INSUBCONTINENT EXCLUSIVE:
Chile aims to transform Magallanes, its windswept southern region, into a global green hydrogen hub, President Gabriel Boric announced at an
international investment forum in Punta Arenas on March 24, 2025.Green hydrogen, a fuel made by splitting water with renewable energy,
promises zero carbon emissions and excites businesses seeking sustainable alternatives to fossil fuels.Yet, high costs and environmental
concerns now challenge this bold vision
Hydrogen Strategy in 2020, targeting low-cost production.However, prices remain 2.5 times higher than natural gas, discouraging investors
Authorities push forward despite setbacks
Boric unveiled the CORFO Green Hydrogen Facility to share risks with investors, addressing uncertainties in this young industry.Chile Pushes
Magallanes as Hydrogen Hub Amid Challenges
(Photo Internet reproduction)Finance Minister Mario Marcel stresses that distance to markets raises costs, yet Chile commits to carbon
neutrality by 2050, making hydrogen a key focus
Business leaders urge faster environmental approvals, but biologist Gabriela Garrido argues the evaluation system falters under the scale of
Locals send unanswered letters to Boric, seeking answers.Not everyone resists
Teacher Javier Garay sees opportunity, balancing it with preserving nature, reflecting a divided community.The stakes rise as Chile hosts
the IDB forum, drawing global eyes
With only five projects in environmental review, scaling up remains elusive.Magallanes stands at a crossroads
