Magallanes continues to promote green hydrogen and presents a study for its sustainable development.
The document evaluated the feasibility of locating or relocating industries that are intensive in the use of renewable energies, green hydrogen, and its derivatives, as well as services related to the industrial sector of Magallanes. Its focus is on the downstream stage of the H2V value chain, positioning the region as a potential sustainable industrial hub.
This initiative, co-financed by Corfo and the Regional Government, aligns with the Green Hydrogen Action Plan 2023 – 2030, led by the Ministry of Energy, which establishes measures to promote the green hydrogen industry in Chile, including the reconversion and adaptation of industrial processes with a view to decarbonization.
Growth Opportunity for Magallanes
During the session, Mauricio Ojeda, manager of Grupo Singular, presented the study results, highlighting the enormous potential of green hydrogen (H2V) to transform Magallanes’ economy.
“The green hydrogen industry can become the driving force behind Magallanes’ economic development, a region that has experienced over 10 years without significant growth. It is the most viable alternative to attract investments and energize strategic sectors.”
Additionally, he emphasized sectors with high potential, such as fuel supply for ships (bunkering) and electricity for Data Centers, underlining the region’s competitive advantage. “The cost of 1 MW in Magallanes could be $33, compared to the $110 that technology companies currently pay in Santiago.” However, to seize this opportunity, certainty for investors and enabling infrastructure, such as fiber optic cables, is essential.
The manager of Grupo Singular stressed the importance of protecting existing productive activities and exploring other sectors that could integrate into the economic momentum generated by H2V. “The key is to work together, public and private sectors, to turn Magallanes into a global benchmark for sustainable development, achieving a clean and diversified productive matrix,” he emphasized.
Meanwhile, Rodrigo Carreño, technical advisor for the Renewable Hydrogen Development in Chile (RH2) project by GIZ, explained that this study is part of a broader initiative that includes projects in Magallanes, Antofagasta, and Biobío, tailored to the specific needs of each region. He also emphasized the importance of collaboration between the public and private sectors.
Participatory Workshop to Prioritize Key Sectors.
As part of the session, a participatory workshop was held where attendees linked the study’s conclusions with the Roadmap of the Transforma H2V Magallanes Program. The objective was to prioritize strategic sectors for the development of industrial hubs adjacent to green hydrogen.
Among the previously prioritized sectors were Data Centers and Bunkering Services. During the workshop, participants analyzed 12 sectors identified in the study and selected a third key sector based on technical and strategic criteria. Each group presented its conclusions, fostering collaborative work and idea exchange.