{"id":5072,"date":"2022-06-01T09:00:41","date_gmt":"2022-06-01T07:00:41","guid":{"rendered":"https:\/\/goodnewenergy.enagas.es\/uncategorized\/hidrogeno-verde-oportunidad-crecimiento-argentina\/"},"modified":"2024-09-25T13:41:22","modified_gmt":"2024-09-25T11:41:22","slug":"green-hydrogen-growth-opportunity-argentina","status":"publish","type":"post","link":"https:\/\/goodnewenergy.enagas.es\/en\/innovative\/green-hydrogen-growth-opportunity-argentina\/","title":{"rendered":"Green hydrogen could be a big winner for Argentina\u2019s economy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Argentina is trying to position itself as an investment destination for a hydrogen economy. It hopes that this technology will contribute to the country\u2019s economic growth and to a more sustainable future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Argentine government has developed the <\/span><b>2030 National Low-Emission Hydrogen Strategy<\/b><span style=\"font-weight: 400;\">, in collaboration with the private and academic sectors, to promote public-private collaboration, investment in science and technology, and industrial participation, among other initiatives for the deployment of this energy vector.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All <\/span><a href=\"https:\/\/goodnewenergy.enagas.es\/en\/innovative\/from-grey-to-green-colours-of-hydrogen\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">types of hydrogen<\/span><\/a><span style=\"font-weight: 400;\"> are relevant, but renewable hydrogen is of particular importance, as it will enable the country to decarbonise the energy mix, minimise the environmental impacts of economic growth, drive territorial development, and create quality jobs. <\/span><\/p>\n<h2><b>National Hydrogen Strategy<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Argentina already has what is known as the Hydrogen Promotion Act dating back to 2006. This legislation led to national plans with mixed results, but it has at least allowed the country to take its first steps in the sector. Argentina has several experimental plants and researchers specialised in hydrogen.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After this experience, the Argentine government wants to give further impetus to this emerging sector. And this is why the 2030 National Low-Emission Hydrogen Strategy was launched. It aims to create a roadmap involving all relevant players to build a broad production chain with quality jobs and enable export growth.<\/span><\/p>\n<blockquote class=\"wp-block-quote\"><p>Argentina is striving to build a broad production chain with quality jobs and enable export growth<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Both issues, jobs and exports, are essential for the country. After many years of economic ups and downs and prolonged crisis periods, the Argentine economy needs a revival, which could be achieved through hydrogen.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 2030 National Low-Emission Hydrogen Strategy is designed as a document with long-term goals that also includes short-term targets to drive the development of an activity that will generate 50,000 jobs and 15 billion in exports by 2050.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It gives a key role to technological development and training over the next 15 to 20 years. And given that Argentina is a major producer of natural gas, this development could come from blue hydrogen. Of course, the strategy also includes laying the legal foundations for a regulatory framework and technical standards that will make it possible to sustainably promote the production of <\/span><a href=\"https:\/\/goodnewenergy.enagas.es\/en\/committed\/the-next-green-hydrogen-milestones\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">green hydrogen<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5045\" src=\"https:\/\/goodnewenergy.enagas.es\/wp-content\/uploads\/2022\/05\/ENAGAS-BLOG-ARGENTINA-H2-4-300x188.jpeg\" alt=\"\" width=\"926\" height=\"580\" srcset=\"https:\/\/goodnewenergy.enagas.es\/wp-content\/uploads\/2022\/05\/ENAGAS-BLOG-ARGENTINA-H2-4-300x188.jpeg 300w, https:\/\/goodnewenergy.enagas.es\/wp-content\/uploads\/2022\/05\/ENAGAS-BLOG-ARGENTINA-H2-4-1024x640.jpeg 1024w, https:\/\/goodnewenergy.enagas.es\/wp-content\/uploads\/2022\/05\/ENAGAS-BLOG-ARGENTINA-H2-4-768x480.jpeg 768w, https:\/\/goodnewenergy.enagas.es\/wp-content\/uploads\/2022\/05\/ENAGAS-BLOG-ARGENTINA-H2-4.jpeg 1080w\" sizes=\"auto, (max-width: 926px) 100vw, 926px\" \/><\/p>\n<h2><b>Argentina\u00b4s potential<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Argentina has what it takes to play a leading role in this sector. First of all, because it has <\/span><b>inexhaustible natural energy sources<\/b><span style=\"font-weight: 400;\">, such as large areas of land, often with strong winds, high solar radiation and no shortage of water. But also because it produces around 400,000 tonnes of grey hydrogen (without capturing emissions, which offers significant potential for improvement in terms of sustainability) and because more than half of its current energy production is natural gas (the basis for blue hydrogen production).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, with the second largest natural gas reserves in the world and an extensive gas pipeline network (16,000 km that can be used for hydrogen transmission), Argentina has developed an industry for gas-related goods and services. The country is also a major supplier of biomass and biofuels (from corn, sugar cane and soya beans).<\/span><\/p>\n<blockquote class=\"wp-block-quote\"><p>Argentina is in a good position to become a leading player in this industry<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Although the conditions are favourable, there are important challenges the country must overcome. Through the 2030 National Low-Emission Hydrogen Strategy some of these issues have already been addressed, such as dialogue between stakeholders and working toward a consensus. The country is also working to change its energy mix, which is currently dominated by natural gas, oil, and nuclear power.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Funding is another challenge that must be overcome to promote an industry like hydrogen on a national scale. External funding, however, can be used to solve this complex problem. Lastly, creating the necessary legal framework and institutions to attract foreign investment to Argentina is vital.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, some foreign companies have already arrived. In 2021, for instance, an Australian company announced a project to produce green hydrogen in Rio Negro province. Through this investment, 15,000 direct jobs will be created and 2.2 million metric tons of green hydrogen will be generated annually by 2030.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Argentina should therefore be able to transition to a <\/span><a href=\"https:\/\/goodnewenergy.enagas.es\/en\/innovative\/what-is-the-hydrogen-economy\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">renewable hydrogen economy<\/span><\/a><span style=\"font-weight: 400;\">. The groundwork has already been done through the 2030 National Low-Emission Hydrogen Strategy, made possible by Argentina\u2019s enviable geographical conditions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Argentina is trying to position itself as an investment destination to strengthen a hydrogen economy that will add to the country&#8217;s economic growth.<\/p>\n","protected":false},"author":8,"featured_media":5051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[246,78,816,813,283],"class_list":["post-5072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovative","tag-countries","tag-decarbonization","tag-descarbonizacion-en","tag-hidrogeno-renovable-en","tag-renewable-hydrogen"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Green hydrogen could be a big winner for Argentina\u2019s economy - 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