About Nexo Brasil

Nexo Brasil is a new facility that works to meet the capital needs of industrial decarbonisation developers by aligning projects with the risk-return appetite of private investors.

Working in coordination with Brazil’s Climate and Ecological Transformation Investment Platform (BIP), Nexo Brasil provides coordinated project support and technical expertise aligned with national priorities.

To advance Brasil’s industrial decarbonisation ambitions, Brasilian and UK ministers announced the first Call for Projects process at COP31. This Brasil-based PPF capability aims to unlock investment in Brazil’s green industrial transition and is a flagship programme for the Global Clean Power Alliance Finance Mission.

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Learn more about Nexo Brazil

Sectors and Pathways

What Nexo Brasil offers

What Nexo Brasil does and does not do

How Nexo Brasil Works

Stakeholders

Priority sectors & Eligible pathways

Projects must apply at least one eligible pathway to the sector’s core production process and meet the applicable conditions. Other pathways within the sector scope may be considered on a case-by-case basis in accordance with the Call criteria.

Low-Carbon Cement

Projects aimed at reducing the emissions intensity of cement and clinker production.

Clinker reduction, including supplementary cementitious materials, calcined clays and alternative binders.
High shares of alternative kiln fuels, including low-carbon waste-derived fuels, residual biomass and low-carbon hydrogen.
Carbon capture, utilisation and storage – CCUS.

Low-Carbon Iron & Steel

Projects aimed at decarbonising iron and steel production processes.

Sustainable biomass-based ironmaking, including biochar and coal replacement.
Scrap-based electric arc furnaces — EAF — with increased recycled scrap or technology switching to EAF.
Direct reduced iron — DRI — using low-carbon hydrogen, biomethane or electrification; or gas-based DRI with a time-bound transition plan.
Self-reduction using biogenic carbon.
Iron oxide electrolysis.
CCUS.

Low-Carbon Aluminium

Projects aimed at reducing emissions from alumina and aluminium production.

Additional renewable power for smelting.
Alumina refining decarbonisation, including fuel switching, electrification and advanced calcination.
Low-carbon or inert anodes and control of smelting process emissions.

Chemicals - Fertilisers & Low-Carbon Fuels

Projects related to the production of lower-carbon fertilisers, fuels and other chemical products.

Advanced biofuels and e-fuels using captured biogenic CO₂ or direct-air capture – DAC.
CO₂ capture from ethanol fermentation with geological storage.
Low-carbon fertilisers.
Industrial production of biological inputs.
Remineralisers.
Enhanced rock weathering – ERW.

What Nexo Brasil offers

Technical Advisory

Feasibility, technology, engineering and climate alignment

Financial Advisory

Modelling, viability, capital structure and blended finance

Transaction Advisory

Deal structuring, materials and support through close

Legal Advisory

Regulation, contracts, permits and legal risks

Financial Engagement

Financing readiness and dialogue with DFIs and investors

What Nexo Brasil does - and does not do

Nexo Brasil supports the preparation of priority industrial decarbonisation projects so they can progress towards FID.

What it does

Identifies preparation gaps
Defines a project-specific workplan
Coordinates specialists and partner institutions
Supports project preparation for assessment by investors and financiers

What it does not do

Does not directly finance projects
Does not provide construction or operating capital
Does not replace the company responsible for the project
Does not assume engineering or technical design responsibilities that belong to the project sponsor
Does not support projects that are still at the ideation or pre-concept stage
Does not duplicate preparation activities already adequately provided by another institution
Does not act after financial close in construction monitoring, implementation or asset management
Does not guarantee approval or financing

How the Nexo Brasil Works

Nexo Brasil provides multi-disciplinary support for developers through to FID. The exact pathway will depend on each project’s needs, and not all projects will go through every stage.

Journey stages

Outputs

1

Project Scoping and Pre-Feasibility

Output

Project scoping report
2

Technical Feasibility and Public Policy Mapping

Output

Feasibility study + public policy mapping
3

Enabling Environment Coordination

Output

Gap-resolution record
4a

Financial Structuring

Output

Financial model + capital structure proposal
4b

Detailed Engineering Design - where required

Output

Engineering report + cost model
5

Transaction Support

Output

Transaction documentation package

Stakeholders

Nexo Brasil, an initiative between UK and Brasil, complements the Brasil Climate and Ecological Transformation Investment Platform (BIP) by coordinating preparation support aligned with national priorities and applicable qualification parameters, while taking account of assistance already available to each project. Its development to date has been funded by UK PACT, the UK Government’s Partnering for Accelerated Climate Transitions programme. Nexo Brasil operates separately from BIP’s formal governance and project appraisal processes.

The Brazilian and UK Governments provide strategic direction for Nexo Brasil through the Finance Mission partnership, ensuring alignment with Brazilian national priorities. Ministry of Development, Industry, Trade and Services (MDIC) leads government decision-making concerning the programme, with input from Ministry of Finance (Fazenda) and Ministry of Mines and Energy (MME). Nexo Brasil governance establishes respective responsibilities, the decisions requiring government consideration and the authority exercised.

Want to hear more?

Email: nexo.brasil@gfi.green

Get in touch

Latest News & Insights

Insights

16.12.25

Decarbonising Brazil’s industrial sector

All eyes were on Brazil last month at COP30, as delegates focused on implementation to drive the agenda forward. The GFI was on the...

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Nexo Brasil

Financing Brasil’s industrial transition

About Nexo Brasil

Learn more about Nexo Brazil

Priority sectors & Eligible pathways

Low-Carbon Cement

Low-Carbon Iron & Steel

Low-Carbon Aluminium

Chemicals - Fertilisers & Low-Carbon Fuels

What Nexo Brasil offers

Technical Advisory

Financial Advisory

Transaction Advisory

Legal Advisory

Financial Engagement

What Nexo Brasil does - and does not do

What it does

What it does not do

How the Nexo Brasil Works

Journey stages

Project Scoping and Pre-Feasibility

Technical Feasibility and Public Policy Mapping

Enabling Environment Coordination

Financial Structuring

Detailed Engineering Design - where required

Transaction Support

Stakeholders

Want to hear more?

Latest News & Insights

Join our GFI Newsletter