TotalEren, a French renewable energy developer, announced a development and research plan for a large-scale green hydrogen project called H2 Magallanes, which has a total installed wind power capacity of up to 10GW. It is expected to be located near the San Gregorio district in the Magellan region of southern Chile. In order to start the project in 2025, the goal is to produce hydrogen by 2027, TotalEren said. Chile hopes to reach 25 GW of electrolysis capacity by 2030.

The development path of European hydrogen energy

Spanish energy company Acciona Energía and US-based hydrogen fuel cell system developer Plug Power have announced the formation of the 50/50 joint venture they announced in February. Acciona Plug, a new company based in Madrid, will develop, operate and maintain green hydrogen projects in Spain and Portugal. According to the February announcement, the investment in the new company is approximately 2 billion euros. Acciona Plug will directly develop hydrogen production facilities for its industrial customers and develop independent production plants for regional distribution. Its first facility is expected to be put into operation in 2023.

Swedish start-up company H2 Green Steel (H2GS) and Spanish energy giant Iberdrola announced a partnership to build a power plant with an electrolysis capacity of 1GW to produce green hydrogen. It will power the Direct Reduced Ore (DRI) tower and produce at least 2 million tons of "green" steel per year. The site will be located on the Iberian Peninsula, and several possible locations are currently being considered. The two companies are expected to start production in 2025 or 2026. "The two companies will explore opportunities to build a green steel production facility that, together with the plant, can produce between 25,000 and 5 million tons of green flat steel per year," H2GS said. By 2050, through additional investment of US$278 billion, steel production will produce almost no carbon emissions. Hydrogen and recycling are the two pillars of the decarbonization process in steel production. BNEF writes that steel accounts for about 7% of man-made greenhouse gas emissions and should be recycled, especially in China. "By 2050, green hydrogen may become the cheapest method of steel production and occupy 31% of the market. Another 45% may come from recycled materials," the press release wrote, which also explained that the decarbonization of steel production Efforts are at the core of China, Japan, South Korea and the European Union's goal of achieving net zero.

Italian gas grid operator Snam has reached an agreement with Italian oil and gas giant Eni to acquire 49.9% of the shares of companies operating two sets of international gas pipelines connecting Algeria and Italy. The 385 million euro transaction includes the onshore natural gas pipeline (TTPC) from the borders of Algeria and Tunisia to the coast of Tunisia, and the offshore natural gas pipeline connecting the coast of Tunisia with Italy. Snam is also buying shares in the Eastern Mediterranean, and it sees the hydrogen potential of the Mediterranean. "Through this transaction, Snam is connecting its infrastructure to North Africa, which is a forward-looking key area for Italy's natural gas supply and hydrogen energy development. In the future, North Africa may also become a center for the production of solar energy and green hydrogen," Snam CEO Marco Alverà commented. Snam expects to complete the transaction in the third quarter of 2022.

Indian engineering group Larsen&Toubro (L&T) and renewable energy company ReNew Power announced a cooperation agreement to develop green hydrogen energy projects in India. According to the agreement, L&T and ReNew will jointly develop, own, implement and operate green hydrogen projects in India. "I hope this partnership can set a new benchmark in India's renewable energy sector and look forward to working with L&T," commented Sumant Sinha, Chairman and CEO of ReNew. ReNewPower has a portfolio of more than 5,600 MW in eight Indian states. Most of its wind energy production capacity is located in Gujarat and Andhra Pradesh, and most of its solar energy production capacity is located in Karnataka and Telangana. Goldman Sachs and CPP Investments are the owners of ReNew Power. Keywords: engineering construction, engineering news

Representatives from more than 19 countries participated in the launch of H2LAC, a new platform to promote the development of green hydrogen in Latin America and the Caribbean. “This initiative is endorsed by GIZ’s cooperation with the World Bank, ECLAC and the European Union’s Euroclima+ program. Currently, 13 countries are participating in projects implemented in the region through GIZ country offices,” reads a press release issued on Tuesday. According to the Ministry of Chile, countries in the region "can all have a perfect regional strategy and position themselves as a cluster to export green molecules to large consumer centers such as the United States, Europe or Asia."Editor/XingWentao