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2023 HYDROGEN FORECAST LATAM

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SURVEY RESULTS

SURVEY RESULTS

production. Fossil fuel producing countries could also find opportunities to build on their existing production and infrastructure to produce low carbon hydrogen, for example by capturing and storing carbon emissions from existing hydrogen production facilities. In certain countries, such as Brazil, the availability of biogenic carbon from existing biofuels and bioelectricity production facilities could also help produce and export synthetic fuels, which require both carbon and hydrogen.

Existing uses of hydrogen will continue to dominate demand to 2030 in Latin America, with new uses in industry and transport representing less than 20% of total potential hydrogen demand. These existing uses could absorb growing shares of low‑carbon hydrogen, replacing emissions‑intensive alternatives and supporting the production of low carbon hydrogen in the near term, without additional investment in end‑use infrastructure.

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There are a large number of projects in different stages of development and that should start operating by 2030, mainly in Argentina, Chile, Brazil and Mexico. Among these, HyEx (2024) and Haru Oni (2022) stand out, two Chilean low carbon projects aimed, on the one hand, to replace imported ammonium for different applications in mining, which is the most representative sector of the country’s economy, especially copper mining, and, on the other, to the production of ecological fuel with a neutral effect on the environment.

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