Latin American countries have entered the green hydrogen market

In recent years, Latin American countries with abundant resources are increasing their investment in the field of green hydrogen.

Many countries vigorously promote green hydrogen projects

Recently, Unigel, Brazil's largest nitrogen fertilizer producer, announced that it will invest US$120 million in green hydrogen production.

The use of renewable energy to produce green hydrogen and green ammonia has gained widespread attention in Latin America in recent years

In addition to Brazil, Argentina, Chile, Costa Rica and other Latin American countries have also significantly accelerated the layout of green hydrogen projects

In addition, the Argentine government also announced that it will cooperate with multinational companies to invest 8.

It is expected to become a green hydrogen export distribution center

According to statistics from the International Energy Agency, in recent years, green hydrogen production projects in Latin America have surged

From the perspective of industry insiders, the transition from an energy importer to a green hydrogen exporter is one of the main reasons for Latin American countries to promote the development of green hydrogen

The International Renewable Energy Agency has commented that by 2030, the cost of green hydrogen production is expected to be equal to that of natural gas hydrogen production, especially in the case of soaring natural gas prices in local areas, green hydrogen costs may become competitive earlier

At the same time, the huge potential of wind and solar power generation in Latin American countries also provides conditions for the large-scale production and export of green hydrogen

Green electricity supply and transportation become the key

Although the potential is huge, many industry organizations have also pointed out that developing green hydrogen and even becoming a green hydrogen exporter cannot be achieved overnight.

Industry media Recharge analysis pointed out that Unigel's statement stated that 75% of the energy of the planned Brazilian green hydrogen project will come from renewable energy, mainly wind power, but in fact, about 2/3 of Brazil's current electricity comes from hydropower, and ultimately It remains to be seen how "green" this green hydrogen project is

Industry insiders believe that the key to developing such a capital-intensive project as green hydrogen is cooperation between government and business, including incentives for renewable energy

Etienne Gabel pointed out that Latin American countries are far away from hydrogen markets such as Asia and Europe.