Chile Explores Green Hydrogen Opportunities
- May 27, 2022
- Posted by: Quatro Strategies
- Category: Cleantech
Chile’s state development office Corfo signed agreements with three companies to fund industrial green hydrogen production, with a view of doubling current world output.
Corfo’s Executive VP Benavente said Chile aims to boost economic development and accelerate energy transition efforts to meet decarbonization targets.
Corfo signed agreements with regasification plant GNL Quintero, iron producer CAP and industrial gas supplier Air Liquide.
The three projects are part of six selected by Corfo last December. When completed, they are expected to have a total electrolysis capacity of 388 megawatts. Corfo expects $1 billion in investments and production of 45,000 tonnes of hydrogen a year.
As part of the agreement, GNL Quintero will receive $5.7 million to construct a 10-megawatt electrolyzer, which uses electricity to split water into hydrogen and oxygen. It is estimated to produce 500 tonnes of green hydrogen a year.
CAP will receive $3.6 million to build a 12-megawatt electrolyzer and Air Liquide will receive $11.7 million to use captured CO2, renewable energy and green hydrogen to produce 60,000 tonnes of green methanol a year.
Corfo expects the projects to launch in December 2025.
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