Ecopetrol S.A. EC, a Colombia-based energy firm, has revealed plans to construct a new green hydrogen plant at its refinery in Cartagena, set to be the largest renewable energy producing plant in Latin America with an 800-ton yearly capacity. This initiative supports Colombia's aim to reduce dependence on fossil fuels, with the plant expected to play a crucial role in transitioning to cleaner energy sources. The green hydrogen produced will be used for hydrotreating fuels at the Cartagena refinery, aiming to cut carbon emissions by 7,700 tons annually. The plant is projected to commence operations in the first half of 2026. Ecopetrol anticipates that the green hydrogen production will significantly contribute to its EBITDA, potentially adding $400-$485 million annually by 2040, reflecting a substantial revenue diversification strategy. The company credits its cost-effective hydrogen production to advanced technologies, including a solar farm at the refinery. This move emphasizes the company's commitment to sustainable development and reducing emissions. Overall, the project signifies Ecopetrol's proactive step towards cleaner energy production and aligns with global trends in transitioning to low-carbon energy sources.