrbotten County

Construction and operation of an industrial-scale green hydrogen-based fertilizer production facility. The project will produce low-carbon calcium ammonium nitrate (CAN) fertilizer using renewable energy from Paraguay's hydroelectric power grid.

World's first large-scale green steel plant using hydrogen-based DRI and EAF.

Low-carbon nitrogen-based fertilizer produced through green ammonia synthesis using renewable hydroelectric power. Contains both nitrogen and calcium components for agricultural application.

Low-carbon steel produced using green hydrogen reduction

Hydrogen produced through water electrolysis using renewable electricity, with zero associated carbon emissions, to be incorporated into the Baytown facility's diverse hydrogen supply mix.