Home » Economy » CAP and GNL Quintero among companies that will receive support from Corfo to develop green hydrogen | Economy

CAP and GNL Quintero among companies that will receive support from Corfo to develop green hydrogen | Economy

Corfo reported that it awarded co-financing to six companies that will develop green hydrogen proposals. They are projected to produce 45,000 tons per year and attract investment of $ 1 billion.

Corfo selected six of the twelve proposals in the first call to develop production plants of green hydrogen in Chile, which will be installed in the north, center and south of the country; to respond to the challenges of climate change, as well as promote investment in clean energy, job creation and entrepreneurship opportunities at the local level.

These are the initiatives promoted by Enel Green Power, Linde, Engie, Air Liquide, GNL Quintero, and CAP; selected in a call to be supported with co-financing.

The production plants will install in the regions of Antofagasta, Valparaíso, Bío Bío and Magallanes. They must enter into operation no later than the end of 2025.

Chile, thanks to its advantages in the generation of renewable energies -with the highest solar radiation in the world and with an excellent wind resource- is one of the countries that stands out for its potential to produce and export green hydrogen worldwide.

“The projects that we are supporting today, with an electrolysis capacity of 388 MW, are equivalent in size to what is currently in operation worldwide. With this, a path is being traced that will facilitate the development of future initiatives by installing new capacities in Latin America to achieve carbon neutrality, which positions Chile as the first in the region ”, indicated Corfo’s executive vice president, Pablo Terrazas.

To this, he added that “it is very positive that the projects received consider applications in explosives and transportation for mining, industrial processes in the steel industry, residential heating, industrial heat, green fuels, among others. Furthermore, we highlight that all the proposals contemplate desalination or increase the efficiency in the use of water (…) ”.

The selected ones

The selected proposals correspond to: “South Lighthouse Project”, presented by the company Enel Green Power Chile SA, which will produce 25,000 tons of green hydrogen per year in the Magallanes region.

Second, you will find “HyPro Aconcagua”, a proposal put forward by the company Linde GmbH, which proposes to install a project to replace a part of the current gray hydrogen production that they have installed in the Aconcagua oil refinery, located in the Valparaíso region and that belongs to the National Petroleum Company (Enap).

Another project is “HyEx-Green Hydrogen Production”, led by Engie SA, which seeks to generate an industrial pilot scale plant for the generation of 3,200 tons of green hydrogen per year, from an electrolysis capacity of 26 MW in the Antofagasta region.

Too “Antofagasta Mining Energy Renewable (AMER)”, an initiative by Air Liquide SA with which it is expected to produce 60,000 tons per year of e-methanol from renewable energy, green hydrogen and CO2 captured from a fixed source. With an electrolyzer power of 80 MW, it will be installed in the Antofagasta region.

Another selected proposal is “Green Hydrogen Bahía Quintero”, led by GNL Quintero SA, which includes the development, construction and operation of the first large-scale green hydrogen plant, located in the central zone of Chile, in the Valparaíso region.

And finally, CAP SA will develop its proposal “H2V CAP”, which seeks to implement, in the Bio bio region, a green hydrogen plant that will have an electrolyzer power of 20 MW, in order to produce 1,550 tons of green hydrogen per year and reduce more than 161,000 tons of CO2 per year.

“The selected proposals will attract investments of US $ 1 billion and expect to produce more than 45,000 tons of green hydrogen per year, which will reduce more than 600,000 tons of CO2 per year ”, added Terrazas.

With this, he added, they hope to give a “kick start to accelerate the development of the green hydrogen industry in Chile, which will be key to moving towards carbon neutrality 2050 and meeting the goal that we have set ourselves as the Government of Chile. be leaders in the production of this fuel from our country to the rest of the world ”.

The selected initiatives must go into operation no later than December 2025 and will receive a total contribution of US $ 50 million for their development.

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