Mexico must move forward in the transformation of clean energy, because even though they currently have a higher cost, in time it will translate into savings, and will comply with Environmental, Social and Governance(ESG) standards and decarbonization, said Israel Hurtado, president of the Mexican Hydrogen Association(AMH2).
The difference in prices is three dollars on average, but as the use of this type of energy becomes more widespread its cost will go down, he said in an interview with El Heraldo de México.
In fact, he noted, the 2023-2027 business plan that Petroleos Mexicanos(Pemex) presented a week ago included green hydrogen as a possible source for hydrotreating processes in methanol and fertilizer production, as well as fuel.
Also, the Federal Electricity Commission (CFE) included the use of green hydrogen for power generation in the National Electric System Development Program (Prodesen).
This type of element is the cleanest and most sought after to achieve climate change mitigation goals, as it is a renewable energy with at least 60 percent less greenhouse gas (GHG) emissions, according to CertifHy.
He noted that international bodies estimate that by 2030 the costs of the element will fall to levels similar to those of gray hydrogen and natural gas, with its use becoming widespread.
"Currently, gray hydrogen averages two dollars and green hydrogen is around five dollars," he said.
However, he stressed that nearshoring will boost the issue of green hydrogen, opening a great opportunity for Mexico in production, consumption and export of the element.
Warns of increased tax scrutiny, calls on taxpayers to comply 100% with tax obligations
Stimulus on gasoline hit oil sales revenues