May 02, 2024 #ChileSustentable

If it's green hydrogen, the world starts with Chile

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  • The government unveiled the Green Hydrogen Action Plan 2023-2030, with 81 actions to deploy an industry that reconciles economic and community development, as well as respect for the environment.
  • Chile can become one of the most competitive green hydrogen producers in the world, attracting investments of US $475 billion over the next ten years.

The Government of Chile unveiled the Green Hydrogen Action Plan 2023-2030, which considers 81 actions to deploy an industry that reconciles economic development, respect for the environment, territory and communities .

During the milestone, President Gabriel Boric said he was "convinced that Chile's well-being is at stake here in the coming decades if we know how to take advantage of this window of opportunity".

Chile has a unique geography that will allow it to position itself in the future as one of the most important countries in the development of green hydrogen.

"This industry is taking off in Chile, there are more than 50 projects that are in different stages of development, especially in Antofagasta and Magallanes, among many initiatives underway today," he added.

The action plan was conceived by the Green Hydrogen Strategic Committee, a cross-cutting group of experts and actors from different sectors and political fronts, including former President Michelle Bachelet and former Minister of Energy and Mining, Juan Carlos Jobet, as a sign of consensus on the development of this State initiative, which seeks comprehensive progress for Chile.

If it's green hydrogen, the world starts with Chile 

Chile's geography offers advantages for the development of renewable energies, allowing Magallanes and Antofagasta - with their wind capacity and solar radiation - to emerge as strategic regions for the development of this fuel. 

According to Bloomberg's Climatescope 2023 ranking, Chile is one of the three most attractive economies worldwide for investment in clean energy. In addition, it is estimated that the National Green Hydrogen Strategy will allow investment opportunities for US $475 billion in the next ten years. 

According to the Chilean Hydrogen Association, H2 Chile, up to April 2024 there were 67 industrial projects around this fuel, with investments close to 5 billion dollars by 2025. Of these initiatives, 8 are underway as pilots, including HIF Global's Haru Onu, conceived as the first operational e-fuel plant in the world, located in the Magallanes Region.

By 2050, it is projected that Chile could supply a significant part of the world's green hydrogen, demand that would reach 660 million tons.

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