Colombia's state-controlled energy company, Ecopetrol, has unveiled plans to invest $28.5 million in building a cutting-edge green hydrogen plant in Cartagena. This initiative aims to establish Latin America's largest green hydrogen facility, producing 800 tonnes of green hydrogen per year. The announcement aligns with President Gustavo Petro's vision to decrease the country's dependency on fossil fuels. Ecopetrol, a major player in Colombia's energy sector, is diversifying its portfolio by venturing into low-emission hydrogen production and signaling its intention to take part in upcoming auctions for offshore wind projects. By transitioning towards cleaner energy solutions, Ecopetrol anticipates a substantial financial gain, estimating an increase of $400-485 million in annual earnings before interest, taxes, depreciation, and amortization by 2040, according to the company's statement. This strategic move not only underscores Ecopetrol's commitment to sustainability but also positions the company as a key player in the renewable energy sector in Latin America.