Aker Clean Hydrogen and Mainstream Renewable Power have signed a LoI to discuss the growth of green hydrogen and low-cost production of ammonia in Chile.
The two companies will work together to build a full and economically feasible green supply chain in Chile, leveraging renewable energy from Mainstream’s portfolio of wind and solar park projects in the region.
“Chile´s stable institutions, in addition to responsible fiscal policy, controlled inflation and multiple international trade agreements, make Chile an ideal location for foreign investment.”Juan Carlos Jobet, Minister of Energy and Mining of the Chilean Government.
“Hydrogen will play a vital role in accelerating decarbonization, as it has the potential to significantly cut CO2 emissions by replacing fossil fuel through clean hydrogen and ammonia production and reduce the carbon footprint of industry users.”Kristian Røkke, chief executive officer of Aker Horizons.
Chile has laid out its goal to create the most cost-effective green hydrogen in the world by 2030. Green ammonia can be used by a variety of manufacturing end-users domestically in South America and shipped to other markets.
Both businesses can have exclusive access to additional markets through robust local competence, track record and country connections, which Mainstream first entered into in 2008.
“Chile’s potential to become leaders in the production and export of green hydrogen, green ammonia and synthetic fuels will be key for the decarbonization of Chile and the planet, especially in hard-to-abate sectors, such as industry, heavy-duty transport, and maritime transportation. Our National Green Hydrogen Strategy is beginning to be implemented to translate our vast renewable resource potential into competitive clean energy investment.”Minister Jobet.
“With its excellent wind and solar resources and technological know-how, Chile has the potential to lead the world in the production of the world’s most cost-efficient green hydrogen. As the country’s leading renewable energy company, Mainstream is delighted to be collaborating with Aker Clean Hydrogen by bringing more than 1 gigawatt of our top-class wind and solar asset pipeline to this partnership, thereby taking a leading role in the decarbonisation of the energy, industrial and mining sectors in Latin America.”Manuel Tagle, Mainstream’s CEO for Latin America.