This could be a major development not only for the global hydrogen value chain but also Paraguay zero-emissions capabilities with a significant production project capable of turning the nation into a green hydrogen powerhouse.
Read more: Hydrogen holds a unique opportunity for Paraguay, says new IRENA report
Read more: ATOME Energy creates new division to support hydrogen mobility in Paraguay
The pilot’s feasibility will be explored by NeoGreen Hydrogen, led by an experienced team of infrastructure developers, financiers and engineers with substantial project development experience in Latin America and Africa, and the Nacional de Electricidad (ANDE).
Several agreements have already been signed not only to support the development of this project but also to create supply and demand for hydrogen technologies throughout Paraguay.
For instance, agreements have been signed with TOCSA, an infrastructure construction and engineering company, and Atria Logistics in order to decarbonise its fleet and explore the distribution of hydrogen or ammonia to countries on the continent’s waterways.
Miles Lewis, President of Latam for NeoGreen, said, “NeoGreen is focused on creating value-added green industries for our host countries. While we are working with some of the world’s largest industrial partners, we emphasise forming local consortiums and assuring that our projects ignite political will and domestic economic growth to create a win-win situation within this new industry.
“Paraguay has the existing resources to lead the field and potentially viable transport connections to several of the most important countries on the continent and abroad.”
Ing. Felix Sosa, President of the Nacional de Electricidad, said, “We are delighted to be cooperating with NeoGreen. They were one of the first companies to approach us and we fully appreciate their inclusive attitude and understanding of the challenges and opportunities that Paraguay faces in the next decade.”
Hugo Velasquéz Moreno, Vice-President of Paraguay, said, “We welcome NeoGreen to our country and appreciate that these projects are not only necessary for the future of the world, but also the future of Paraguay within it.”
How hydrogen could decarbonise South America
It is estimated that developing countries are responsible for more than half of the world’s greenhouse gas emissions, and this is only set to increase without a swift change to cleaner energy. This staggering statistic gives reason for a focus on green energy like never before, and why hydrogen has rebounded as an optimistic yet realistic solution.
Extensive research into the production of green hydrogen has found that abundant availability of renewable resources and modular nature of electrolysis makes a great match for developing countries as green hydrogen can be produced on any scale, anywhere1.
Want to continue reading? Click here.