The mayor of the city-state of Hamburg, Peter Tschentscher, signed memorandums to strengthen cooperation with the Chilean Ministry of Energy, the port of Montevideo and the city of Buenos Aires. Specifically, it is about establishing logistics chains for the transport of hydrogen to Germany.
“Hamburg aspires to become a leading place for the import and trade of hydrogen in Europe,” a statement quoted Tschentscher today after returning from his trip to South America.
“Chile, Uruguay and Argentina have the best conditions for the production of green hydrogen and are carrying out ambitious hydrogen export strategies.”
Hopes have been pinned on green hydrogen in the fight against climate change, especially for those industrial applications where electrification is not possible.
However, until now there are neither large quantities at competitive prices nor the necessary storage and distribution networks.
Germany will have to depend on imports because it will not be able to count on the necessary quantities for many years.
In turn, potential large-scale producers, such as the three South American countries, depend on reliable buyers, especially in the start-up phase of hydrogen production.
Click the link to subscribe for free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News