Ancap, the Uruguayan state-owned company, and the Chilean company HIF Global have signed an implementation agreement to establish a green hydrogen and synthetic fuels production plant in the department of Paysandú, Uruguay. This initiative, requiring a substantial investment of around US$ 6 billion, is set to be the largest private project in the country's history. The agreement details the relationship between Ancap, HIF, and ALUR, a subsidiary of Ancap, regarding the production of biogenic CO2 and the sale of products. The signing of this agreement comes after months of negotiations and internal conflicts within Ancap's board. Disagreements over Ancap's participation in the project led to the elimination of the company's right to be a partner, causing the resignation of the ex-president, Alejandro Stipanicic. The delay in finalizing the agreement highlights the challenges faced, with tensions between board members and the Executive Branch. Despite the controversy, the signing of the implementation agreement is seen as a crucial step for HIF Global to proceed with the project. The future of this significant venture in renewable energy and the production of green hydrogen in Uruguay will continue to be monitored, with the project expected to reach a final investment decision in the coming years.