H2Tech Market Data 2023 - 29

* Engie and Mining3's Hydra project.
Other Central/South American nations. Several other
Latin American nations are increasing the production of
green H2
ment of Tierra Del Fuego to build a 55-tpd green H2
in the Rio Grande area. The $500-MM project will use wind
power to produce green H2
. In Argentina, MMEX is working with the governplant
which can be converted into
green ammonia or green methanol. The island is trying to
secure upwards of $6 B in investments to build wind farms
and electrolyzers to convert its economy from fossil fuels
to carbon-free energy.
In the Patagonia area, Fortescue Future Industries
has announced it will invest more than $8 B to produce
2.2 MMtpy of green H2
by 2030. At the time of this publication,
Fortescue was testing the wind power of the region.
If acceptable, the company will build a pilot facility prior to
developing a full-scale commercial complex.
Monomeros plans to use offshore wind energy in
Colombia to produce green H2
ATOME Energy is building its own 250-MW green H2
ammonia production plant in the Itaipu Technology Park.
The Middle East is rich in both fossil and renewable energy.
The region is now preparing to lean more heavily on its
renewable energy sector by developing its low-cost solar
and wind resources to power electrolyzers to produce H2
export to green energy-hungry Europe and Asia. According
to the MENA Hydrogen Alliance's 2021 report The Potential
for Green Hydrogen in the GCC Region, Gulf Cooperation
Council (GCC) countries have several competitive advantages
to becoming a major H2
energy provider to nations
, which will be converted
into green ammonia. The company is planning to build a
100,000-tpy facility that will produce green ammonia for
domestic fertilizer production. Ecopetrol, the national petroleum
company of Colombia, is working with several companies
to decarbonize its operations. The company announced
plans to invest an estimated $140 MM/yr to increase H2
production to 1 MMtpy by 2040. These investments will help
the company reduce carbon emissions by 50% by 2050.
Enertrag is investing in the Tambor Green H2
hub in Tacuarembó,
Uruguay. The complex will consist of wind and
solar power generation capacity, along with an electrolyzer
to produce 15,000 tpy of green H2
. The green H2
will be
converted into e-methanol.
Paraguay is planning to increase the production of green
H2 and green ammonia, as well. According to the country's
Green Hydrogen Roadmap in Paraguay, the country has
ambitious plans to increase H2
production to 90,000 tpy
by 2030. MET Development and FerSam Uruguay will use
hydroelectric power from the Itaipu Dam to produce green
in Alto Parana. In turn, the company will produce green
ammonia for renewable fertilizer production. The project is
scheduled to be commissioned in 2026. Once operational,
fertilizer production is expected to reach 500,000 tpy.
around the world: an abundance of solar and wind energy,
adequate funding mechanisms to build capital-intensive
infrastructure, an advanced export infrastructure and a
central location to energy demand markets. The report
forecasts that GCC countries could witness H2
revenues of
$70 B-$200 B by 2050.
For example, Saudi Arabia intends to become the world's
leading exporter of H2
and has expressed interest in transporting
H2 to Europe via pipeline if the economics allow it.
The country also intends to generate 50% of its power from
clean energy sources and add 60 GW of renewable power
generation capacity from solar and wind to its grid by
2030. Meanwhile, the UAE is finalizing an H2
is looking to add H2
roadmap and
to its 50% renewables energy mix by
2050. Domestic energy giant ADNOC is pushing for largescale
production of blue H2
and blue ammonia and intends
to boost its overall H2 production from 300,000 metric tpy
to 500,000 metric tpy.
At present, Oman, the UAE and Saudi Arabia are the
leaders in active project developments in the Middle East
(FIG. 13). These three nations comprise nearly 75% of the
region's total market share for active projects.
Saudi Arabia. The Kingdom has ambitious plans to be the
leader in both H2
production and global supply, as well as
reach net-zero emissions targets by 2060. Saudi Arabia's
National Hydrogen Strategy seeks upwards of $36 B in H2
investments by 2030. According to Saudi Arabia's Director
FIG. 13. Total active H2
Middle East by country.
project market share in the
7% Bahrain
7% Isreal
7% Iraq
3% Kuwait
15% Saudi Arabia
33% Oman
3% Qatar
25% UAE
of the Ministry of Energy, Ahmed Al-Dowsary, these investments
will focus on five priority areas:
1. Government-to-government engagements
supporting H2
2. H2 exports infrastructure
3. Establishing a regulatory framework
4. Setting up standards and certifications
5. Expediting H2
-related investments.
This funding will also be instrumental in furthering new
technologies to produce H2
. For example, King Abdulaziz
City for Science and Technology is partnering with CarbonMeta
to advance plastics waste-to-H2
includes the development of industrial-scale H2
technology. This
and carbon
extractive processes-the group is working on optimizing
microwave catalysis processes that were developed by the
University of Oxford.
Saudi Arabia's planned " smart city " of Neom-a $500-B
initiative in the northwest of the country-will include a
$5-B green H2
project to produce feedstock for green
ammonia that will be exported to global markets. The Neom
Helios project, involving Air Products, Acwa Power and
Neom, reportedly will be the world's largest green H2
ammonia production facility.
The H2
plant will use 4 GW of renewable power from
solar, wind and storage to produce 650 metric tpd of H2
from a thyssenkrupp-supplied electrolyzer. The project,
which is scheduled to come onstream by 2026, will produce
MARKET DATA 2023 | H2-Tech.com

H2Tech Market Data 2023

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