Argentina, through the Secretariat of Strategic Affairs, has published the National Strategy for the Development of the Hydrogen Economy (ENH), which constitutes the roadmap for the industrialization of hydrogen (H2) as a productive vector in the energy transition to the year 2050. It contemplates the development of H2 through renewable sources (green), from nuclear energy (pink), and from fossil fuels with carbon capture (blue).
The ENH sets the goal to achieve a low-emission hydrogen production capacity of 5 million tons of H2 per year by 2050 (20% domestic market, 80% export). Therefore, Argentine will require to install at least 30 GW of electrolysis capacity and 55 GW of renewable electricity generation by 2050. Investments for about 90 billion dollars by 2050 will be required to achieve the expected production.
The ENH affirms that the access to financing for capital expenditures and technology is a key factor for competitiveness. It also highlights the importance of establishing an information system on financing for the green economy. In addition, it mentions the potential for hydrogen projects to participate in carbon markets, accessing new sources of financing and other incentives aimed at mitigating climate change.
The ENH presentation included the participation of companies such as Fortescue, Profertil, Mirgor, Air Liquide, IMPSA, YPF, Hychico, RP Global, MILICIC, Fractal, Scania, CWP Global.