Chile, a resource-rich country with the world’s largest lithium reserves, and South Korea have pledged to cooperate on green hydrogen. The two countries will work together to develop new energy industries such as hydrogen and renewable energy.
Ahn Deok-Keun, head of the Trade Negotiations Division of the Ministry of Trade, Industry and Energy in South Korea, met with Diego Pardo, the Chilean Minister of Energy, to discuss the cooperation in the hydrogen and renewable energy sectors. A seminar on Korea-Chile hydrogen cooperation was held following the meeting to strengthen their partnership in the field.
Green hydrogen is produced by electrolyzing water using sunlight, producing a clean energy source that does not emit pollutants. With its vast renewable energy potential, Chile is an ideal partner for South Korea in this field.
Chile is a long country with a north-south land area ideal for renewable energy production. The northern region is known for its high levels of sunshine and is competitive in solar power production. The southern region is known for its high wind speeds, making it suitable for wind power production. Chile has also actively pursued a hydrogen economy transformation policy by announcing a national hydrogen strategy as one of the most advanced Latin American countries.
The Hydrogen Fusion Alliance (H2KOREA), a public-private association to promote the supply of hydrogen, announced the status of the promotion of a clean hydrogen certification system in Korea. The Chilean Investment Agency also explained its investment plan for the Chilean hydrogen industry. Hyundai Motor Company, one of Korea’s leading hydrogen companies, explained its hydrogen vehicle technology and performance.
Chile’s strengths in green hydrogen production and South Korea’s strengths in hydrogen utilization, such as hydrogen vehicles, make them ideal partners in the hydrogen economy. As the world shifts from fossil fuels to clean energy, this cooperation between Chile and South Korea could lead to new opportunities in the hydrogen market.
