Colombia will be the main exporter of hydrogen in Latin America and will have the fourth lowest price in the world in 2050

This Minenergía release was published using machine translation.

Minenergy. Bogotá, June 3, 2022. Colombia has become a regional and global benchmark for the Energy Transition, so much so that the International Renewable Energy Agency (IRENA) and the International Energy Forum (IEF) highlighted the country as one of the most relevant players in the zero and low emission hydrogen market.

In the IEF report, the entity included Colombia for the first time in the world map of hydrogen trade routes, as one of the four exporting countries in Latin America (Colombia, Brazil, Chile and Argentina).

And it is that, according to the Hydrogen Route, Colombia has the potential to become one of the main exporters of green hydrogen in Latin America by 2030, thanks to the characteristics of its winds, solar radiation, water resources and geographical location, the inputs necessary for the production of hydrogen for domestic and international consumption.

In turn, IRENA highlighted that Colombia has the potential to have the fourth lowest price of green hydrogen in 2050 (US$1.1/Kh2), surpassed only by China, Chile and Morocco.

One of the objectives of the Hydrogen Route is that by 2030 it aims to achieve a production of 50 kt of blue hydrogen and between 1 and 3 gigawatts of installed electrolysis capacity to produce green hydrogen.

Another of the achievements highlighted by the entities is the inauguration of the first hydrogen pilots carried out by Ecopetrol and Promigas in Cartagena at the beginning of this year.

It is estimated that the development of hydrogen will allow the reduction of between 2.5 and 3 million tons of CO2 in the next decade in the country and investments in this type of project can attract resources between US$2,500 and US$5,500 million from here to 2030.