Latin America, Brazil, and especially the Port of Santos are on the powershoring radar. This term refers to the attraction of industrial plants powered by clean energy, i.e., energy derived from renewable sources such as hydropower, wind, solar, and biomass, in countries where they are abundant. “Powershoring represents a significant opportunity for Brazil and is a strategy that can be decisive for energy-intensive industries like steel, glass, fertilizers, cement, pulp and paper, and ceramics,” says Davi Bomtempo, Executive Manager of Environment and Sustainability at the National Confederation of Industry (CNI). He adds, “These and other sectors, which have been under pressure due to energy costs and the urgency to decarbonize production, can find in Brazil a secure destination for establishing their factories.”
Sources: A Tribuna/Datamar News