1 Deck H2 (Long + 26 One Pagers)

Green hydrogen
Slide deck (long)
December, 2021
Chile at a glance
GDP (PPP) (E) Exports Imports Population

p/capita 2020 2020 2020 2019
USD 23,366 USD 71 bn USD 54 bn 19 million
(#2 in LATAM) GDP Inflation 2020 FDI Flow

2020 (E) 3.1% USD 17 bn
USD 253 bn (2010-2019: (annual average
3.1% average) 2010-2019)
Corp. tax rate FDI stock

27% (35% foreign) USD 280
bn
MINISTRY OF ENERGY | 2
A country with an open economy
Chile has free trade/tax agreements with over 80% of the world’s GDP, more than any country on the
planet
1%
20%
Equal Treatment Free Flow of
6% 16%
capital & profits 19%
Foreign companies based
in Chile enjoy the same National legislation allows 7% 2%
rights and obligations as the entry and repatriation of
Chilean companies in the capital without costs 4%
country
4%
1%
Pro-business 17
environment Ports 17 9 International
8 National
Simple tax structure. Ease Airports
to set up companies
Access to Billion
Countries with trade
agreements 4.8 Consumers
Source: OECD, World Bank, WTO MINISTRY OF ENERGY | 3

Source: The Economist MINISTRY OF ENERGY | 4
Em issions have grow n steadily, leading to accelerated globalw arm ing
Atmospheric CO2 (ppm) Global average temperatura change (°C)
420 1,2 +1.1°C

400 1,0
380 0,8
360
0,6
340
0,4
320
0,2
300
280 0
260
240
1850 1900 2000 2020 1850 1900 2000 2020
Source: World Meteorological Organization M INISTR Y O F ENER G Y | 5

The energy sector is responsible for 77% of em issions in C hile
14%
INDUSTRY
Mining, paper industry &
7% others.
BUILDING
Residential, comercial & others.
1% 26%
OTHER EMISSIONS
TRANSPORT
CO2 EMMISIONS IN Land, aviation, maritime &
CHILE others.
6% WASTE
6% INDUSTRIALES PROCESSES
10% AG RICULTURE
77% CO2e
ENERGY
All references to CO2e, refer to greenhouse
effect gas emissions (GHG) such as:
• Carbon dioxide (CO2)
• Methane (CH4)
• Nitrous oxide (N2O)
• Hydrofluorocarbons (HFC)
30% •
•
Perfluorocarbons (PFC)
Sulfur hexafluoride (SF6)
ELECTRICITY PRODUCTION Measured in CO2 equivalent units
Coal, natural gas & others.
Source: Ministry of the Environment M INISTR Y O F ENER G Y | 6

Nations are com m itting tow ards carbon neutrality
Carbon neutrality target

Carbon neutrality achieved Carbon neutrality
under discussion or none
target defined
defined
Source: Energy and Climate Intelligente Unit M INISTR Y O F ENER G Y | 7

Alongside the w orld, com m itted to reach carbon neutrality
M INISTR Y O F ENER G Y | 8
G reen hydrogen holds the key to reach netzero
Mtonne CO2e
Coal decommissioning (13%)
Emissions reduction
120 Reference scenario
Sustainable building (17%)
Electromobility (17%)
50%
Sustainable industry (25%)
80
Green hydrogen (21%)
Energy efficiency (7%)
Emissions absortion
40
Forest carbon capture
50%
Carbon neutral scenario

0 Net zero
2015 2025 2035 2045
Source: Ministry of Energy M INISTR Y O F ENER G Y | 9

Green Hydrogen
CH2LE
“I believe that water will one day be
employed as fuel, that hydrogen and
oxygen which constitute it, used singly
or together, will furnish an inexhaustible
source of heat and light, of an intensity
of which coal is not capable”
Jules Verne, 1874
Whatis hydrogen?
• Hydrogen is the most abundant element in nature.
• Hydrogen may be obtained from natural gas (grey and blue hydrogen) or from wáter (green hydrogen).
• The hydrogen H2 molecule has a high energy density by mass unit (3 times more than gasolina and 120 times more
tan lithium batteries).
Grey hydrogen Blue hydrogen Green hydrogen

CO2 O2
Renewable energy
Natural gas Hydrogen Natural gas Hydrogen Water Hydrogen
Underground
CO2 storage
The pow er of green hydrogen
An industrial gas used widely for more D ecarbonization potentialofgreen hydrogen

than a century, elemental hydrogen (H2) Renewable
power O2
can be produced today from water with
increasing scale and efficiency. In green Water H2
hydrogen production, water can be
separated into its constituents, hydrogen
Heating and Other
and oxygen, using renewable power. Renewable cooling
Green hydrogen industries
power
CO 2 Historically, it has been produced

from fossil fuels in processes that Boilers Steel
Fossil fuels emit greenhouse gases. It has Turbines, and gas Substitute for
H2 mostly been used in chemical engines, fuel
Green
hydrogen
grids coke
cells
industries and for the refining
processes of crude oil.
Grey hydrogen Substitute for grey
Electrolysis
hydrogen Ammonia and
Chemical green fertilizers
Fuel cells,
Substitute for grey industry
dual combustion
hydrogen
Transportation
Petrochemical
It is a means for using It functions as an It can replace the use of industry
the inexhaustible energy carrier that fuels in the production
renewable energy emits no greenhouse of electricity, heat, and
Agriculture
found in various forms gases when used. multiple materials. Green synthetic fuels
on the planet.
Source: adapted from Siemens, Power-to-X M INISTR Y O F ENER G Y | 12

The tim e for hydrogen has arrived
Alm ost90% ofglobalG D P has putforw ard G lobalenergy dem and supplied by hydrogen
hydrogen supportpolicies orinitiatives (PWh)
P ower
18% of final 22 generation and
energy storage
demand 3
Transportation
6 Heating and
residential uses
3
Industry
8
5
4 New uses
2 3 3
3 E xisting uses
National strategy available Preliminary discussions
National strategy under preparation No relevant activities 2015 2020 2030 2040 2050
Pilot and demonstrative project support Not evaluated
S ource: LBS T, Hydrogen Council M INISTR Y O F ENER G Y | 13

The green hydrogen econom y is building m om entum
Projected electrolyser capacity

(GW)
~66 G W
Apr 2021
376
CAGR 63%
~33 G W
Announce
Jun 2020
d projects
~8 G W
Large-s cale indus trial us age: Trans port: trains, ships, Integrated H2 economy: Jun 2019
146 refinery, ammonia, power,
methanol, steel and industry
100 trucks, cars and other
hydrogen mobility
60 cross-industry, and projects
with different types of end-
feedstock applications uses
Giga Scale production: Infraes tructure projects : H2

32 renewable H2 projects > 1 GW and
low-carbon H2 projects
38 distribution, transportation,
conversión and storage
>200 kt/year
S ource: based on Hydrogen Council, McKinsey & Co. M INISTR Y O F ENER G Y | 14

Hydrogen applications are reaching m aturity: transportis the nextw ave
2018 2020 2025 2030 2035 2040 2045 2050

Transport F orklifts
Medium and large
cars
City buses
Vans Minibuses
Coaches
Trucks
S ynthetic fuels for
S mall cars
aviation and shipping
Trains
Barcos de pasajeros
Refining Production of methanol, olefins, benzene, toluene and xylene using hydrogen and carbon
Industry Ammonia, methanol S teel
Decarbonization of feedstock
Residential
Hydrogen blending
heating/energy
Industrial Medium/low industrial heat
heating/energy High-grade industrial heat
Electricity
generation
/storage Massive market acceptability1 Initial commercialization
1. Defined as >1% of segment sales
S ource: McKinsey & Co. M INISTR Y O F ENER G Y | 15

Our renewable potential is
+80 times our current
installed capacity
Concentrated solar Photovoltaic Wind Hydro
S ource: Ministry of E nergy M INISTR Y O F ENER G Y | 16

The Chilean energy sector enjoys a solid regulatory fram ew ork
Record renewable prices in supply tenders

Global
Investm ent
1st Ranking
Renew able Total energy
G Wh
Energy 2020 Average Price
Source: Climatescope 2020 - Bloomberg USD/M Wh
NEF
Chile’s 2021 energy auctions have set

the record on low cost renewable
electricity
Solar PV
Energy
Tender $13 USD/M Wh
2021
Solar CSP
$34 USD/M Wh
S ource: CNE M INISTR Y O F ENER G Y | 17
Chile is the m ostcom petitive producer
Projected green hydrogen

cost per region
in USD/kg by 2030
USD < 1.5/kg
USD 1.5-2/kg
USD 2-3/kg
USD > 3/kg

Green hydrogen levelized cost of production by 2030
(USD/kg H2)
Chile is the m ostcom petitive producer Does not consider conditioning, transport, storage nor distribution costs
1.8
1.5 1.4
Capacity factors per country in best areas (%) 1.3 1.2
1.05
0.95
Chile Middle Australia China EU USA

Solar PV 37% ~30% ~30% 20-25% ~25% East
Projection of Chilean m arkets for green hydrogen and its

derivatives
(sales in BUSD)
33
+15%
Domestic applications 28 9
Wind Off shore >75% 50-55% 40-45% E xports 23
8
16 7
5
24
On shore 70-75% 30-35% 40-50% 19
5 16
2
11
1
3
2025 2030 2035 2040 2045 2050
Associated renewable
capacity (GW) 5-8 40 145 200 250 300
Cumulative necessary
investment (MUSD) 8 45 150 220 270 330

Despite distance to m arkets, Chile rem ains on top
Costofliquid H2 atportofdestination,2030 Renew able energy

(USD /kg H2) carriers
Norway to EU
Russia to EU LH2 Liquid hydrogen
Middle East to US
Middle East to EU
NH3 Green ammonia
CH3OH Green methanol / eFuels

Australia to Chile to
Korea/Japan Korea/Japan Chile to
USA Green copper and other
Cu green exports
2.2 2.2
1.9
Distribution 1.0 1.2 S hipping 0.6
Liquefaction 0.6 0.9
Production 1.2 1.0 2.0
1.0

Chile: m ostcom petitive green NH3 exporter to Japan
Am m onia supply cost in Japan

B y 2030, green ammonia from Chile will be the most costeffective
supply chain of derivatives of green H2 to Japan
S ource: IE E Japan M INISTR Y O F ENER G Y | 21

We developed a long-term strategy w ith broad supportand participation
Advising council G reen hydrogen am bassadors
Ricardo Lagos Jeannette Wolfers dorff

Former President of Chile Economist
Vivianne Blanlot Klaus Schmidt Hebbel
Former Head of Energy Regulator Former Chief Economist of the OECD
Marcelo Mena Gonzalo Muñoz
Former Minister of the Environment COP High-Level Climate Champion
The path to a participatory strategy
Technicalroundtables Citizen w orkshops

Roundtables were carried out with participation from Interactive workshops were carried out with
companies, universities, research institutions, and representatives from NGOs and citizen
industry associations. Barriers to the development of associations. Local concerns and perceptions
hydrogen were identified, and actions to solve them were regarding the role of the State in green
prioritized. hydrogen development were raised.
4 sessions throughout June and July 2020 3 sessions in August 2020
Participants: 66 organizations. Participants: 90 representatives.
Interinstitutionalroundtable Advisory Board Public Consultation

Discussion roundtables took place between key public A board was formed with experienced public policy This document is currently
stakeholders to refine a diagnosis, propose objectives, and climate action experts to advise the Ministry of under public consultation.
and construct a common vision for the development of Energy on high-level strategic issues regarding To participate, please visit
green hydrogen in Chile. green hydrogen public policy making. the Ministry of Energy’s
4 sessions between April and October 2020 4 sessions between May and August 2020 website at
Participants: The Ministries of Energy; Science, Members: Former President Ricardo Lagos,
energía.gob.cl.
Technology, Knowledge, and Innovation; Mining; Vivianne Blanlot, Marcelo Mena, Gonzalo Muñoz,
Economy; Transportation and Telecommunications; Klaus Schmidt-Hebbel, Jeannette von Wolfersdorff.
Environment; Foreign Affairs; as well as CORFO,
InvestChile, and the German agency GIZ.
We have setclear goals to lead the w ay in the green hydrogen econom y
The cheapest green

hydrogen on the
Leaders in Leaders in
planet
export of green production of
hydrogen and green hydrogen
derivatives via electrolysis
5 5 200
BUSD GW ktonne/year
Top Production in at 2.5 <1.5 25

destination for least 2 hydrogen BUSD/year USD/kg GW
green hydrogen valleys in Chile
investment in Electrolysis capacity
LATAM operating and under
development
And w e have defined an action plan to cover 8 key fronts
1 Strategy and targets 2 Regulation and permits 3 Coordination and alliances 4 Value chain
development
Establish a vision and mission to Develop a clear, stable, and coherent regulation Reduce market failures: information Enable the development of
align public and private on markets and safety issues, so uncertainty is assymetries, high transaction costs, barriers manufacturing and services to
stakeholders. reduced and projects are accelerated. for new entrants. International cooperation capture increased shares of the
Streamline permitting to accelerate to overcome technological capability gaps, market value domestically.
Drive action and commitment by
deployment of technologies. commercial, regulatory and cultural
investors, developers, regulators, challenges together.
and civil society towards defined
goals.
5 Incentives and 6 Infrastructure 7 Research & development 8 Human capital

financing
Help in bridging the remaining Plans for developing adequate and Deploy technologies and solve local Develop local talent and
cost gap relative to fossil coordinated port, electrical, and implementation issues, in order to reduce technical capabilities to
solutions, especially reducing distribution infrastructure to foster the costs, unlock markets, and increase accelerate project
the cost of capital. growth of hubs. competition in the sector. deployment and generate
green jobs.
This opportunity w illunveilin 3 distinctw aves
The first wave will include domestic usage with Projected development of green hydrogen applications
existing large energy or hydrogen demand Uncertainty level, market size, and estimated year of breakeven for some applications of hydrogen in
The shorter-term opportunities are replacing imported Chile. Does not consider carbon price. List of applications not exhaustive.
ammonia for local production, and replacing grey
hydrogen used in oil refineries. The use of green
hydrogen for heavy and long-distance transportation Wave 3 Domestic International
Uncertainty level in technological development

also becomes attractive for fleets and machinery
Hydrogen
operating in concentrated zones.
High
Wave 2 exports *
Ammonia for
The start of export activities and extended local domestic
uses will be seen before the decade is over shipping
Wave 1
A clear opportunity for green ammonia exports exists Mining haul
in the medium-term, as well as for the first hydrogen trucks (CAEX)
Synfuel and green
exports. A more competitive production of green SUV methanol
hydrogen will also replace an increasing share of opportunities
Long-range Medium-sized
liquid fuels in land transportation, whereas blending increase in 2035+
buses trucks
into grids becomes economical.
New export markets open in the long-term, Heavy-duty

Blending into 0,5 Mtonne of
enabling a massive scale-up of production trucks
gas grids
Fuels derived from green hydrogen will be key to equivalent H2
Low
Ammonia
decarbonize the shipping and aviation sectors, both in
5 Mtonne of
domestic and international routes. Export markets will Ammonia
continue to grow as other nations take action to exports equivalent H2
Oil refineries
deeply decarbonize their economies.
2023 2028 2033
Estimated break-even year *: Includes green methanol and
synthetic fuel exports

Wave I: Localapplications w illram p up dem and and activate a dom estic industry
6 prioritized applications to build localsupply chains and acquire experience

Total
potential
Application market1 2025 2030 2035 2040
(BUSD by 2050)
1 Oil refineries 0.2
2 Ammonia 0.5
Mining haul trucks

3 (CAEX) 1.6
4 Heavy-duty trucking 2.0
5 Long-range buses 0.8
Blending into gas

6 0.3
grids (up to 20%)
Targeted breakeven through Estimated breakeven without Potential adoption curve

action and start of piloting. additional action. to achieve 100%.
1. Annual sales. Considers the full transition to hydrogen of the energy demand in each application.

Wave II& III: A sound dom estic industry w illenable us to conquer exports m arkets
Estim ated m arketsize for Chilean exports

(BUSD )
Total size 0.4 2.5 11 16 19 24
5 5 5
4
2
1 0.4 LATAM
Green am m onia
exports 2025 2030 2035 2040 2045 2050 USA
Japan/Korea
19
China
14
11
Europe
Green hydrogen
7
2 and synthetic fuels
exports 0 0.5
2025 2030 2035 2040 2045 2050

M ining w illplay a key role in the adoption of hydrogen
Hydrogen consum ption in Chile for differentapplications:

(M tonne H2)
3.5 30%
3.0 of local demand will come from mining
0.2
0.2 0.2 trucks
0.2
2.5 0.2 0.2
1.0
Mtonne H2
2.0 0.8 0.9

0.2
0.1
1.5 0.4
0.6 0.4 0.4
1.0
0.2
0.5 1.1 1.1 1.2
0.8
0.1 0.2
0.1
0.1
0.1 0.1
0.1
0.1
- 0.0 0.0
2025 2030 2035 2040 2045 2050
Trucks Mining trucks

Buses Ammonia Others

Chile is producing its firstgreen hydrogen m olecules
60+ projects have sprung in Chile already HyEx Project
Green ammonia production in the
north of Chile for domestic and
international consumption,
Atacam a Hydrogen replacing ENAE X ammonia
+20 Hub Project
Large-scale electrolysis facility
imports
US D billion projected with export potential and

investment by 2030 hydrogen fuel cell powered
freight train
Quintero Bay H2 Hub
Project
+1,500 Green Steel Project
Production of green hydrogen in the
central zone of Chile, close to potential
kTonne H2 projected Green hydrogen blending into CAP’s
offtakers
yearly production by 2030 blast furnaces to reduce
consumption of coke and eventually
replace it entirely in their production
of steel
+500
kTonne H2 projected yearly
local consumption by 2030 HNH ENER G Y
Project
Large scale green ammonia
production in Magallanes for
+15 HIF Project
Industrial-scale plant in Magallanes
export
Projects to commence that will produce synthetic climate-

neutral fuels for export
operations by 2025
S ource: Ministry of E nergy M INISTR Y O F ENER G Y | 31

FirstUS$ 50 m illion funding round for green hydrogen projects in Chile
Aim s to drive the green hydrogen industry

supporting investm entinitiatives for green 6 awardees:
hydrogen production in Chile
• Tender characteristics:
o Grant amount: US$ 50 million among awardees.
o The grant must be employed for the financing
of an electrolyzer of installed capacity ≥ 10 M W. Total investment to
o Projects must begin commercial operation by trigger:
decem ber 2025.
o Projects must use 100% renewable energy.
US$ 1 billion
Total electrolyzer
capacity:
This year w e w illlaunch our Econom ic Instrum entStrategy
A schem e than enables the energy transition
INSTR U M EN TS TAR G ETS M AIN PRO PO SA LS

ASSESSED
35 U SD / ton CO2
- Minimum carbon price Green Tax Creation of Revision
Carbon tax F uel taxes E armarking
2030 1 Reform 2 an 3 ofFossil
Emissions FuelTax
100% sales are ZEV Trading
- Light & medium duty vehicles
System
Schem e
- Urban public vehicles 2035
E missions trading Quota Zero emission 15% zero em ission fuels
systems mandates vehicles - 70% zero emission fuels 2050 4.50%
2035
4.00%
3.50% H2 export
STU DIES SU STAINING OU R STRATEG Y
GDP Anual Variation

3.00%
2.50%
Options to achieve carbon neutrality in Chile: 2.00%
An evaluation under uncertainty 1.50%
1.00%
A costeffective energy
Economic instrument schemes that catalyzes the energy transition needed transition spearheaded by
0.50%
to comply with Chile’s NDC and net-zero GHG emissions goal green hydrogen exports
0.00%
-0.50%
Green hydrogen deployment in Chile’s domestic markets:
2028
2042
2020
2022
2024
2026
2030
2032
2034
2036
2038
2040
2044
2046
2048
2050
Definition of regulatory pathways to accelerate the energy transition.
We are partnering and collaborating w ith key players
MoUs with the Ports of • Chile joined the International Partnership

Antwerp and for Hydrogen and FuelCells in the Econom y
MoU and collaboration Zeebrugge
with Port of Rotterdam
(IPHE)
o Part of the Hydrogen Trade Rules
Joint Declaration Joint Declarations
with France,
Task Force
with the UK
Belgium and The
Netherlands
Collaboration with the Ins titute
of Energy Economics of Japan • Chile co-leads Mission Innovation’s Clean
Hydrogen M ission
MoU with the Minis try of Trade,
Indus try and Energy of the
Energy Partners hip with Germany’s Republic of Korea
Minis try for Economy and Energy
(BMWi) • We are perm anently show casing Chile’s
unm atched conditions as a green hydrogen
playerin internationalevents
MoU with the Minis try of Trade

and Indus try of Singapore
Lessons and achievem ents from our internationalefforts
ITM Power electrolyzer Gigafactory visit, UK Signing of MoU with Port of Rotterdam
Invitation to chair Critical Minerals session at IEA

Signing of joint declaration with MET, France Ministerial 2022
Signing of joint declaration with BE IS , UK Signing of joint declaration with BMWi, Germany
Coordination meeting with Ministry of Energy of Belgium BMW Innovation Center visit, Germany
Work meeting with BCG, Republic of Korea Signing of MoU with MTIE, Republic of Korea
Work meeting with Mitsui, Japan Toyota head office visit, Japan
Chile m ustcoordinate value chain stakeholders in order to lead
Offtakers
Actors who create and lead associations in order
1 to guarantee demand volumes
H2 producers
Responsible to operate the
process
5 2
Financiers
That invest in the Latin American disruptive
energy market
Electricity providers /
developers 4 3
Existing or new Engineering and technology
Contributions for design, construction and
operation
6 Attractive regulatory and business environment
An industry thatacknow ledges the w aterrisk
• All announced projects in the north consider
desalination:
Distribution of total global water:
• 97% Oceans
• 2,5 % Sweet water
Chile is the 18th
country in WRI’s National Water
Stres s Ranking • Environmental challenges and stakeholder
coordination:
Some prioritized aspects:
• Salinity levels of the discharged brine
• Naval permits
However,
water s carcity • Required water for our Strategy:
varies within regions
Antofagasta
Magallanes 200 63 1%
ktonne/year lt/s
Green hydrogen Assuming 10 liters per Of desalination installed

production by 2025 kg of green hydrogen capacity
S ource: World Resource Institute, 2021; Red Agricola, 2019; Alarys, 2021 M INISTR Y O F ENER G Y | 39
A com petitive and sustainable industry w ith high standards
Paving the road for green hydrogen certification Territorialcoordination

We are conducting research and bilateral conversations to make our green hydrogen
compliant with different markets and regulations. Green hydrogen as a Balanced use of
catalyst for local growth resources and land
Recommendations for a Green Hydrogen Certification Scheme in Chile that
is compatible with national and international carbon markets This clean fuel will generate local hubs Developed in harmony with its
for investment, innovation, and environment, paying special
Requirements for the production and export of Green-sustainable hydrogen economic activity. attention to a responsible use of
water jointly with neighboring
Community generation: 100 MW of communities and activities.
indigenous or local rural organizations in
the power matrix by 2030.
Public and private traceability fram ew orks

Chile already has private and
public systems to trace and
certify renewable electricity.
New renew able energy

Additional renewable energy plants will be deployed for this industry and to achieve
domestic decarbonization targets:
By 2030, 80% of power generation will come from renewable energy

Patagonia, Chile
“We are heading for an
increase in m aritim e
G HG emissions, despite
current industry-wide
efforts”
S ource: Maersk Mc-Kinney Moller Center for Zero Carbon S hipping, 2021 M INISTR Y O F ENER G Y | 41
The tim e for decarbonizing shipping is now
M aritim e trade and ships’ lifespan M ain globalm aritim e routes and checkpoints
~3% Maritime share of

global emissions
Global trade
~90% enabled through
maritime means
Years is a ship’s
25-30 technical lifetime
range
>95% Main shipping

energy supply are
heavy fuel oils “The “firs t wave” of comercial zero-emis s ion s hipping projects mus t occur within
(HFO) and marine the next five to 10 years to put the industry on track to achieving the sector’s 2050 goal
diésel (MD) of reducing its emissions by half compared to 2008 levels”
Faustine Delasalle, Energy Transitions Comission Director
S ource: IRE NA M INISTR Y O F ENER G Y | 42

Internationalam bition and targets pose industry-w ide challenges
Som e key com mitm ents, targets and milestones IMO Targets for carbon intensity
(% decrease com pared to 2008 levels)
2011
Energy Efficiency Design Index (E E DI) and
S hip Energy Management Plan (S E E MP) 100%
90%
100%
2016
Mandatory data collection system (DCS ) for 80%
fuel oil consumption of ships 70%
2018 60%
60%
IMO Initial strategy on GHG emissions 50%
reduction from ships 40%
2020 30%
30%
IMO 2020 rule on sulphur oxides 20%
limitation for fuel oil.
10%
2021
0%
E EDI for Existing S hips (E EXI) and Carbon 2008 2030 2050
Intensity Indicator (CII)
Increasing long-term am bition calls for strong and atscale
Call To Action for S hipping Decarbonization developm ent ofalternatives for zero-em ission shipping fuels.
S ource: American Bureau of S hipping, 2020 M INISTR Y O F ENER G Y | 43

Leadership from pritave sector is gaining m om entum
Dem and for zero emissions m aritim e transport is on the rise Technological challenges being tackled
Cargo Owners for Zero-Emissions Vess els goal:

Mobilize all cargo only by zero emission fuels by 2040. A.P.Moller – Maersk A/S
CH3OH
spent 1.4 BUSD in vessels
capable of running in
Green methanol methanol.
x
Samsung Heavy Industries
NH3 obtains approval in principle
for the design of ammonia-
ready crude carrier.
Green ammonia
Several pilots and

H2 designs under
development, including
Lürssen’s and Sinot’s
Green hydrogen
superyatchs.
A zero-em issions fleetis only viable w ith zero-em issions fuels
Green hydrogen is the backbone for zero emissions shipping Bridging the cost gap is key
Estim ated role ofkey CO2 em ission reduction m easures
50 Yearly green hydrogen

demand required by
Mton shipping by 2050,
H2 according to IRENA
x
160 Total yearly production

potential for green
Mton hydrogen in Chile,
H2 according to IEA
The m ain driver fora zero em issions fleetw illbe the indirectuse ofclean electricity,
such as w ind and solar, as shipping fuel.
Cost of alternative fuels
x2-8 compared to fossil
times shipping fuels.
S ource: IRE NA, IE A, Mærsk Mc-Kinney Møller Center M INISTR Y O F ENER G Y | 45

Chile has an extensive coastline,
high maritime traffic levels, and
important industrial hubs close to
port infrastructure
Chile’s coastline
> 6,000 km
Yearlylandings
~ 20,000 ship landings in Chilean
ports each year
Nationalports
Chile has ~ 40 ports, ranging from
Arica in the North to Puerto Williams
in the South
Severalbays offer high potentialforsupplying zero em issions fuels
Promising bays for hydrogen hubs H2 exports from Chile can support the global supply of m aritim e fuels
Currently studying a hydrogen

export terminal in Chilean
promising bays with potential for
reutilizing infrastructure
Singapore Rotterdam
Global EU
Top global bunkering port Top EU bunkering port
MoU in place with for setting up an MoU in place for setting up an

export-import corridor export-import corridor
S ource: Ministry of E nergy, DNV, McKinsey & Co. M INISTR Y O F ENER G Y | 47

60+ projects have sprung in Chile nearby its m ain ports
Atacama Des ert

+20
US D billion projected
investment by 2030
+1,500 Our narrow territory

kTonne H2 projected (average 180 kmx width)
yearly production by 2030 ensures proximity of
production points to
maritime ports
+500
kTonne H2 projected yearly
local consumption by 2030
+15 Hydrogen valleys

Magallanes Region
Projects to commence
operations by 2025 Main ports of Chile
S ource: Ministry of E nergy, McKinsey & Co. M INISTR Y O F ENER G Y | 48

Green hydrogen
projects in Chile
(Project sheets)
13 projects are know n to be planning to begin exports this decade
Mejillones 2030 Green ammonia plant and solar PV supply to replace grey ammonia
imports for explosives manufacturing facility. Scale up would allow
export through existing terminal.
2030 Green hydrogen facility to be developed to supply train freight for

mining industry. Scale up phases would aim towards ammonia or
LH2 for export. Already partnered with Complejo Portuario Mejillones.
202- Green ammonia plant for export under development. In the process
of securing public land.
Taltal 2025 Green ammonia production powered by hybrid solar PV-ind-B E S S

plant. Partnered with global chemicals company for offtake and
trading.
2027
Green ammonia production plant under development. Land and port
facilities still not secured.
Magallanes 2028
Green ammonia production plant under development. Land and port
facilities still not secured.
2030
Sociedad de Inversiones Green ammonia production plant and wind park under development.
Albatros Land secured.
Green ammonia production plant and wind park under development.

Land secured. New export terminal under study in Cabo Posesión,
Magallanes.
13 projects are know n to be planning to begin exports this decade
Mejillones 202- Green ammonia plant for export. Solar PV and solar CSP hybrid
plant to power electrolysis. Land and export terminal still not defined.
Antofagasta Green methanol production using solar PV, 80 MW electrolyzer and

CO2 captured from cement industry for export to ProMan.
202- Green ammonia plant for export and fertilizer production. Agriculture
Taltal facilities would be incorporated in the project. No information
regarding the terminal was provided.
2024 Green methanol and green gasoline production from wind power and
captured CO2 for export to German offtakers Porsche and Mabanaft.
Magallanes
Pilot phase begins operations in 2022. Export terminal for the pilot is
secured.
2026
Green ammonia for export project. Already has secured land and has
an offtake MoU with Trammo. Export terminal not clear.
Other companies known to be developing large-scale green H2 projects

or with manifest interest of setting up/acquiring one
Pecket
Energy
Other projects aim to supply dom estic dem and and pilot solutions
S an Pedro Cummins is looking to replace diesel and LPG engine power

generation in the San Pedro de Atacama microgrid for a fuel cell-
de Atacama
battery-diesel-LPG hybrid mix to reduce emissions and increase
reliability.
Coquimbo Green hydrogen blending into residential gas distribution grid up to

20% vol/vol. Hydrogen to be produced with green PPA. Aprox. 200
kW to begin operations in ~2 years.
Quintero Bay GNL Quintero and partners are looking to install a 10 MW

electrolyzer in 2-3 years time to commercialize green hydrogen in the
Quintero industrial hub.
Quilicura Walmart has confirmed a 15 MMUSD investment with Engie to

(S antiago) retrofit 259 forklifts to hydrogen fuel cells, fed by a ~1MW
electrolyzer powered by in situ solar PV. Walmart seeks to use green
hydrogen in all forklifts by 2025.
Los Bronces Anglo American is going to operate a small electrolyzer, 1 forklift,
Mine and 1 fuell cell for power production in the Los Bronces operation,
starting 2021.
Other projects aim to supply dom estic dem and and pilot solutions
Copec is studying the feasibility of setting up a hydrogen refuelling
Antofagasta station for personnel buses for mining operations. GIZ is financing
the study.
Airliquide is studying the feasibility of producing green hydrogen and

setting up a hydrogen refuelling station for personnel buses to
transport the workers to the mining sites. They will aim to start with a
pilot by 2022.
Coquimbo Potencia, an IPP, is looking to blend green hydrogen for dual

combustion with diesel in their peaking engine units. GIZ financed a
feasibility study.
The steel making subsidiary of CAP is studying green hydrogen

Biobío blending in their furnaces from 2027. They will aim to start with a
pilot phase in transport by 2025.
Green hydrogen
projects in Chile
(Project sheets)
POWER TO
POWER TO LIQUIDS
METHANOL Contact details: Clara Bowman
HIF PROJECT
General Manager, AME
bowman@ame.cl
HOW IT WORKS
HIF is expected to yield the world’s first
industrial-scale plant that will produce
GREEN HYDROGEN PROJECT SHEET
synthetic climate-neutral fuels for export.

  
PRODUCTION
A wind plant will power an electrolyzer which will Wind Well Desal. Green CO2 captured eMethanol eGasoline Applications
produce green hydrogen. This will be combined with energy water water hydrogen from the air
captured carbon dioxide to produce synthetic
methanol. A portion of this methanol will be
converted into synthetic gasoline (eGasoline). STATUS PROJECTIONS
Pilot Phase I
Pilot phase started construction
PROJECT OWNER AND PARTNERS and is expected to enter
PROJECT
operations by May 2022. 131 $ 51 million 70,000 $ 755 million
m3 eGasoline m3 eGasoline
OWNER per year USD investment per year USD investment
Phase I is currently in
development and the
Team of environmental assessment is 3.4 MW 2022 300 MW 2024
being prepared. wind energy expected year for
wind energy expected year for
Companies operation start operation start
SIEMENS : Co-developer and technology provider.

ENERGY
OFFTAKE LOCATION
Germany
ENEL : Renewable power developer. PORSCHE is planning to use the MABANAFT, the Marquard & Bahls
eFuels from Chile in pilot projects. trading division which focuses on oil,
ENAP : Chilean National Oil company. Infrastructure
provider.
These include using eFuels in announced an MoU highlighting the
Porsche’s Experience Centers and purchase of up to 500 million liters
GASCO : Co-developer and offtaker. sports cars. of carbon neutral eGasoline per
Magallanes
PORSCHE : Co-developer and offtaker. year from this project.
Region
Siemens received an 8 million euros grant from the

Chile
German Federal Ministry for Economic Affairs and Energy
to develop this project.
POWER
NOL TO AMMONIA Contact details: Helmut Kantner
HNH ENERGY PROJECT

Managing Director, AustriaEnergy
helmut.kantner@austriaenergy.com
HOW IT WORKS
The HNH Energy project aims to produce green
ammonia on a large scale in Magallanes for
export, leveraging abundant wind resources

present in the region.  
PRODUCTION Wind Desal. Green Nitrogen Green Applications

Wind energy is used to power an electrolysis plant, energy water hydrogen captured ammonia
which uses desalinated water to obtain oxygen and from the air
hydrogen. Hydrogen will then be combined with
nitrogen captured from the air through the Haber- STATUS PROJECTIONS
Bosch process, to produce green ammonia. The project
The project is in a conceptual engineering
also contemplates the construction of port
development stage and holds a lease over
infrastructure for export. the terrain. Wind capabilities are being
measured and environmental baselines
PROJECT OWNER AND PARTNERS are being defined. 1,800 MW 850,000 NH3 150,000 H2
MW
PROJECT
3,000 million USD
Total investment, starting operation in
OWNER
2026 Wind energy installed
capacity
Tonnes green ammonia
per year
Tonnes of green hydrogen per year
for ammonia production
PARTNER
COMPANIES
OFFTAKE LOCATION
AUSTRIAENERGY focuses on utility scale energy project Trammo DMCC, a subsidiary of Trammo,
development, construction, operation and management, Inc., a global company that markets,
with close to 1 GW developed in Chile, thereof 300 MW in trades, transports and distributes key raw
operation and close to 300 MW under construction. It is a materials used in industrial processes and
partner in the project and the developer. fertilizer production announced an MoU Exportation
highlighting the purchase the entire
ÖKOWIND, his partner, is dedicated to the development output from this project.
and operation of wind, hydro and solar power plants with Magallanes
over 100 MW installed capacity and over 500 MW in Region
development in Europe.
Chile
POWER
NOL TO AMMONIA Contact details: Luis Sarrás
AES ANDES PROJECT

Green & Fuels Hydrogen Director, AES South America
lsarras@aes.com
HOW IT WORKS
Taking advantage of strong winds and solar
radiation in Chile, the project aims to produce
green ammonia on a large scale for export

and maritime transportation fueling.
 
Wind Solar Energy from Desal. Green Nitrogen Green ammonia Applications
PRODUCTION energy energy the grid water hydrogen captured from
Using renewable energy and water from a desalination the air
plant, the project will produce green hydrogen
through an electrolysis process, which combined with STATUS PROJECTIONS
nitrogen captured from the air will be used to produce Studies are being executed to define the
green ammonia. right set up for the desalination and
production plants. Target markets are
PROJECT OWNER AND PARTNERS being assessed.
800 MW 250,000 NH3 50,000 H2
PROJECT
OWNER 1,500 million USD
Total investment , starting operation in
PARTNER 2025 Renewable energy Tonnes of green

ammonia per year
Tonnes of green hydrogen per
year for ammonia production
COMPANIES
AES ANDES is a subsidiary of AES Corporation, a global

OFFTAKE LOCATION
energy company with over 5 GW of installed capacity. For
over 2 years, the company has been developing ammonia
related initiatives in countries such as Brazil, Argentina and AES ANDES has signed an MoU production for maritime fuel
Colombia, as well as Chile. with its undisclosed investment and international export for a Exportation
grade partner. It is a world-class tenor of up to 30 years.
AES ANDES has a (BBB-) credit rating and over 3.5 GW of
installed capacity in Chile. It is a partner in the project and
hydrogen producer and exporter.
will be the developer and technology provider.
In the MoU they have committed
100% of the green ammonia Chile
POWER
NOL TO AMMONIA Contact details: Ursula Bustamante Asunción Borrás
HyEx PROJECT
Project Manager, Enaex Sr. VP Business Development H2BU, Engie
Ursula.Bustamante@enaex.com asuncion.borras@engie.com
HOW IT WORKS
HyEx seeks to produce green ammonia in the North
of Chile for domestic and international
consumption, replacing imports.

  
PRODUCTION
Using renewable energy and desalinated water, the project Desalinated Green Nitrogen Green
Solar Energy from Applications
will produce green hydrogen through an electrolysis process.
energy the grid Water hydrogen captured from ammonia
Hydrogen will be then combined with nitrogen, captured the air
from the air, and through Haber-Bosch process will produce
green ammonia. During the pilot phase, all production will
be sent by truck to ENAEX´s plant, replacing some of its STATUS PROJECTIONS
current imports. The second phase considers large scale Pilot Industrial Plant
ammonia production for ENAEX consumption, export and A feasibility study of the
additional applications. project is being conducted.
18,000 $ 200 million 700,000 $ 2,000 million
An environmental impact Tonnes green Tonnes green
study is currently being ammonia per year
USD investment
ammonia per year USD investment
PROJECT OWNER AND PARTNERS carried out to be presented
to the Chilean Environmental
PROJECT Assessment Service by 2021. 26 MW 2025 2.0 GW 2030
OWNER Electrolysis
capacity
expected year for
operation start
Electrolysis expected year for
operation start
capacity
PROJECT
OWNER
ENGIE is a global reference company in low-carbon energy
OFFTAKE LOCATION
and services, having a Business Unit dedicated to renewable ENGIE has a strategic commercial partnership with ENAEX,
hydrogen since 2018. The current portfolio of renewable H2 which will utilize 350,000 tonnes of ammonia per year for its
Antofagasta
projects under development and in construction is over 70 ammonium nitrate Prillex plant, replacing the current grey Region Exportation
projects in 10 countries over four continents. ammonia import.
ENAEX is the main ammonium nitrate producer and supplier
of comprehensive rock fragmentation services for the mining Remaining production will be commercialized in local markets
industry in Latin America. With over 100 years of experience for mining applications and fertilizer production, as well as
Ammonia
and presence in 10 countries, ENAEX is actively committed to exported to international offtakers. plant
sustainability. Chile
ENAEX Prillex
Plant
POWER
POWER TO
TO X
METHANOL Contact details: Nicolás Errázuriz
ATACAMA HYDROGEN HUB PROJECT

Managing Partner, Four Trees Merchant Partners Inc.
nerrazuriz@fourtreescapital.com
HOW IT WORKS
The ATACAMA HYDROGEN HUB project
aims to build a large-scale electrolysis
facility with export potential in the northern

Antofagasta Region. 
PRODUCTION Solar Desal. Green Hydrogen powered Applications
Solar energy is used to power an electrolysis plant, which energy water hydrogen freight train
uses desalinated water to obtain oxygen and hydrogen.
The pilot involves an electrolysis facility and a dedicated
off-grid solar PV plant to supply a hydrogen powered STATUS PROJECTIONS
freight train. Industrial phase contemplates large scale
hydrogen production. It is being considered to include the Pilot Industrial Phase
production of ammonia and/or the liquefaction of The first phase is in pre-
hydrogen. feasibility and conceptual
engineering stage. It will request gas
approval from the 550 tonne 10 MW 110 ktonne pipeline
Environmental Assessment
electrolysis in collaboration
PROJECT OWNER AND PARTNERS Service during 2021.
green hydrogen per
capacity green hydrogen per with players
year
PROJECT
OWNER
18 million USD year
Total investment during the first

phase 2022 2030
PARTNER
COMPANIES
OFFTAKE LOCATION
The pilot considers the adaptation of an The industrial phase considers a large
HUMBOLDT HIDROGENO VERDE (H2V) is a company existing train engine to be powered by scale hydrogen production and aims to
Exportation
created by Chilean entrepreneurs for the development of hydrogen fuel cells. Negotiations with train foster efficient supply chains such as
hydrogen production, transportation and application operators that provide transport to mining shared gas pipelines in collaboration
projects in the north of Chile. It is the developer of the facilities within the region are underway. with other players to enable large scale
project. exportation.
Antofagasta Chile
COMPLEJO PORTUARIO MEJILLONES (CPM), subsidiary Region
of Codelco, Chile’s national copper corporation, is a port
located in the Antofagasta Region. It will provide
infrastructure for the project.
POWER
NOL TO AMMONIA Contact details: Manuel Tagle
ACH – MRP PROJECT

General Manager Latam at Mainstream Renewable Power
manuel.tagle@mainstreamrp.com
HOW IT WORKS
Leveraging their expertise in power
generation and hydrogen technologies, Aker
and Mainstream have joined forces to

develop a large-scale green ammonia project
 
in Chile.
Wind Solar Energy from Desal. Green Nitrogen Green ammonia Applications
PRODUCTION energy energy the grid water hydrogen captured
Using renewable energy and water from a desalination from the air
plant, the project will produce green hydrogen
through an electrolysis process, which combined with STATUS FINAL PHASE PROJECTIONS
nitrogen captured from the air will be used to produce Studies are being executed to define the
green ammonia. right set up for the desalination and
production plants. Target markets are
Tons green ammonia per year
being assessed.
PROJECT OWNER AND PARTNERS 3,000 MW 1 million NH3 180,000 H2
PROJECT
OWNER 5,000 million USD
PARTNER
COMPANIES
2027 Renewable energy Tonnes of green
ammonia per year
Tonnes of green hydrogen per
year to be used for green
ammonia production
AKER Clean Hydrogen (ACH) and MAINSTREAM
Renewable Power (MRP) are subsidiaries of AKER
Horizons, a company dedicated to incubating and LOCATION
developing companies that solve fundamental challenges to
sustainable existence OFFTAKE
ACH is a developer and operator of clean hydrogen
AKER Clean Hydrogen has signed
production at industrial scale. With a proven execution model
and unique end-to-end asset integration and optimalization an MoU with its undisclosed Exportation
capabilities. investment grade partner.
North of Chile
MRP is one of the renewable mayor in Chile and has a
worldwide pipeline of 12,1GW of wind and solar energy, with
over 1,4 GW under construction and 1,1 GW in operation. Chile
POWER
POWER TO
TO METALS
METHANOL Contact details: Rodrigo Briceño
GREEN STEEL PROJECT

General Manager, Compañía Siderúrgica Huachipato
rbriceno@cap.cl, rbriceno@csh.cl
HOW IT WORKS
HUACHIPATO steel mill (CAP Acero) is part of the

integrated iron and steel CAP Group and is the main
steel producer in Chile. The company is planning to
reduce CO2 emissions from its steel production
processes developing technology that allows the Solar Wind Energy from Green Blast Direct Reduced Heavy-duty Green steel
incorporation of green hydrogen along its value power energy the grid hydrogen furnaces Iron (DRI) transport
chain.
PRODUCTION STATUS Pilot in blast Pilot phase in Scalability

Production of green hydrogen in the south-central zone A feasibility study for the pilot phase is furnace and DRI transport potential
of Chile for three purposes. Blending into CAP’s blast being carried out with an experienced
furnaces to reduce consumption of coke and eventually technological partner.
replace it entirely. Use of hydrogen for direct reduction
of pellets (DRI) and green steel production. Finally, THE WHY
30 MUSD 6 MUSD 0.2 Mtonne/y
hydrogen will be used to decarbonize transport – trucks Investment Investment Green steel
and rail in its supply chain. 6% of global CO2 emissions
originate in steel production 2% 3 20%
Whether the green hydrogen will be produced with off-
Coke usage reduction Fuel cell trucks CO2 reduction
grid renewable plants or with green power from the grid
is still under study. 87% of the CO2 emissions associated
with steel production can be
reduced by DRI using green 2023-2024 2025 2027
hydrogen
PROJECT OWNER AND PARTNERS
TECHNOLOGY
The Huachipato steel mill was
CAP and Paul Wurth, an SMS Group Production of Direct Reduced Iron
PROJECT company, signed a Technological Biobío
founded in 1950. Supplies (DRI) through green hydrogen has
metallurgical, mining, and Cooperation Agreement (March Region
OWNER construction sectors in Chile.
the potential to dramatically reduce
Annual revenue: 500 MUSD.
2021), to explore the feasibility of CO2 emissions in the steelmaking Talcahuano
reconverting CAP’s operations to industry. Several pilots are under
produce green steel, and intensified planning in Europe. A 100% green
their cooperation with a new
PARTNER hydrogen steel pilot plant is even set
agreement (July 2021).
COMPANIES to begin operations in Sweden by
2024.
POWER
NOL TO AMMONIA Contact details: Fernando Begher
H1 Magallanes PROJECT
Director, Southern Cone Energy
fernando.begher@southern-cone-energy.com
CWP Global is developing the “H1 Magallanes” PROJECT STRUCTURE

project in Chile with the assistance of its regional
company H1 America with the target to build a

world-scale green hydrogen and ammonia  
production facility. https://www.cwp.global/
Wind Desal. Green Nitrogen Green Applications –

PROJECT CONCEPT energy water
Electrolysis
hydrogen from air ammonia export to global
The project will consist of upstream wind power generation,
and downstream green hydrogen & green ammonia market
production. Ancillary systems will be installed for water
PHASE ONE PRODUCTION CAPACITY
desalination, intelligent hydrogen storage, back-up power, STATUS
ammonia storage and export facilities. The aim is to
construct a world-scale ammonia synthesis train which will Feasibility studies are being
enable economies of scale and competitive cost. executed, as well as environmental
screening and wind resource
1,000,000 170,000 H2
assessment on selected potential
2,200 MW
sites. NH3
PROJECT OWNER / DEVELOPER
CWP has 15 years of experience from The projects are expected to start
large-scale renewable power operations in Wind energy installed Tonnes green Tonnes of green
capacity ammonia per year hydrogen per year
2028
generation projects with a successful
track record of over $3 US bn of
financed assets. CWP Global is part This first phase is expected to be expanded in tandem with global market growth.
of the Green Hydrogen Catapult
initiative. OFFTAKE LOCATION GLOBAL EXPORT MARKETS
CWP Global and its Group team have
CWP Global is one of the main shareholders in the 26 GW Asian
decades of experience in global
Renewable Energy Hub project in Australia. This project is one of
the most advanced PtX sites in the world in terms of development commodity trading and are using this
and permitting - it has received “Major Project Status” recognition know-how to structure long-term
from the government and environmental approval for the first phase. bankable ammonia off-take
Magallanes
agreements with various partners
Region
around the world.
10 2,400
GW kWh/m2/year
16 8.6 MARINE FUEL POWER GENERATION FERTILIZERS
GW m/s
POWER
POWER TO
TO X
METHANOL Contact details: Alfonso Salinas
QUINTERO BAY H2 HUB PROJECT

Sustainable Development Manager, GNL Quintero
alfonso.salinas@gnlquintero.com
HOW IT WORKS
GNL Quintero, the largest LNG regasification
terminal in Chile located in the Quintero bay,

aims to take advantage of its proximity to    
industrial areas with high energy demand and
grey hydrogen consumption to produce green
hydrogen for the domestic market. Renewable Energy from Green Blending into Oil Mobility Furnaces
energy contract the grid hydrogen gas pipelines refinery
PRODUCTION
Production of green hydrogen in the central zone of STATUS PROJECTIONS
Chile, even though facing higher energy prices, could be
competitive due to closeness to potential offtakers. This A prefeasibility study and conceptual
could make hydrogen a competitive alternative to replace engineering for the pilot phase were
fossil fuel consumption and local demand for grey carried out. The company is currently
hydrogen, reducing emissions in several industries.
Whether the energy supply will be off-grid or with green
exploring potential offtake
agreements. 2 MW firm +
8 MW 430 H2
power from the grid is still under study. PPA variable PPA
GNL Quintero presents strategic
advantages such as experience in
PROJECT OWNER AND PARTNERS pipe and on road gas transport and
access to gas grids, transmission lines
and port infrastructure. Replacing ~1% of the whole hub’s Tonnes of green
PROJECT energy needs hydrogen per year
OWNER
OFFTAKERS IN THE HUB
PARTNER
COMPANIES
Quintero bay
GNL Quintero is a terminal for the reception, offload,
storage and regasification of Liquefied Natural Gas Valparaiso
(LNG). In operation since 2009, it supplies the demand GasValpo* EPV+TPS* Melón* Codelco* Enex* Buses* Region
for natural gas in the central region of Chile, Local gas Valparaiso Cement producer National Copper Fuel distributor Bus companies that
transporting gas both through piping and trucks. 20% distributor Port Company. Owns a with interest inoperate in the area
of the company is owned by the Chilean National Oil operators refinery in mobility projects. could become
Company (ENAP). Ventanas. offtakers.
*Their participation in the project is under negotiation.

POWER
NOL TO POWER Contact details: Rodrigo Pineda
SAN PEDRO DE ATACAMA PROJECT

Energy Division Manager, Cummins Chile Distributor
rodrigo.pineda@cummins.cl
HOW IT WORKS
The San Pedro de Atacama project has the
ambitious goal of incorporating green hydrogen
and renewable energy into existing fossil fuel

generation systems in isolated areas such as the   
one located in San Pedro de Atacama in the north
of Chile, with the highest radiation levels in the
world. Solar Hydrogen Hydrogen Fuel LiFePo Power for San Pedro
Diesel LPG
energy production storage cell Battery de Atacama
PRODUCTION
STATUS PROJECT DETAILS
The project aims to modify the existing isolated power The project has completed a pre-
system operated by “Cooperativa Eléctrica de San feasibility study, where the configuration
Pedro de Atacama (CESPA)”, to incorporate solar of the technology mix was optimized with
photovoltaic generation, battery storage, hydrogen promising results. 143 2.2 MW 500 kg 600 kW
technologies to provide a high-renewable share power The study was carried out by HINICIO, a
supply to the cultural and tourist hotspot of San Pedro Tonnes green
strategic consulting firm focused on hydrogen per year
electrolyzer hydrogen storage fuel cell
de Atacama. sustainable energy, transportation, and
hydrogen.
1.3 MW 4.2 MW 2.6 MW $ 10 million
PROJECT OWNER AND PARTNERS 2022-2023 Diesel engines Solar PV plant LiFePo Battery USD investment
expected year operation start
PROJECT
OWNER
LOCATION
The isolated grid OFFTAKE
KEY owner and The clients and beneficiaries would
POTENTIAL operator has still be the residents and visitors of the
PARTNER not joined the community of San Pedro de
project. Atacama, who would enjoy a cleaner Antofagasta
Region
supply of 24/7 electricity.
CUMMINS is a leading company that provides power The generator and energy
solutions, working with diesel, natural gas, biogas, distributor would be CESPA, the
battery and hydrogen (production and fuel cells). It is local utility for the isolated grid.
the project owner and developer.
POWER
POWER TO
TO X
METHANOL Contact details: Mario Gomez
HOASIS PROJECT
President, TCI Gecomp
mariogomez@tci-chile.com
HOW IT WORKS
The HOASIS Project, in the Antofagasta
region, promotes hydrogen as a solution that
contributes to energy self-sufficiency and

supports local development based on a
circular economy model.
Solar Energy from Desal. Green Oxygen Green Transport Industry Agriculture
energy the grid water hydrogen ammonia
PRODUCTION
Large-scale production of green hydrogen and
oxygen to produce fertilizers, which will be used PROJECTIONS
in reforestation, precision agriculture, waste STATUS
recovery and creation of synergies with local The project is undergoing a pre-
industries. feasibility analysis. Lands are being
evaluated for acquisition, and the
HOASIS also contemplates the construction of
2.000 Ha of greenhouses to produce local
project is in the consortium formation
phase.
250,000 102,000 140,200
NH3 MW
H2 tonne
crops and the reforestation of the area from the
planting of 100 Ha of tree crops. 3,700 million USD
PROJECT OWNER AND PARTNERS 2024 Tonnes of green Tonnes of green Agricultural products
ammonia per year hydrogen per year per year
PROJECT
OWNER
OFFTAKE LOCATION
PARTNER The project considers the formation of HOASIS also considers the
a consortium during 2021 and it has production of fertilizers and
COMPANIES identified potential offtakers in the agricultural products, to support the
mining and chemical industries, plus development of a local ecosystem
nearby utilities running on fossil fuels. Antofagasta
with positive impacts on the
TCI GECOMP specializes in renewable energy Region
implementation zone.
projects, with more than 1 GW installed in Europe
and Latin America. Currently, TCI is expanding its
business to develop projects and services related to
green hydrogen in Europe, Africa and Latin America.
POWER
NOL TO TRANSPORT Contact details: Marcelo Saavedra
H2 SOLAR PROJECT
Commercial Director Large Industries, Air Liquide
Marcelo.saavedra@airliquide.com
HOW IT WORKS
The project seeks to develop an ecosystem for
zero-emission commuting of mining workers
from the cities to the mine sites in the Andes

Mountains. 
PRODUCTION
Solar power will be used to produce green hydrogen Solar Desal. Green Hydrogen Refueling Fuel Cell
by electrolysis. This hydrogen will be stored in a energy water hydrogen Storage station Electric Buses
hydrogen refueling station to supply buses for the
commute of mining workers.
The project aims to deploy Fuel Cell Electric Buses that STATUS PROJECTIONS
can meet the desert conditions such as altitude, Pilot project is under development Pilot Second Phase Third Phase
extreme temperatures, among others. working on a pre-feasibility study.
PROJECT OWNER AND PARTNERS 48 $ 10 million

10 million USD Tonnes of green
hydrogen per year USD investment 20 50
PROJECT Est. investment of the pilot phase Buses under Buses under
OWNER operation operation
2022 1.2 MW 1-3
PARTNER expected start of operations Solar energy Buses under
operation
2023 2025
COMPANIES
AIRLIQUIDE : Co-developer and technology provider.

Hydrogen production and refueling LAND AND RESOURCE OFFTAKE LOCATION
station infrastructure.
The H2 SOLAR project is
CDEA : Antofagasta Energy Development Center.
The 1.2 MW solar plant called looking for a vehicle
Co-developer. Renewable power provider.
Lalcktur belongs to CDEA. supplier partner to develop
CEA LITEN : Technological research institute. Co- the pilot and for mining
developer. Design of pilot infrastructure companies that would be Antofagasta
and feasibility study developer. It was constructed for
research purposes and is willing to decarbonize their Region
ANTOFAGASTA : Co-developer. Technical local capacity already in operation. Scope 3 emissions.
UNIVERSITY building.
ATAMOSTEC : Solar energy laboratory. Co-developer.
Integration of energy supply and
hydrogen production.
POWER
NOL TO TRANSPORT Contact details: Jaime Vasquez
SELKNAM PROJECT
jaimevasquez@selknam-h2.com
HOW IT WORKS
SELKNAM will use the strong winds in Tierra
del Fuego island, with over 60% measured
capacity factor, to produce green ammonia

for export.
  
PRODUCTION
Wind energy is used to power an electrolysis plant to obtain
Wind Well Desal. Green Nitrogen Green ammonia Applications
energy water water captured
oxygen and hydrogen. Hydrogen will then be combined with hydrogen
nitrogen captured from the air through a Haber-Bosch from the air
process, to produce green ammonia.
The project is located on Tierra del Fuego Island and STATUS PROJECTIONS
contemplates reusing ENAP existing facilities such as
pipelines and the Clarencia port for export. The project counts with conceptual
engineering and prefeasibility study
PROJECT OWNER AND PARTNERS

developed by Engie Impact.
1,150 500,000 NH3 85,000
2 billion USD MW H2
PROJECT Sociedad de Inversiones total investment of the project
OWNER Albatros Ltda.
2026
year operation start Wind energy Tonnes of green Tonnes of green hydrogen per
PARTNER
ammonia per year year for ammonia production
COMPANIES
ALBATROS has been involved in the real estate market in
the Magallanes region for over 30 years and is committed to LAND AND RESOURCE OFFTAKE LOCATION
the promotion of renewable energies and energy efficiency.
The company holds possession of over 20,000 hectares of The SELKNAM project is
land in Tierra del Fuego. 20,000 hectares looking out for partners to
establish offtake
ALFANAR is engaged in manufacturing a wide range of low, of land are in control of the company
medium and high voltage electrical products, EPC solutions agreements.
Magallanes
for conventional and renewable power plants worldwide and Over 60% wind Region
engineering services. It will contribute as developer, investor
and EPC contractor. capacity factor
** ENAP is the Chilean National Oil company. Their has been obtained by 3 measuring towers
Chile
participation in the project is under negotiation. operating for over one year
POWER
NOL TO MOBILITY Contact details: Luis Marín Consuelo Glaría
HYDRA PROJECT
Hydra Project Director Hydrogen Solution Developer H2BU, Engie
luis.marin@csiro.au consuelo.glaria@engie.com
HOW IT WORKS
The HYDRA project aims to decarbonize the
mining sector by developing fuel cell + battery
power trains to retrofit mining haul trucks and

replacing diesel consumption.  
THE PROJECT
Solar Energy from the Desal. Green Refueling Mining haul trucks
The Hydra project considers replacing the internal station
energy grid (green PPA) water hydrogen
combustion engine of large capacity mining haul trucks (>
200 tonnes) with a hybrid system of hydrogen fuel cells and
batteries.
This will replace about 3,000 liters of diesel consumption per STATUS PROJECT IMPLEMENTATION
truck per day, equivalent to a daily hydrogen consumption
The projects is on its second phase of
of up to 1 metric ton.
development. Prefeasibility study is
Phase 1 Phase 2 Phase 3 Phase 4
2018-2019 2020- 2021
undergoing.
PROJECT OWNER AND PARTNERS Design and construction of a modular Business case
Prefeasibility study Minimum Viable Product
of H2 supply chain and H2 Scale up of H2 in
Fuel cell power train mining
fuel cell and battery powertrain validation power system
PROJECT prototype (100-200 kW) to assess
prototype development
Proof of concept within a Industrialization
OWNER Prototype laboratory test with OEM’s
performance under mining conditions 18 months duration mining vehicle
is expected to be ready during 2021. 18-24 months duration Trigger H2 export
2 million USD budget
40 million USD budget
PARTNER
COMPANIES
A consortium is being set up with
partners along the value chain.
OFFTAKE LOCATION
ENGIE is a global reference company in low-carbon energy
A key pillar for the development of the
and services, having a Business Unit dedicated to renewable HYDRA Project is the early engagement
hydrogen since 2018. The current portfolio of renewable H2
of mining companies and OEMs, as they
projects under development and in construction is over 30 will be the end users and providers,
projects in 10 countries over four continents. ENGIE is also
respectively. Antofagasta
developing a mining project in South Africa (Rhyno Project).
Region
MINING3 is a mining research organization led by the
global mining industry to develop and deliver This project has received a subsidy
of 330,000 USD from the Chilean
Chile
transformational technology to improve the mining
industry’s productivity, sustainability, and safety. Economic Development Agency,
CORFO, for the development of
Phase 2.
POWER
NOL TO GAS Contact details: Jorge Matamala
H2GN PROJECT
Deputy General Manager, Gas Valpo
jmatamala@gasvalpo.cl
HOW IT WORKS
H2GN will be the first project in Chile and
Latin America to blend green hydrogen into a

natural gas distribution network 
PRODUCTION Renewable energy Water Green Hydrogen Blending Residential and
An electrolyzer powered by renewable energy from the grid from the grid hydrogen Storage process commercial
will produce green hydrogen.
costumers
The green hydrogen will be stored and then injected into
the natural gas network in the cities of Coquimbo and La
Serena. The hydrogen content will be progressively STATUS PROJECT IMPLEMENTATION
increased from 5% up to 20% in volume.
The projects is currently in its third phase,
meaning the project design is ready and Phase 1 Phase 2 Phase 3 Phase 4
the equipment's are currently being
PROJECT OWNER AND PARTNERS purchased and installed. Project design Mapping of Deployment of Incremental
and permit customers’ the 0.15 MW blending of
PROJECT 1 million USD application for
the green
appliances and
definition of
electrolyzer for
the green
hydrogen into
the network
OWNER Total investment, starting operation in hydrogen
hydrogen procedures.
production and
PARTNER
2022 production and
blending.
injection system.
COMPANIES
OFFTAKE LOCATION
GasValpo is the oldest natural gas distribution company GasValpo through its subsidiary Energas,
in Chile. Along its subsidiary Energas, Gasvalpo supplies operates a 60 km low-pressure polyethylene
over 100,000 residential, commercial and industrial network in the Chilean cities of Coquimbo and
customers through its more than 1,800 kilometers of
La Serena. Green hydrogen will be injected to
network. Coquimbo
this network, supplying approximately 1,800
Region
Universidad de la Serena, is a higher education residential and commercial customers with
institution located in the Coquimbo region that will blend of natural gas and green hydrogen. A
participate as researcher and technical consultant of the reduction of 340 tons of carbon dioxide per Chile
project. year is expected.
POWER
POWER TO
TO AMMONIA
METHANOL Contact details: Loreto Rivera
Vientos Magallánicos PROJECT

New Business and Stakeholders Manager, RWE
loreto.rivera@rwe.com
HOW IT WORKS
The project integrates the wind potential of
the Magallanes region with a green hydrogen

and ammonia production plant for export to  
European markets.
Wind Water Green Nitrogen Green Applications
PRODUCTION energy hydrogen captured ammonia
A wind power plant will be installed to supply a group from the air
of electrolyzers with renewable energy for the
production of green hydrogen.
STATUS COMMERCIAL PHASE PROJECTIONS
Nitrogen will be obtained from an air separation unit The project is currently in a pre-
to produce green ammonia through the Haber-Bosh feasibility stage. A prefeasibility study
process.
The project contemplates a pilot phase and a
is currently being held.
700 MW 350,000 63,000
H2
commercial phase. The capacities of each are still
under study,. 1,850 million USD MW
NH3
Total investment,
PROJECT OWNER starting operation in
Wind energy installed Tonnes green ammonia Tonnes of green hydrogen per year
PROJECT 2030 capacity per year for ammonia production
OWNER
OFFTAKE LOCATION
RWE is a German energy company founded in 1898, Europea
based in Essen. With extensive experience in the n
The green ammonia is planned to In parallel multiple potential off
energy sector, the company has approximately markets
be exported to international takers are being contacted as RWE
20,000 employees in its various markets and
markets, mainly European markets. has a strong presence in the
subsidiaries.
The first phase of the project will European markets.
Magallanes
apply to international mechanisms
The company is present throughout the entire energy Region
for the promotion of renewable
value chain and its operating business is divided into Chile
technologies.
four branches: RWE Renewables, RWE Supply &
Trading, RWE Generation and RWE Power.
Contact details: Ignacio Gomez
POWER
NOL TO MOBILITY
Technology and Innovation Manager, Walmart Chile
Hydrogen Forklifts PROJECT ignacio.gomez@walmart.com
HOW IT WORKS
The project aims to retrofit existing battery
powered forklifts with fuel cell’s at one of

Walmart’s distribution centers in Chile to power
them with green hydrogen produced on site.

Well Solar Green Hydrogen Refueling Fuel Cell
THE PROJECT water energy hydrogen Storage station Forklifts
The project consists on a green hydrogen production plant
which will use solar energy and water to feed its
electrolyzers. The battery powered forklifts are used to move
merchandise pallets inside distribution center. Their batteries
will be retrofitted to be powered by fuel cells to run on The project already has an
green hydrogen. environmental assessment and
permits to be deployed. The 10.8 0.6 MW
hydrogen plant is currently under
PROJECT OWNER AND PARTNERS construction. Kilograms green
hydrogen per hour
Electrolyzer
PROJECT 15 million USD

OWNER Total investment, 4,120 259
starting operation in Forklifts will be
MWh solar energy per year
PARTNER retrofitted
COMPANIES 2022
Walmart Chile : Project Owner
OFFTAKE LOCATION
Engie : Electrolyzer supply
Plug power : Fuel Cell supplier
Walmart Chile is a leader in Chile’s supermarket industry The whole fleet of battery forklifts
with its multi-format strategy that best caters to the needs currently in operation in Walmart’s
of customers throughout the country. Walmart Chile is a distribution center located in Quilicura
subsidiary of Walmart. Based in the U.S., Walmart operates
Quilicura in the Metropolitan region,
approximately 10,500 stores and clubs under 48 banners in
24 countries and eCommerce websites, employing 2.2
will be retrofitted to operate on
green hydrogen produced on site. Chile
million associates around the world. Metropolitan
Region
POWER
POWER TO
TO X
METHANOL Contact details: Ricardo Lizana Fuentes
UCSC PROJECT
Academic of the Engineering Department, UCSC
ricardolizana@ucsc.cl
HOW IT WORKS
The project consists of the deployment of a
green hydrogen pilot plant and the use in

applications within the university campus, to  
create and transfer capabilities, build human
capital and promote the development of the
hydrogen industry in the Biobio region. Renewable generation Water Green Hydrogen Refueling Fuel cell electric Back up
microgrid hydrogen Storage station vehicle generation
PRODUCTION
Renewable energy from the university’s micro-grid will be
used for small scale green hydrogen production. This project received a subsidy of
800,000 USD from the Biobío
The hydrogen obtained will be stored and used for two
purposes: power to power through a back up generation
Regional Government through a 0.8 25 kW
system, and power to mobility, through the implementation Regional Development National Fund
Tonnes green hydrogen Electrolyzer
of a refueling station and the retrofit of electric vehicles with . per year
fuel cells to run on green hydrogen.
The projects is currently under
construction and is expected to start
operating in 44 kW $ 800,000
Renewable generation USD investment
PROJECT OWNER AND PARTNERS 2022
PROJECT
OWNER INNOVATION AND CAPACITY BUILDING LOCATION
The project has received support expressions from several Chilean
institutions such as Cidere Biobio; Irade; Pelicano Solar Company;
SPONSOR SuperTrans; Chile California Council; Corma Biobio; Fraunhofer Chile
Research and H2Chile.
Biobio
Universidad Católica de la Santísima Concepción Region
Researchers from different universities have expressed their interest;
(UCSC) is a higher education institution located in
among them Bath University, Duke University, Imperial College Concepción
the Biobio region, dedicated to the comprehensive
London, Wisconsin Electric Machines and Power Electronics
training of people, as well as the generation and
Consortium (WEMPEC), Universidad de Concepción, Universidad del
transfer of knowledge.
Bíobio, Universidad Andrés Bello, Universidad de los Andes.
POWER
POWER TO
TOH2NOL
X Contact details: Martín Elton
Zorzal PROJECT
General Manager
melton@tikuna.cl
HOW IT WORKS
Zorzal is expected to generate competitive green
hydrogen taking advantage of the strong winds

and available solar radiation in the Bio Bio region,  
located in the heart of chilean paper pulp and grain
production area.
Wind Solar Well Green Applications
energy energy water hydrogen
PRODUCTION
Wind and solar surplus energy from small scale
distributed generation plants connected to the grid STATUS PROJECTIONS
will be used to split water obtained from well
The project is in a development stage
through an electrolysis process, obtaining oxygen
and holds a lease over the terrain.
and green hydrogen.
Wind and solar capabilities are being
The hydrogen will be then used to produce industrial
products for the forestry and agriculture industry.
measured and environmental
baselines are being defined.
10.5 9MW
MW
300
MW H2
PROJECT OWNER
30 million USD
Total investment, starting operation in
Wind energy Solar energy Kg of green
PROJECT 2023 installed capacity installed capacity hydrogen per day
OWNER
OFFTAKE LOCATION
Currently analyzing potential

Tikuna focuses on medium size solar and wind Biobio Region
offtakers in the region, such as the
projects development, construction and O&M,
paper pulp industry and fertilizer
with close to 120 MW developed in Chile. Tikuna
industry located close to the project.
has 36.5 MW in operation, close to 18 MW under
construction and 350 MW under development. Los Angeles
More info: www.tikuna.cl

POWER
POWER TO
TO POWER
METHANOL Contact details: Cristina Martin
Renewstable Kosten Aike PROJECT

Vicepresident for Latinamerica
cristina.martin@hdf-energy.com
HOW IT WORKS
Kosten Aike aims to supply non-intermittent
electricity to the Aysen isolated grid from

renewable resources using green hydrogen, fuel
cell and energy storage technologies.

PRODUCTION Wind Water from Green Hydrogen Fuel cell Battery Stable electricity to the
The energy produced by the wind power plant is used to energy a stream hydrogen storage Aysen isolated grid
generate green hydrogen through an electrolysis process.
The hydrogen is then stored in specialized tanks. In the
hours when there is no wind energy production, hydrogen
is reconverted into electricity through fuel cells, providing STATUS PROJECTIONS
the Aysen isolated grid with a non-intermittent electricity The Kosten Aike wind power plant is
supply. under assessment of the Chilean
36 12
Environmental Assessment Service.
PROJECT OWNER AND PARTNERS The Renewstable Kosten Aike project
is in basic engineering stage.
900
MW MW
MW H2
PROJECT
OWNER 190 million USD
Total investment, starting operation in Wind energy installed Fuel cell installed capacity to deliver Tonnes of green hydrogen
PARTNER 2025 capacity stable electricity supply per year

COMPANIES Eolica Kosten Aike SpA
OFFTAKE TECHNOLOGY LOCATION
Hydrogène de France (HDF Energy) is a French Two options are considered for the The project has a centralized
independent power producer specialized in the commercialization of the stable energy control system that
development of non-intermittent renewable energy
carbon free energy supply provided coordinates all the components of
generation plants, thanks to the storage of energy in the
form of hydrogen.
by the project: the plant to obtain a stable Aysen
electricity production profile, Region
Kosten Aike Spa is the developer of the Kosten Aike wind 1. Power purchase agreement allowing the replacement of fossil
power plant in the Aysen region, which is currently being between the project and the fuel base generation sources
acquired by HDF for the development of this project. Aysen’s grid operator. typically used in isolated areas
2. Opt to the National Energy without compromising the proper
Comission (CNE) tariff system. functioning of the grid.
POWER
POWER TO
TO X
METHANOL Contact details: Agustín Amadeo
HyPro Aconcagua PROJECT

General Manager, Linde Gas Chile
agustin.amadeo@linde.com
HOW IT WORKS
Linde seeks to replace part of its grey hydrogen
production, supplying the Aconcagua refinery
Green Grey
in the Valparaiso region with green hydrogen,
by reducing its natural gas consumption and
 H2 to replace H2
carbon footprint.
Renewable energy Green Grey Fuel for
Water Refinery Blending
from the grid hydrogen hydrogen mobility
PRODUCTION
Linde proposes to integrate a PEM electrolyzer plant to
its grey hydrogen plant in the Valparaiso region to STATUS
produce green hydrogen from water and renewable
PROJECTIONS
energy and distribute it through an existing pipeline to The project is in a conceptual engineering stage.
its current grey hydrogen customer. The facility would Progress is being made in the interconnections with
the existing grey hydrogen plant, to move on to
also provide new customers with green hydrogen.
detailed engineering. 20 3,000
PROJECT OWNER AND PARTNERS 41 million USD MW H2
PROJECT Total investment, starting operation in
OWNER 2024 electrolyzer Green hydrogen
installed capacity tonnes per year
PARTNER
COMPANIES
OFFTAKE LOCATION
Linde is a leading industrial gases and engineering
company with experience in the production, The project has an MoU with his current grey hydrogen
processing, storage and distribution of hydrogen, customer, the Chilean National Oil company ENAP, for the
operating for over 15 years in Chile. Linde has nearly purchase of 1300 tonnes/year of green hydrogen, which will
200 hydrogen fueling stations installed, over 80 be destined to the production of “clean fuels” with low
Valparaiso
hydrogen electrolysis plants around the world and content of sulfurs at ENAP’s Aconcagua refinery.
The project has also an MoU with COPEC, a mayor diesel Region
operates the world's largest liquid hydrogen
distribution system. distributor, to provide green hydrogen in its refueling Chile
ITM Power is the largest manufacturer of PEM stations for mobility applications. Other possible offtakers
electrolyzers, and has a joint venture with Linde, are gas companies for blending and other domestic
called ITM Linde Electrolysis. customers in the region.
POWER
POWER TO MOBILITY Contact details: Juan Somavía
Hydrogen Generation Unit

Manager of External Affairs and Government Relations
juan.somavia@angloamerican.com
Anglo American has deployed a pilot to power HOW IT WORKS

a fuel cell forklift with green hydrogen in its .
This pilot is the first approach to the use of

green hydrogen in order to build skills and
 
standards to expand the use of hydrogen to a
variety of mobility solutions within the value Solar Recycled Electrolysis Green Refueling Applications
chain and thus achieve its goal of being Energy mining hydrogen station
carbon neutral by 2040. water

PRODUCTION The implementation of the Pilot
Solar energy is used to generate green hydrogen from
Project costed
mining recycled water. The hydrogen is poured
through a refueling station to power a forklift. In
addition, a stationary fuel cell will produce energy from
$890,000 USD 5 MW
2 10
surplus green hydrogen to reinject into the local power kW Kg H2 kW
grid. and started its operation in
PROJECT OWNER 2021 Fuel cell

forklift
Kilograms green hydrogen
consumption per day
Fuel cell for power
generation
PROJECT
OWNER GOALS LOCATION
Anglo has an ambitious Sustainable
Anglo American is a leading global mining company Mining Plan, which aims to achieve
and its products are the essential ingredients in carbon neutrality in all its operations by
almost every aspect of modern life. Their portfolio of Chagres
2040.
world-class competitive operations, with a broad El Soldado
range of future development options, provides many In Chile, they operate Los Bronces and
of the future-enabling metals and minerals for a El Soldado mines as well as the Los Bronces
cleaner, greener, more sustainable world and that Chagres smelter. The company also has
meet the fast growing every day demands of billions a stake in the Collahuasi mine.
of consumers.
Operations in Chile Worldwide operations
POWER
POWER TO
TO AMMONIA
METHANOL Contact details: Benjamín Page D.
Pauna Greener Future PROJECT Environmental manager, Statkraft Chile

benjamin.page@statkraft.com
Using renewable energy from the Pauna Solar HOW IT WORKS

photovoltaic plant, Statkraft aims to generate
green hydrogen to supply the Chilean domestic

market and for export.   
PRODUCTION Pauna Solar Water Nitrogen Green Green Applications
captured hydrogen
Solar energy from the “Pauna Solar” photovoltaic and photovoltaic plant ammonia
energy storage power plant will be used to split water from the air
through an electrolysis process, obtaining oxygen
and green hydrogen. The hydrogen will be destined STATUS PROJECTIONS
to supply the domestic market and alternatively will
The project is in a prefeasibility stage. Scenario I Scenario II
be used for the production of green ammonia for
export.
Two scenarios are under evaluation:
I) Green hydrogen production 8,500 $ 540million 170,000 $ 1,040million
Tonnes green hydrogen USD investment for the Tonnes green ammonia USD investment for the
PROJECT OWNER II) Green ammonia production
per year green hydrogen plant per year green ammonia plant
Operation should start in

PROJECT 100 MW $ 500million 400 MW $ 500million
OWNER 2025 Electrolyzer
USD investment for the
Electrolyzer
USD investment for the
photovoltaic plant photovoltaic plant
Statkraft is a global company in energy market

operations. It is a leading company in hydropower LAND AND RESOURCE OFFTAKE LOCATION
and Europe’s largest generator of renewable energy.
The group produces hydropower, wind power, solar The 671 MWp photovoltaic plant The project is looking out for
power, gas-fired power and supplies district heating. called Pauna Solar is under partners to establish offtake
environmental assessment. agreements to provide both
Antofagasta
the domestic market,
Region
Statkraft was awarded funding from the "Chile-European The project owns a concession over replacing ammonia imports,
Union Bilateral Fund for Transitional Development“ co- 800 hectares public property for the and for export, as a
financed by the European Union and the Chilean Agency for plant. Renewable Fuel of Non
International Cooperation for Development (AGCID), to Biological Origin for the
conduct a pre-feasibility study for the project. Norwegian maritime sector
Chile
for example.
POWER
POWER TO
TOOL
X Contact details: Anthon Miers
H2 Genesis PROJECT Lead Project Manage, Antuko

anthon.miers@antuko.com
HOW IT WORKS
Thanks to the high penetration of renewable
energy in the north of Chile and the low
electricity prices, Genesis aims to produce, store

and distribute green hydrogen and oxygen both
 
for energy generation and industrial heat.
Renewable energy from Desal. Green Oxygen Applications
the grid water hydrogen
PRODUCTION
Using energy from the grid or from renewable PPA’s
and demineralized water, H2 Genesis will produce STATUS PROJECTIONS
green hydrogen and oxygen through electrolysis. The
green hydrogen will be transported through tube The pilot project will start with 4 MW and
will scale up to 100 MW within 5 years. H2
trailers, existing gas infrastructure, and probably to
100 6,200 50,000
Genesis is currently in a pre-feasibility
other countries depending on the offtake agreements. stage. The environmental assessment will
The project contemplates scaling up gradually. be completed in 2022.
80 million USD MW H2 O2
PROJECT OWNER Total investment divided in several phases,
starting operation in 2025 Electrolyzer installed Tonnes green hydrogen Tonnes oxygen per year
capacity per year
Antuko is an energy consultant and project OFFTAKE LOCATION

developer located in Chile, with offices in Spain and
Mexico. Over the past 10 years, the company has
The project is currently in discussions
participated in over 200 consulting projects, has over
with potential offtakers from the
400 MW of assets under management and more Antofagasta
mining, energy, cement and
than 500 GWh in energy trading activity. Region
metallurgical industries.
In the last few years, Antuko has redirected its focus
to the study and development of renewable projects,
specializing on hydrogen and storage solutions for Chile
NCRE’s.
POWER TO X Contact details: Oscar Alvarez Gonzalez
H2 CSP+PV PROJECT
Head of Business Development, Cerro Dominador
oscar.alvarez@cerrodominador.com
HOW IT WORKS
The Project aims to produce 100% green
hydrogen and its derivatives, using low cost
energy from Cerro Dominador's 210 MW

Concentrated Solar Power and PV complex,  
as well as from future CSP and PV projects
developed by EIG. Concentrated PV Water Green Hydrogen & derivatives Applications
Solar Power Project hydrogen storage
PRODUCTION
Cerro Dominador CSP and PV plant provides Chile with
low-cost, manageable and all-year-round solar STATUS PILOT PHASE PROJECTIONS
renewable energy, which will also be used to generate
green hydrogen and its derivatives, supporting Chile’s The Pilot project is under
energy transition towards sustainability. development. A pre-feasibility study is
The Pilot contemplates a 6MW electrolyzer to produce
currently being conducted.
210 6 950
green hydrogen at a rate of 2,600 kg per day. Storage
and refueling stations are also being evaluated to 6 million USD MW MW H2
provide hydrogen and its derivatives to mining and Estimated investment on the
industrial companies. electrolyzer for the pilot phase, which
is expected to start operations in CSP +PV installed Electrolyzer installed Tonnes of green hydrogen per
PROJECT OWNER
During its 39-year history, EIG
2024 capacity capacity year
has committed over $39 billion

to the energy sector through RESOURCE OFFTAKE LOCATION
over 375 projects or companies
The Cerro Dominador 100 MW The H2 CSP+PV Project seeks
in 38 countries on six
photovoltaic plant and the 110 MW CSP to establish partnerships with
continents. EIG owns the Cerro
plant are in operation and have been companies interested in using
Dominador CSP+PV plant.
delivering electricity to the National green hydrogen for a variety of
Electric System since June 2017 and applications, such as
May 2021, respectively. Antofagasta
CEA-Liten will conduct a pre-feasibility study co- transportation, mining, industrial Region
financed by EIG and the "Chile-European Union machinery and ammonia,
Bilateral Fund for Transitional Development“, a fund among others, in order to scale
co-financed by the European Union and the Chilean production.
Agency for International Cooperation for
Development (AGCID).
POWER
POWER TO
TO LIQUIDS
METHANOL Contact details: Antoine Liane
H2 Magallanes PROJECT
Managing Director
H2Magallanes@total-eren.com
HOW IT WORKS
Located in the most austral region of
continental Chile, H2 Magallanes is expected to

HIDROGEN PROJECT SHEET
be the country’s first giga-scale green ammonia

project, harnessing the rapid winds of this

remote area.
Wind energy Desal. Green Nitrogen Green
captured from Applications
PRODUCTION water hydrogen ammonia
the air
Wind power is used to split water obtained from sea
water desalinization through an electrolysis process to STATUS PROJECTIONS (AT MAX CAPACITY)
obtain green hydrogen. Most hydrogen will then be
combined with nitrogen captured from the air
through the Haber-Bosch process, to produce green Project engineering ongoing and
ammonia environmental baselines are being
defined. 10 4.4 MT 800 T
PROJECT OWNER GW NH3 H2
Up to 20 Billion USD
Total investment
Wind energy installed Million tonnes green
starting construction in 2025 capacity ammonia per year
Thousand tonnes of green
hydrogen per year
Total Eren is a France-based Independent Power

Producer (IPP) which develops, finances, invests in, builds OFFTAKE LOCATION
and operates renewable energy power plants (solar, wind,
hydro) worldwide over the long-term. The company is
Mainly for industrial processes
present in Chile since 2013 and has executed over 400
MW of renewable energy projects. and fertilizer production. Exportation
Since December 2017, TotalEnergies, a key player in the Offtakers prospection starting Magallanes
energy sector, has been participating as a shareholder of in 2022. Region
Total Eren. TotalEnergies is investing massively in solar
and wind power to become one of the top five producers
of renewable energy by 2030.
Chile

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Green hydrogen

Slide deck (long)

GDP (PPP) (E) Exports Imports Population

(#2 in LATAM) GDP Inflation 2020 FDI Flow

Corp. tax rate FDI stock

Source: OECD, World Bank, WTO MINISTRY OF ENERGY | 3

Atmospheric CO2 (ppm) Global average temperatura change (°C)

420 1,2 +1.1°C

Source: World Meteorological Organization M INISTR Y O F ENER G Y | 5

Source: Ministry of the Environment M INISTR Y O F ENER G Y | 6

Carbon neutrality target

Source: Energy and Climate Intelligente Unit M INISTR Y O F ENER G Y | 7

Coal decommissioning (13%)

Sustainable industry (25%)

Energy efficiency (7%)

Carbon neutral scenario

Source: Ministry of Energy M INISTR Y O F ENER G Y | 9

• Hydrogen is the most abundant element in nature.

Grey hydrogen Blue hydrogen Green hydrogen

Natural gas Hydrogen Natural gas Hydrogen Water Hydrogen

An industrial gas used widely for more D ecarbonization potentialofgreen hydrogen

CO 2 Historically, it has been produced

Source: adapted from Siemens, Power-to-X M INISTR Y O F ENER G Y | 12

S ource: LBS T, Hydrogen Council M INISTR Y O F ENER G Y | 13

Projected electrolyser capacity

Giga Scale production: Infraes tructure projects : H2

S ource: based on Hydrogen Council, McKinsey & Co. M INISTR Y O F ENER G Y | 14

2018 2020 2025 2030 2035 2040 2045 2050

1. Defined as >1% of segment sales

S ource: McKinsey & Co. M INISTR Y O F ENER G Y | 15

Concentrated solar Photovoltaic Wind Hydro

S ource: Ministry of E nergy M INISTR Y O F ENER G Y | 16

Record renewable prices in supply tenders

Chile’s 2021 energy auctions have set

Projected green hydrogen

USD < 1.5/kg

USD > 3/kg

S ource: McKinsey & Co. M INISTR Y O F ENER G Y | 18

Chile Middle Australia China EU USA

Projection of Chilean m arkets for green hydrogen and its

S ource: McKinsey & Co. M INISTR Y O F ENER G Y | 19

Costofliquid H2 atportofdestination,2030 Renew able energy

CH3OH Green methanol / eFuels

S ource: McKinsey & Co. M INISTR Y O F ENER G Y | 20

Am m onia supply cost in Japan

S ource: IE E Japan M INISTR Y O F ENER G Y | 21

Advising council G reen hydrogen am bassadors

Ricardo Lagos Jeannette Wolfers dorff

Technicalroundtables Citizen w orkshops

Interinstitutionalroundtable Advisory Board Public Consultation

The cheapest green

Top Production in at 2.5 <1.5 25

5 Incentives and 6 Infrastructure 7 Research & development 8 Human capital

Uncertainty level in technological development

New export markets open in the long-term, Heavy-duty

S ource: McKinsey & Co. M INISTR Y O F ENER G Y | 26

6 prioritized applications to build localsupply chains and acquire experience

1 Oil refineries 0.2

Mining haul trucks

4 Heavy-duty trucking 2.0

5 Long-range buses 0.8

Blending into gas