Chile's Green Hydrogen Push: Corfo's $1 Billion Fund and Infrastructure Plans
Key Ideas
  • Chile's development agency Corfo plans to support green hydrogen projects with a $1 billion fund, offering loans and guarantees for better access to financing.
  • The lack of specific regulations is a challenge for Chile's green hydrogen plans, but the government is implementing protocols to prevent project delays.
  • The green hydrogen strategy in Chile includes a focus on domestic consumption and exports, with plans to turn the Laredo port into a hub for production and sale.
  • Key stakeholders in the green hydrogen project at Laredo port include state oil firm Enap, HIF Chile, HNH Energy, and Total Eren, with the project entering the permitting stage.
Chile is making significant strides in the green hydrogen sector with Corfo, the country's development agency, announcing plans to establish a $1 billion fund to support green hydrogen projects. This initiative aims to provide financial support through loans with favorable terms and guarantees to facilitate access to funding. Despite challenges related to the lack of specific regulations, the energy ministry is proactive in addressing bottlenecks by implementing protocols to prevent project delays. The focus of Chile's green hydrogen strategy extends to both domestic consumption and exports, with infrastructure developments at the Laredo port in the Magallanes region playing a vital role. The project, a collaboration between Enap, HIF Chile, HNH Energy, and Total Eren, is progressing towards the permitting stage. The government is also working on security guidelines and industry regulations to support the growth of the green hydrogen sector. With funding from international institutions like the IDB, World Bank, EIB, KfW, and CAF, Chile is positioning itself as a key player in the green hydrogen market.
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