Chile plans to begin a competitive process within a month to award $50 million in subsidies for green-hydrogen projects as the biggest copper-producing nation strives to become carbon neutral.
The Energy and Mining Ministry has identified about 40 projects in industries including mining and infrastructure and has received considerable interest from local and overseas groups, said Energy Minister Juan Carlos Jobet. Funds would be awarded later in the year.
"We've seen a lot of traction in green hydrogen," Jobet said in an interview Wednesday. "The main purpose there is to scale up production, to reduce the cost of electrolysis, which is the biggest challenge there."
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