The World Bank's Board of Directors has approved a new initiative to advance the green hydrogen strategy of the Pecém Industrial and Port Complex Company (CIPP) and the Government of Ceará in Brazil. This project aims to support the development of clean hydrogen production at the Pecém Complex, positioning the state of Ceará as a leader in sustainable energy. The initiative is expected to not only contribute to climate goals but also generate employment, foster inclusion, and enhance long-term climate resilience. The Pecém Complex, located in Northeastern Brazil, is a key industrial and logistics hub and is considered an ideal location for green hydrogen development in the country. With support from both state and federal governments, the complex is set to play a central role in Brazil's energy transition. The project focuses on building essential infrastructure to attract private investment in clean hydrogen production and its derivatives, drawing insights from similar World Bank-supported initiatives in countries like Chile and India. President of CIPP, Max Quintino, expressed gratitude for the World Bank's support, emphasizing the project's significance in establishing a green hydrogen hub and positioning Brazil as a global leader in energy transition. Jorge Coarasa Bustamante, World Bank Operations Manager for Brazil, highlighted the importance of investing in green hydrogen for a more sustainable, competitive, and inclusive economy. The project aligns with Brazil's climate and development strategies, supporting Ceará's efforts to promote a low-carbon economy and the growth of a domestic green hydrogen industry. Financing for the project, totaling US$134 million, includes loans and grants from various sources under the World Bank's Investment Project Financing mechanism. This financial support aims to drive green hydrogen development, create economic opportunities, and foster sustainable job creation in Ceará.