Latin America and the Caribbean are emerging as a strategic region for the development of green hydrogen, thanks to their extraordinary capacity to generate low-cost renewable energy. Countries such as Chile, Brazil, and Colombia are taking the first steps toward becoming competitive producers, with flagship projects that could transform their energy mix and create new export opportunities. However, the path is fraught with obstacles that could limit this potential.
Chile stands out as a regional pioneer with its HIF Global project in Magallanes, which produces and exports e-methanol to Europe, taking advantage of the strong Patagonian winds. Brazil, for its part, is exploring blue hydrogen in the Pecém Complex, combining its fossil resources with carbon capture technologies. Port infrastructure is another bottleneck: a recent study reveals that only three ports in the entire region are preparing to handle this new fuel.
