YPFB Receives Bid for Green Hydrogen Project in Bolivia
Key Ideas
- Bolivia's state hydrocarbons company, YPFB, received a bid from Egaflow H2V to conduct a conceptual engineering study for green hydrogen, ammonia, and methanol plants.
- The 240-day contract involves various tasks such as assessing raw material availability, determining plant locations, and conducting a market study for the products and subproducts.
- The study also includes identifying sites near renewable energy systems and exploring the feasibility of connecting to the national power grid, with a contract decision expected in January.
- The project is part of Bolivia's green hydrogen strategy, with a substantial investment of nearly US$3 billion earmarked for implementation.
Bolivia's state hydrocarbons company, YPFB, has received a bid from Egaflow H2V to carry out a conceptual engineering study for the implementation of green hydrogen, ammonia, and methanol plants. The 240-day contract encompasses tasks such as evaluating raw material availability, selecting plant locations, and drafting a market study for the products and subproducts of the plants. The study also involves assessing the feasibility of connecting to renewable energy systems or the national power grid. A decision on the contract is anticipated in January. This project aligns with Bolivia's green hydrogen strategy, which outlines a significant investment of almost US$3 billion for the development of these plants. The initiative aims to leverage renewable energy sources and enhance the country's position in the green energy sector, contributing to economic and environmental sustainability.
Topics
Green Hydrogen
Renewable Energy
Petrochemicals
Engineering
Power Grid
Latin America
Business Intelligence
Contracts
Market Study
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