We have brought together a group of public and private stakeholders to explore the benefits and financial feasibility of developing a Green Hydrogen Valley or Hub (H2V) in the central regions of Chile.
CEO of Anglo American in Chile, Patricio Hidalgo, explains: “Attention has been focused on developing the H2V in the north and south zones, but we believe it is important to explore the potential to develop this industry in other parts of the country, especially the Metropolitan and Valparaíso regions, home to 8 million people.”
Biodiversity and Climate Change Manager, Marcela Bocchetto, adds: “Certain energy sources, such as natural gas and diesel, are widely used in the central zone. In fact, around a third of transport emissions are concentrated in this zone. So Green Hydrogen will play an important role in decarbonisation and achieving the 2050 targets set out in Chile’s Climate Change Framework Law.”
This study is our Collaborative Regional Development (CRD) initiative brought to life: CRD, a crucial element of our Sustainable Mining Plan, identifies an area’s socio-economic development needs where the opportunities to make an impact are the greatest. We then explore those opportunities with partners from key sectors and organisations in that region.
According to Chile’s National Green Hydrogen Strategy, developed by McKinsey for the Ministry of Energy, the country is well placed to be the world’s cheapest producer of Green H2 by 2030 and to set up a new industry with the potential to generate 10% of the country’s GDP, a similar percentage to mining itself.
