The green hydrogen industry in Latin America is currently experiencing a phase of consolidation, with only serious and well-positioned players remaining in the market. Key sectors like the fertilizer industry are expected to be early adopters of green hydrogen due to the region's abundant and low-cost renewable energy sources. Challenges such as transmission constraints, permitting delays, and the need for coordination across the global value chain have caused a delay in the expected investment flow in the region. Some progress is being made, with key projects like a Chilean green ammonia project signing offtake agreements. Infrastructure constraints remain a significant challenge for the industry, requiring collaboration between the public and private sectors. The upcoming H2LAC 2025 industry conference in São Paulo aims to shed light on the future of green hydrogen in Latin America. Despite potential shifts in US policy priorities, the global movement towards low-emission hydrogen is expected to continue, presenting opportunities for Latin America as other international players increase their presence in the region.