The Bahía Quintero Green Hydrogen Project is approved by the Valparaíso Environmental Assessment Commission

By GNL Quintero and Acciona Energy
November 26, 2024

This is a machine translation of the original release, issued in Spanish.

VALPARAÍSO, Tuesday, November 26, 2024.- The Bahía Quintero Green Hydrogen Project, developed by GNL Quintero and Acciona Energía, was unanimously approved by the Environmental Assessment Commission (COEVA) of Valparaíso.

The Project involves the construction and operation of a green hydrogen plant (H2V), which will have a nominal power of 10 MW. The initiative seeks to contribute to the growth and development of this energy source for industrial use in Chile.

The green hydrogen produced will be supplied to future customers, both in the industrial district of Quintero-Puchuncaví Bay and to other companies located in the central part of the country, thus allowing the progressive transformation of production processes and contributing to the transition towards cleaner energies.

The plant, which will be installed within the GNL Quintero premises, has the capacity to produce 1,600 tons of hydrogen per year.

The Project contributes to the Government's National Green Hydrogen Strategy, introducing this fuel of the future from Quintero Bay to develop the domestic market, contributing to the country's energy transition and decarbonization process.

In parallel with the processing of the environmental permit, the company has been advancing in the development of the Project's engineering, in the selection process of the electrolyser and the commercial process with the end users of hydrogen, one of the most important parts of the project. If the investment conditions are met, it is expected that the construction and technical tests will be carried out during the next year.

The Project also represents collaborative work with the public sector, as Corfo selected this initiative in 2021 to receive a subsidy of 5.7 million dollars that supports the development of green hydrogen in Chile. Along the same lines, in 2023, the project was certified under the R&D Law, which generates a tax incentive for investments in research and development.

H2V is generated using an electrolysis system, which separates water molecules into hydrogen (H2) and oxygen (O2) gas molecules through a continuous electric current applied by electrodes, without generating CO2 emissions or pollution. This process requires demineralized water and electricity. The water will come from the existing sanitary network at the Quintero LNG Terminal facilities, while the electricity will come from a certified renewable energy supply contract through connection to the National Electric System.