Ecopetrol, the Colombian state oil company, is making significant strides in the green hydrogen sector, with plans to commence commercial-scale production in Cartagena within the next two years. The company's head of clean energy, David Riaño, highlighted their project in Cartagena during a recent earnings call and expressed optimism about its operation by 2026. Additionally, Ecopetrol is considering another green hydrogen project at its Barrancabermeja refinery. The goal is to produce 9,000 tons per year of green hydrogen from two plants with 60MW electrolysis capacity each, with a target cost of US$4 per kilogram by 2030 to enable exports to Europe. The company's hydrogen initiatives are backed by renewable energy projects in northern Colombia. However, challenges loom as Ecopetrol is currently restricted from generating electricity for commercial purposes due to its stake in a power transmission company. Efforts to overturn this regulation are underway to support Ecopetrol's clean energy endeavors. Colombia's green hydrogen roadmap, formulated by the mines and energy ministry, aims for 1-3GW of electrolysis capacity by 2030, requiring substantial investments. Despite optimistic projections, industry experts suggest that actual developments may lean towards the lower end of the target due to the timeline for large-scale projects starting post-2035. Hidrógeno Colombia's executive director, Mónica Gasca, emphasized this outlook, indicating a gradual but promising shift towards green hydrogen in Colombia's energy landscape.