Latin America and the Caribbean Hydrogen Market Analysis by Application Areas, Upcoming Projects, Policies and Key Players

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Latin America and Caribbean is currently a minor player in the global hydrogen market, accounting for a 1% share of global active production capacity. The region does however have vast renewable potential which can be leveraged to produce cost-competitive low-carbon hydrogen and derivatives. However, overall greater policy support and incentives are required to mitigate the impact of the macroeconomic challenges in the region, such as high inflation, and encourage investment and demand in the industry.

Despite being a nascent industry within LAC, the region is being viewed as a future hotspot for green hydrogen production because of its vast renewable potential. Yet, significant investments into scaling renewable and hydrogen production capacity will be necessary to realize this opportunity.
Although the LAC region currently holds a small share of global active (1%) and upcoming capacity (8.9%), the region’s hydrogen market has experienced a notable uptick in activity in recent years.
In terms of application areas, transport remains the dominant end-use industry for low-carbon hydrogen in LAC, with around 1.6mtpa of capacity expected to be allocated by 2030. Synthetic fuels are also emerging as a notable end-use industry, with 20 active and upcoming projects in the region.
Where previously LAC’s hydrogen industry has been limited by a lack of clear policy support, gradually more countries in the region are proposing and implementing national hydrogen strategies and supporting funding initiatives to accelerate the development of low-carbon hydrogen production and foster growth in hydrogen market demand. Chile’s Green Hydrogen Action Plan, Brazil’s National Hydrogen Program, and Argentina’s National Strategy for the Development of the Hydrogen Economy are all key examples of LAC countries’ efforts to accelerate the development of respective low-carbon hydrogen industries.

Scope

Latin America and Caribbean (LAC) hydrogen in a global context

Key regional projects

Low-carbon hydrogen competitiveness drivers in LAC

Leading countries in LAC for low-carbon hydrogen production

Key companies and future leaders operating in LAC hydrogen market

Intended use sectors for LAC hydrogen

Hydrogen policies, strategies, and funding initiatives related to hydrogen in LAC

Deal activity related to hydrogen in LAC

Company filing analysis of LAC headquartered companies

Key Highlights

Despite being a nascent industry within LAC, the region is being viewed as a hotspot for green hydrogen production due to its vast renewable potential.

The region currently holds a small share of global active (1%) and upcoming capacity (8.9%).

In terms of application areas, transportation remains the dominant end-use industry for low-carbon hydrogen in LAC, with around 1.6mtpa of capacity expected to be allocated by 2030. This reflects hydrogen’s potential as a decarbonization solution for difficult-to-decarbonize sectors like long-distance transport.

Synthetic fuels are also emerging as a notable end-use industry, with 20 active and upcoming projects in the region.

Reasons to Buy

Identify the market trends within the region and key players in hydrogen technologies.

Develop market insight of current, in development and announced capacity and latest trends of the sector.

Understand the region's different scenarios for 2030 based on the likeliness of the projects.

Look at the demand in key application areas for the country.

Facilitate the understanding on how and where the market is growing as it is rapidly scaling up to position as one of the main topics of the international and national agenda.

Enegix Energy
Porto de Suape
Qair Group
RCP Resource Project
Solatio Energia
RP Global Austria GmbH
SGP BioEnergy
Parex Resources
Siemens Energy
TCI Gecomp SL
Humboldt Hidrogeno Verde
AES Brasil Energia
Port of Pecem
IMF
Climate Investment Fund
Fortescue Future Industries
Hive Energy
Aker ASA
Mainstream Renewable Power
CWP Global
Copenhagen Infrastructure Partners
Unigel
Cosnorcio Eolico
RWE AG
Antofagasta
HIF Global
Anglo American
EFE
INH2
Hydrox
Great Wall Motor Hydrogen-FTXT
Great Wall Motor Brazil
Neoenergia
Porsche AG
Shell
A-Enviro
OKO Wind Erneuerbare Energieezeugungs
TEG Chile
Cactus Energia
IMO
Port of Rotterdam
Enaex
Engie
Free Power group
GH Energy
Atome PLC
Ecopetrol
YPF
Enel
Energy Co of Minas Gerais
EDP
CPFL Energia
GDF
Iberdrola

Table of Contents

Overview

Executive summary

Snapshot of the low-carbon hydrogen market

Low-Carbon Hydrogen Market

Largest upcoming projects globally

Largest upcoming projects in LAC

LAC in a global context

Low-carbon hydrogen competitiveness drivers

Regional breakdown of low-carbon hydrogen capacity

Major opportunities and barriers to low-carbon hydrogen deployment

LAC low-carbon hydrogen capacity scenarios

Demand in Key Application Areas

Intended use sectors for LAC hydrogen

Transportation

Synthetic Fuels

Largest hydrogen to ammonia projects

Marine Shipping

Fertilizer

Policies, Projects, and Key Players

National Hydrogen Strategies

Funding Initiatives

Industrial Agreements

LAC hydrogen deals

LAC future leaders in hydrogen production

LAC companies pursuing hydrogen

Table

LAC's largest active and upcoming H2 projects by 2030

LAC future leaders in hydrogen production

Main low-carbon hydrogen projects for ammonia supply

Largest low-carbon hydrogen porjects for fertilizer use

Trade agreements

LAC companies pursuing hydrogen

Figures

Global Highlights

Regional Highlights

World's largest upcoming projects by 2030

LAC vs global low-carbon hydrogen capacity by development stage based on active and announced projects

Active and upcoming solar and wind plants in LAC 2025 YTD

Solar Resources

Wind Speed

Top 10 countries for hydrogen production in LAC region 2025-2030

Top 10 countries in LAC by hydrogen production capacity and development stage

Capacity Scenarios to 2030

Top 20 companies' net capacity share in LAC low-carbon hydrogen projects in 2030

Allocation of LAC low-carbon hydrogen by end-use sector 2025 YTD

LAC's low-carbon hydrogen capacity for transportation by country 2025-2030

LAC's low-carbon hydrogen capacity and project count for synthetic fuels by country 2030

Top 10 LAC headquatered companies by hydrogen mentions in corporate filings 2022-2025 YTD

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