Ceiba Energy is developing the Portocem LNG-to-Power project in Brazil
Project: Portocem LNG-to-Power Development
Location: Northeast Brazil
Project Details
- Power Plant: Up to 1,647 MW; Gas-fired Combined Cycle
- Estimated COD Start: January 2025
Project Partners
- Ceiba is developing the project with Rio Energy, also a Denham-backed company. Rio Energy is an established renewable energy developer in Brazil with 629 MW in PPAs and 2.4 GW in the development pipeline
- Partnered with global gas supply & transportation and energy marketing & LNG shipping companies
- EPC services provided by leading global OEM and construction firms
Plant Site Characteristics
- Site permitted for ~2.2 GW
- Ideal location to connect to existing port (15 km away) for gas pipeline and water intake/discharge
- Port already set up for LNG, with ability to receive largest FSRU (up to 265,000 m3)
- Transmission line ~5 km to existing substation
Project Benefits
- 1) The plant will provide reliable and firm electricity for the region compared to intermittent hydro, wind, and solar
- 2) 3,000 direct jobs created during 34-month construction period, and 75 direct employees during operations phase
- 3) Project will bolster economic & industrial development, in addition to tax revenue, for the region
- 4) Provides foundation for future gas market locally
