In a recent press release from Corfo on June 14, 2024, it was announced that over USD 40 million will be invested in upgrading the harbour infrastructure in Magallanes, Chile. The aim of this investment is to boost the productive capacity of the region and foster the development of new industries, particularly in the field of green hydrogen projects. The funds, provided by the Regional Government to the Austral Port Company (EPA), will focus on enhancing tourism activity, connectivity, and logistics at the docks to support the increasing cargo and supply services required by planned green hydrogen initiatives in the area. Ana María Ruz, executive director of Corfo’s Green Hydrogen Committee, highlighted the importance of this initiative as a significant step towards enabling shared infrastructure that will contribute to the concrete development of the region. The project, titled “Improvement of the Port System to Promote the Development of Magallanes,” has been approved by the Magallanes Regional Council with a plan outlined up to 2028. The plan includes the acquisition of port cranes for EPA's Mardones terminal and the reinforcement of the dock's slab to enhance the operational capacity of large-scale equipment, thereby improving cargo transfer efficiency, especially to meet the requirements of the H2V industry. Overall, this investment in the Magallanes harbour infrastructure is viewed positively as a powerful signal to attract H2V investors and other industries facing challenges in the region. The initiative is expected to support regional growth, enhance connectivity, and create opportunities for further development in the green energy sector.