Chile's Green Hydrogen Initiatives and Argentina's Heavy Water Plant Revival
Key Ideas
  • Chile's finance minister announced investment initiatives for decarbonization and green hydrogen during Chile Day 2025 in New York.
  • Argentina's heavy water plant PIAP in Neuquén is set to reenter service in 2027, with interest from Marubeni for ammonia purchases.
  • Río Negro province in Argentina approved a bill related to the Vaca Muerta Sur oil pipeline project, bringing potential revenue of over US$1bn in the first 13 years.
  • Mendoza province in Argentina highlighted the importance of conventional hydrocarbons industry and is planning a licensing round to boost exploration and investment.
During Chile Day 2025 in New York, Chilean finance minister Mario Marcel revealed planned investment incentive initiatives aimed at decarbonization and green hydrogen. The measures include permitting and tax benefits to attract more investment, with a bill to support development-phase projects soon to be submitted to congress. Clean power and green hydrogen projects make up a significant portion of Chile's US$90bn pipeline of projects under environmental review. On the other hand, in Argentina's Neuquén province, the heavy water plant PIAP is expected to restart operations in 2027, with Marubeni expressing interest in purchasing ammonia. The plant's production will support reactors using Candu technology in North America and beyond. Additionally, Río Negro province in Argentina approved a bill tied to the Vaca Muerta Sur oil pipeline project, projecting revenue of over US$1bn in the initial 13 years. Meanwhile, Mendoza province emphasized the value of the conventional hydrocarbons industry, planning a licensing round to enhance exploration and investment. The province aims to stimulate upstream investment by reducing royalties and taxes, as it eyes both conventional and unconventional opportunities in the energy sector.
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