The U.S. firm MMEX Resources Corporation plans to start producing green hydrogen in the province of Tierra del Fuego in 2025 or 2026, with an expected investment of US$500 million, the company announced today.
The initiative would generate 1,500 jobs during the construction of the plant and up to 300 permanent skilled jobs when it starts operations.
The project will be carried out by MMEX through a technological agreement with Siemens Energy, which is already conducting wind resource evaluation studies, MMEX said in a press release.
The initiative of the American company projects the construction of a wind field of up to 300 MW (160 MW base), and an electrolysis plant that will allow obtaining more than 55 tons of green hydrogen per day, in the city of Rio Grande.
The objective will be to develop an ammonia or methanol conversion unit of 300 tons per day for global exports, which will be carried out through its own maritime loading infrastructure, MMEX informed.
After the current evaluation stage, which may take 90 to 120 days, the number of hectares required for wind energy generation will be defined.
In this way, the production of green hydrogen would start in 2025 or 2026, according to Nabil Katabi, MMEX's Project Finance Manager, told Télam.
The installation of the plant was strategically conceived thanks to the natural conditions of Rio Grande: from its location, which allows the connection with the Pacific and Atlantic oceans, and its potential access to different markets, to the wind conditions that allow the generation of optimal wind energy, the company said in a statement.
In this sense, Katabi pointed out that Rio Grande has unique wind conditions in the world. Its location on the sea also makes it possible to think of global exports; it is an important logistical advantage.
MMEX's president and CEO said about the project that the global focus on renewable energies and the need to reduce the planet's carbon footprint is at the core of Tierra del Fuego's strategy, relying on the company's green hydrogen expertise.
Green hydrogen is produced via electrolysis of water - by separating hydrogen from oxygen - using clean energy sources such as solar, wind or hydroelectric power.
Its emergence is due to the need to replace the most polluting energy sources such as coal, oil and its derivatives, and natural gas, with renewable sources and without carbon dioxide (CO2) emissions.