Japanese eyeing potential offtake of Paraguay green hydrogen

Plans to produce green hydrogen in Paraguay have drawn the attention of a potential Japanese offtaker for the alternative fuel.

During a meeting in Kyoto between a Paraguay government delegation and the Tsuneishi Group, local authorities highlighted the latter’s incorporation of hydrogen into its vessels and other opportunities in Japan.

The delegation was led by foreign minister Rubén Ramírez Lezcano, and Rodrigo Maluff, deputy minister of investments and exports network Rediex who also discussed hydrogen opportunities with Mitsubishi executives, Paraguay’s industry and commerce ministry reported.

Development of the South American country's green hydrogen potential is led by Atome and its US$365mn Villeta project and the Yguazú early-stage project.

In recent weeks, Maluff received a group of Austrian investors interested in installing a green methanol plant.

SPANISH VISIT

Meanwhile in Asunción, industry and commerce minister Javier Giménez met with representatives of Madrid-based Uriel Inversiones to discuss the build-out of solar power.

In 2022, Uriel and local firm Ochoa A launched operations of a solar park with installed capacity of just under 1MW to supply a frozen foods company in Limpio, outside Paraguay’s capital.

“Consumption is increasing a lot, and the perspective is that in a period of eight or 10 years there will be an energy deficit. We must start betting on other sources of energy and clearly, in our opinion, in Paraguay it has to be solar energy, since it has a great solar resource,” a ministry statement quoted Uriel head Juan Félix Huarte as saying.