Latin America and the Caribbean Hydrogen Market Analysis by Application Areas, Upcoming Projects, Policies and Key Players to 2030

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Latin America and the Caribbean Hydrogen Market Overview

Latin America and the Caribbean (LAC) currently has a low standing in the global hydrogen market. However, the region has picked up momentum with many projects in the feasibility stage. The environmental conditions across Latin America and the Caribbean (LAC) create the opportunity for a vast array of renewable resources that can be harnessed for green hydrogen production, including wind, solar, biomass, and hydropower.  Brazil, Chile, Panama, and Argentina have the most upcoming green hydrogen capacity. Although, other countries are also demonstrating keen interest in the sector.

A reduction in costs of renewable power and improvements to electrolyzer technology will decrease the cost barrier to hydrogen production, facilitating the market’s development.

Key Companies ·       Engie

·       Central Puerto

·       YPF

·       Energias do Brasil

·       Colbun

·       Enaex

Key Countries ·       Brazil

·       Panama

·       Chile

·       Argentina

·       Paraguay

Key Use Sectors ·       Transportation

·       Power

·       Ammonia

·       Iron and Steel

·       Oil Refining

·       Fuel Cell

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The report provides historical and forecast period data on hydrogen production in the region. It also offers insights into the demand for hydrogen across different application sectors with national and regional policy support and financial incentives.

Latin America and the Caribbean Hydrogen Market – Competitive Landscape

Engie’s Chilean subsidiary is responsible for the most mentions in the region, with some from its Brazilian corporation as well. Engie is part owner and future operator of two upcoming green hydrogen plants in Chile and one in Brazil.

Latin America and the Caribbean Hydrogen Market Players
Latin America and the Caribbean Hydrogen Market Players

Latin America and the Caribbean Hydrogen Market Segmentation by Countries

Brazil is set to become a leader in the regional low-carbon hydrogen market by 2030. Brazilian plants account for more than 47% of LAC’s total active and upcoming hydrogen capacity. The Linde Pecem Hydrogen Plant in Brazil held the highest hydrogen production capacity in the LAC region.

Latin America and the Caribbean Green Hydrogen Market Analysis by Countries, 2030 (%)
Latin America and the Caribbean Green Hydrogen Market Analysis by Countries, 2030 (%)

Latin America and the Caribbean Hydrogen Market Segmentation by Use Sectors

Across the globe, transportation is the most targeted sector, as hydrogen has a higher energy density than electrification and so it could be used to decarbonize larger and/or long-distance vehicles such as aircraft, ships, and HGVs.

Furthermore, early adoption within the region will be in refining and industrial sector applications, where hydrogen is already used.

Latin America and the Caribbean Hydrogen Market Analysis by Application Areas, 2030 (%)
Latin America and the Caribbean Hydrogen Market Analysis by Application Areas, 2030 (%)

Scope

The report provides:

  • Hydrogen country market analysis
  • Total upcoming capacity and 2030 market size scenarios, highlighting recently announced projects by capacity.
  • Demand across different application sectors.
  • National policy support and financial incentives

Reasons to Buy

  • Identify the market trends within the country and key players in hydrogen technologies.
  • Develop market insight of current, 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 region.
  • Facilitate the understanding of 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.

GHI Corp
ACME Group
BP
Globeleq
InterContinental Energy
Linde plc
Eren Group SA
Total Energies SE
Enegix Energy Pty Ltd
Humboldt Hidrogeno Verde
Global Energy Storage Holdings Pte Ltd
Proton Ventures
Reggeborgh Group BV
The Carlyle Group Inc
Vitol Holding II SA
Casa dos Ventos Energias Renovaveis SA
Comerc Eficiencia
Aker ASA
Mainstream Renewable Power Ltd
Fortescue Future Industries Pty Ltd
CWP Global
A-Enviro GmbH
Copenhagen Infrastructure Partners KS
OKO Wind Erneuerbare Energieerzeugungs GmbH
Cactus Energia
Opex Corp
HIF Global
Hyndai Motor Co.

Table of Contents

  • 1. Overview

    • 1.1. Executive summary
    • 1.2. Snapshot of the low carbon hydrogen market

  • 2. Low Carbon Hydrogen Market

    • 2.1. Global vs LAC hydrogen production capacity
    • 2.2. Hydrogen production capacity by country and development stage
    • 2.3. Largest upcoming projects globally
    • 2.4. Largest upcoming projects in LAC.
    • 2.5. LAC Hydrogen Capacity in high and low scenarios
    • 2.6. Low carbon hydrogen competitiveness drivers

  • 3. Demand in Key Application Areas

    • 3.1. Intended hydrogen use sectors
    • 3.2. Refining
    • 3.3. The low-carbon ammonia opportunity
    • 3.4. Case studies

  • 4. Policies, Projects, and Key Players

    • 4.1. National Policies
    • 4.2. LAC hydrogen deal activity
    • 4.3. Key players

Table

Largest low-carbon hydrogen plants in LAC

Examples of hydrogen developments in LAC across sectors

National hydrogen strategies

LAC companies pursuing hydrogen

Figures

Largest low-carbon hydrogen plants in LAC

Examples of hydrogen developments in LAC across sectors

National hydrogen strategies

LAC companies pursuing hydrogen

Frequently asked questions

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