Chile signed agreements with the first three companies selected to provide capital for the development of industrial-scale green hydrogen production projects, equivalent to what is currently in operation worldwide.
The state development agency Corfo signed the agreements for a total electrolysis capacity of 388 megawatts with the regasification plant GNL Quintero, the iron producer CAP and Air Liquide.
“Not only is this a great opportunity for economic development, but it is also a key piece in advancing towards a just energy transition and the challenge of decarbonization to face the climate crisis,” said Corfo’s executive vice-president, José Miguel Benavente, quoted in a statement.
Three other companies will later be added to Corfo’s selection of projects, which expects the six initiatives to raise total investments of US$1 billion.
GNL Quintero will receive 5.7 million dollars for the project to build an installed electrolyzing capacity of 10 megawatts, with which it will produce some 500 tons of green hydrogen.
CAP will obtain US$3.6 million for its 12 megawatt project, and Air Liquide plans to produce 60,000 tons per year of e-methanol from renewable energy, green hydrogen and CO2 captured from a fixed source, and will receive US$11.7 million from Corfo.
“Corfo’s contribution for these initiatives will be destined to the investment in electrolyzers for the development of its Green Hydrogen projects in the country and whose commissioning is projected for December 2025,” said the agency.
