World

 

Español

 

Guyana


Trinidad
& Tobago

 






Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Chile a major green hydrogen producer
by 2030

Photos from Pixabay and Iberdrola. Photo montage edit by Andrea Steffen

Chile aims to become one of world's major green hydrogen export power

- Country setting a goal of 5 GW of electrolysis capacity by 2025
- Chile to provide $50 million to develop green hydrogen projects

By Tom Azzopardi/Platts

SANTIAGO
Petroleumworld 11 04 2020

The Chilean government has set itself ambitious targets to become one of the world's leading exporters of green hydrogen by the end of the decade, taking advantage of the country's huge renewable potential, the country's President Sebastian Pinera said Nov. 3.

Inaugurating the virtual Green Hydrogen Summit, the president said record levels of radiation mean that Chile could be the world's most efficient producer of green hydrogen, more than compensating for the country's distance from major markets.

Unveiling the government's national hydrogen strategy, Energy Minister Juan Carlos Jobet explained that to achieve that goal, the government aims to see 5 GW of electrolysis capacity built or in development by 2025 and to reach 25 GW by the end of the decade by which date exports of green hydrogen and derivatives could reach $2.5 billion annually.

Speaking on a panel with counterparts from Canada, the European Union, Germany, and the UK, the minister highlighted the need for cooperation between countries for Chile to realize its goals.

"We need off-takers, we need technology, and we need companies to come down and invest," Jobet explained.

To attract investors, the government is planning a financing round to provide $50 million to help Chilean and international companies and consortia develop "scalable and replicable" green hydrogen projects in Chile, helping investors to close gaps in their financing models.

Economic development agency CORFO in October launched a request for information for green hydrogen projects which could lead to a request for proposals next year.

The government also aims to set up three international consortia of companies to develop at least 1 GW of electrolysis capacity each. The aim is to have to at least two hydrogen complexes producing 200,000 mt/year of green hydrogen in operation by 2025.

Italian energy firm ENEL has announced plans for a pilot plant to produce green hydrogen using wind farms in Chilean Patagonia by 2023.

In addition, the government is also working to update regulations and safety rules to facilitate the development of hydrogen projects and revise infrastructure and regulations to promote the introduction of green hydrogen into the existing natural gas system.

A public-private committee will be created to debate a roadmap to establish a carbon price to "level the conditions under which new energy sources will compete with traditional fuels."

Other strands to the plan include investment in local research and development to overcome local challenges to development, involving local communities and regions in the development of the technology in Chile, and creating a working group to push state companies such as copper miner Codelco and oil firm ENAP to adopt green hydrogen with their suppliers

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep /
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2020, Elio Ohep A. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2020, Petroleumworld   / Elio Ohep - All rights reserved

 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.