TE H2 Chile withdraws from the H2 Magallanes green hydrogen project citing economic challenges, marking a significant setback for green energy ambitions in Chile.
TE H2 Chile, a joint venture between TotalEnergies and EREN Groupe, has announced its decision to withdraw from the environmental evaluation of the H2 Magallanes project—a significant green hydrogen and ammonia production initiative in southern Chile. This decision halts a proposed investment of approximately $16 billion and sheds light on the complexities of developing large-scale green hydrogen projects in today’s economic climate.
The H2 Magallanes project aimed to harness the strong winds of the Patagonia region to generate green hydrogen via electrolysis, producing over 343,000 tonnes of hydrogen annually and around 1.9 million tonnes of green ammonia. The plan included…
