South america tungsten hydrogen energy storage

Could Latin America be a major producer of clean hydrogen?

By Oliver Griffin, Lucinda Elliott and Fabio Teixeira BOGOTA/MONTEVIDEO/RIO DE JANEIRO, (Reuters) - Latin America's wealth of hydroelectricity and other renewable energy resources could make the region a major producer of clean hydrogen as the world seeks alternatives to fossil fuels to fight the climate crisis, but some big hurdles lie in the way.

Will Latin American countries benefit from a'substantial amount of hydrogen'?

Yet critics say its production still requires excessive energy inputs. Latin American countries are poised to benefit as European and Asian countries need to bite the bullet and start signing contracts for "substantial quantities" of hydrogen, Monica Gasca, executive director of the Colombian Hydrogen Association, told Reuters.

Where does Latin America's demand for green hydrogen come from?

Part of Latin America’s demand for green hydrogen is likely to come from the transportation sector, given that the region’s transportation industry is a significant source of carbon emissions.

How many clean hydrogen projects are there in Latin America?

There are about 65 clean hydrogen projects in Latin America, mostly in the early development stages, according to the Wilson Center think tank that hosted the roundtable.

Will Asia & Europe partner with Latin American hydrogen producers?

At a time in which developed nations are competing for emerging technologies and renewable energy sources across the world, Asia, Europe, and the United States are well positioned to partner with Latin American hydrogen producers to expedite hydrogen development in the region.

How much does hydrogen cost in Latin America?

Gray hydrogen generated from fossil fuels currently costs as little as $1 to $3 per kilogram, Palacios added. But Gischler said re-purposing existing assets such as pipelines or building shared infrastructure could push clean hydrogen costs in Latin America down to $1.50 to $2.50 per kilogram. BUYERS AND REGULATORS