An island at the end of the world touts a $ 6 billion hydrogen dream

The island region, famous for being at the forefront of South America, wants to diversify its economy from fossil fuels to take advantage of the global clean energy transition.

Argentina’s Tierra del Fuego (meaning the land of fire) is trying to seduce investment hydrogen Ammonium’s base case targets $ 6 billion in wind farms and electrolytic cells.

“Tierra del Fuego has the potential for resources to do this,” Governor Gustavo Melera said in an interview Tuesday. Former Salegio priest, who turned politics in the mid-2000s, emphasized the state’s strong Patagonian style and unique geography as hydrogen producers can navigate both the Atlantic and Pacific Oceans.

The state government has recently completed a preliminary feasibility study and is working on environmental considerations and infrastructure to pave the way for hydrogen projects. Fuel is eager for heavy industries such as steel to reduce their dependence on carbon.Some companies are also betting on that hydrogen Fuel cell Will be a better choice battery To power truck Will be shipped.

“When change happens, we have to prepare,” Merella said in a state office in Buenos Aires. “Otherwise, when someone wants to invest in a couple of years, they can’t do it here-the moment would have passed us.”

Two international companies are interested in hydrogen development in Tierra del Fuego, according to Merella. One is France’s Total Energies SE, which is already Natural gas there. The other is the US-based MMEX Resources Corp., which is affiliated with Siemens Energy AG in Germany.

Hydrogen is increasingly moving to the forefront of the Argentine government’s diplomatic agenda. Officials led by the Minister of Economy and executives met with a German delegation in Buenos Aires on Wednesday to discuss opportunities to develop fuel.

Merella does not allow the involvement of British investors as Tierra del Fuego’s jurisdiction extends to the Falkland Islands, or the British overseas territory Malvinas, which Argentina insists on.

Tierra del Fuego needs a new port to be able to import wind turbines and export fuel. To that end, authorities are funding Mirgor SACIFIA, a state-based company that will spend $ 200 million to build a new facility.

Still, long-distance transport of liquid hydrogen is difficult, pre-feasibility studies say. Until the world finds a solution, Tierra del Fuego will probably produce ammonia, which is a mixture of hydrogen and nitrogen. Since hydrogen is supplied from the wind water electrolysis plant instead of methane, it has the appeal of being labeled as “green”. .. Ammonia, which is mainly used as fertilizer, is easy to store and transport.

Tierra del Fuego’s economy relies on oil and gas drilling. Tourism as it is the starting point for Antarctica. An electronic device assembly factory that is attracted to special tax incentives.

Wind farms have already been built in other parts of Argentina on the Atlantic coast, Rio The states of Negro and Buenos Aires are considering wind power projects.

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An island at the end of the world touts a $ 6 billion hydrogen dream

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