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Released July 11, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--With its abundant renewable energy resources, South America and Central America have emerged as green hydrogen's next top destinations. Green hydrogen is produced via the electrolysis of water, a process that can be powered by renewable energy. While this eliminates carbon from the equation, it is expensive to develop. Industrial Info is tracking nearly US$35 billion worth of green hydrogen projects across South America, Central America and the Caribbean, US$29 billion of which is attributed to projects in Brazil.
One of the top destinations for green hydrogen projects is the Brazilian state of Ceara, which sits on the eastern coast. Porto do Pecem, a port town about 30 miles northwest of Ceara's capital Fortaleza, has some of the best terrain in the region for wind and solar power, and is seeing a slew of proposals for green hydrogen plants. Brazil does not currently produce any green hydrogen, but it could become a key global player if just a few of these proposed projects are built.
Click on the image at right for a map of active green hydrogen projects across Brazil.
Cactus Energia Verde (Ceara, Brazil) is proposing a green hydrogen plant in Porto do Pecem. The company signed a memorandum of understanding (MoU) in February with Ceara to develop a project that would produce 10,500 tons of green hydrogen and 5,250 tons of green oxygen per year.
Two proposed green-energy projects would fuel Cactus Energia Verde's plant: Bi Energia Limitada's (Fortaleza, Brazil) 1.2-gigawatt (GW) offshore windfarm near the coast of Camocim, which would be built in two 600-megawatt (MW) phases, and Uruque Energias Renovaveis Limitada's (Jaguaretama, Brazil) 1.9-GW solar photovoltaic (PV) park in Jaguaretama, both of which are in the state of Ceara. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can read detailed reports on Cactus Energia Verde's production plant and the related Phase I and Phase II windfarm and solar plant.
Ceara has signed more than 15 MoUs with companies interested in developing green hydrogen production at Porto do Pecem. Proposals include:
Subscribers can click here for a full list of detailed project reports on active and proposed green hydrogen projects in Porto do Pecem.
Outside of Brazil, Chile and Argentina are the most prominent countries for green hydrogen development in the region, accounting for nearly half of the remaining US$5.7 billion of investment. Andes Mining & Energy S.A. (Santiago, Chile) expects to finish construction toward the end of this year on its US$38 million pilot plant in Punta Arenas, Chile, which will use Siemens Energy AG's (Munich, Germany) Proton Exchange Membrane (PEM) technology to perform electrolysis. Subscribers can learn more from Industrial Info's project report.
Click on the image at right for a graph detailing South and Central American investments in green hydrogen by country, excluding Brazil.
Major proposals in Chile include A-Technologie Transfer GmbH's (Wien, Austria) proposed HNH Magallanes Green Hydrogen Plant in Punta Arenas, which would produce 150,000 tons per year. In Argentina, Fortescue Metals Group is proposing a pilot plant in Sierra Grande. Both projects are in their early planning phases, where many factors could alter or cancel projected investments. Subscribers can read detailed reports on the Punta Arenas and Sierra Grande projects.
"While this region of the world is proposing an impressive number of planned investments, a great deal of the activity is 'opportunistic' planning," said Trey Hamblet, Industrial Info's vice president of research for the Chemical Processing Industry. "There is a strong global desire to decarbonize industrial markets, and the appetite for this effort is larger than what the industry can realistically tackle in the period of time being proposed by many of these investors. This means that many of these projects will encounter significant delays. While several will become a reality in the near future and reach a construction phase, many more will be delayed for potentially years while the market for green hydrogen matures."
Subscribers to Industrial Info's GMI Project Database can click here for a list of detailed reports related to projects mentioned in this article, and click here for a list of related plants.
Subscribers can click here for a full list of detailed project reports for green hydrogen projects across South America, Central America and the Caribbean.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
One of the top destinations for green hydrogen projects is the Brazilian state of Ceara, which sits on the eastern coast. Porto do Pecem, a port town about 30 miles northwest of Ceara's capital Fortaleza, has some of the best terrain in the region for wind and solar power, and is seeing a slew of proposals for green hydrogen plants. Brazil does not currently produce any green hydrogen, but it could become a key global player if just a few of these proposed projects are built.
Click on the image at right for a map of active green hydrogen projects across Brazil.Cactus Energia Verde (Ceara, Brazil) is proposing a green hydrogen plant in Porto do Pecem. The company signed a memorandum of understanding (MoU) in February with Ceara to develop a project that would produce 10,500 tons of green hydrogen and 5,250 tons of green oxygen per year.
Two proposed green-energy projects would fuel Cactus Energia Verde's plant: Bi Energia Limitada's (Fortaleza, Brazil) 1.2-gigawatt (GW) offshore windfarm near the coast of Camocim, which would be built in two 600-megawatt (MW) phases, and Uruque Energias Renovaveis Limitada's (Jaguaretama, Brazil) 1.9-GW solar photovoltaic (PV) park in Jaguaretama, both of which are in the state of Ceara. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can read detailed reports on Cactus Energia Verde's production plant and the related Phase I and Phase II windfarm and solar plant.
Ceara has signed more than 15 MoUs with companies interested in developing green hydrogen production at Porto do Pecem. Proposals include:
- Enegix Energy Pte Limited's (Distrito Federal, Brazil) 600,000-metric-ton-per-year plant; see project report
- Proton Ventures BV's (Schiedam, Netherlands) 500,000-ton-per-year plant; see project report
- Qair Energy's (Montpellier, France) 296,000-metric-ton-per-year plant; see project report
- Fortescue Metals Group Limited's (Perth, Australia) 340,770-metric-ton-per-year plant; see project report
Subscribers can click here for a full list of detailed project reports on active and proposed green hydrogen projects in Porto do Pecem.
Outside of Brazil, Chile and Argentina are the most prominent countries for green hydrogen development in the region, accounting for nearly half of the remaining US$5.7 billion of investment. Andes Mining & Energy S.A. (Santiago, Chile) expects to finish construction toward the end of this year on its US$38 million pilot plant in Punta Arenas, Chile, which will use Siemens Energy AG's (Munich, Germany) Proton Exchange Membrane (PEM) technology to perform electrolysis. Subscribers can learn more from Industrial Info's project report.
Click on the image at right for a graph detailing South and Central American investments in green hydrogen by country, excluding Brazil.Major proposals in Chile include A-Technologie Transfer GmbH's (Wien, Austria) proposed HNH Magallanes Green Hydrogen Plant in Punta Arenas, which would produce 150,000 tons per year. In Argentina, Fortescue Metals Group is proposing a pilot plant in Sierra Grande. Both projects are in their early planning phases, where many factors could alter or cancel projected investments. Subscribers can read detailed reports on the Punta Arenas and Sierra Grande projects.
"While this region of the world is proposing an impressive number of planned investments, a great deal of the activity is 'opportunistic' planning," said Trey Hamblet, Industrial Info's vice president of research for the Chemical Processing Industry. "There is a strong global desire to decarbonize industrial markets, and the appetite for this effort is larger than what the industry can realistically tackle in the period of time being proposed by many of these investors. This means that many of these projects will encounter significant delays. While several will become a reality in the near future and reach a construction phase, many more will be delayed for potentially years while the market for green hydrogen matures."
Subscribers to Industrial Info's GMI Project Database can click here for a list of detailed reports related to projects mentioned in this article, and click here for a list of related plants.
Subscribers can click here for a full list of detailed project reports for green hydrogen projects across South America, Central America and the Caribbean.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
