Chile's Environmental Review Service Sees Surge in Investments Due to Green Hydrogen Project
Key Ideas
  • Chile's environmental review service, SEA, received 54 submissions in July, with investments reaching US$16.8bn, mainly due to the US$11bn HNH Energy green hydrogen project in the Magallanes region.
  • The total investments in projects submitted to SEA surged from US$18.9bn to nearly US$40bn, primarily driven by large green hydrogen initiatives.
  • Approval of environmental qualifications saw an increase in July, with 33 positive resolutions granted, including significant investments in energy projects.
  • Overall, 168 projects received a positive environmental qualification in the first seven months, with investments growing from US$4.98bn to US$8.17bn, driven by energy and real estate sectors.
The article reports on a significant surge in investments in Chile's environmental review service, SEA, attributed to a massive green hydrogen project. The US$11bn HNH Energy project in Magallanes is a major contributor, focusing on the production and transport of green ammonia. In July alone, SEA received 54 submissions, totaling US$16.8bn in investments, showcasing a substantial increase from the previous month. Notably, the total investments in projects submitted to SEA almost doubled, reaching nearly US$40bn, primarily fueled by large green hydrogen endeavors. The article also highlights the approval of 33 positive environmental qualification resolutions by SEA in July, with notable investments in energy projects. Overall, the first seven months of 2024 saw 168 projects securing environmental qualifications, with investments growing from US$4.98bn to US$8.17bn, largely influenced by the energy and real estate sectors.
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