Fortescue is a company originally dedicated to iron mining of which it is the fourth largest producer in the world, and which began to diversify investments in alternative energies in recent years.
Kulfas indicated that the conversations with the company began “more than a year ago” and that, after a dialogue with the head of the company for the Latin American Region and former rugbier Agustín Pichot, the president of the firm Andrew Forrest came to the country to present the project.
The fuel is generated by electrolysis from renewable energies such as solar and wind and, after analyzing the quantity and quality of winds, the company considered the establishment in the Rio Negro city of Sierra Grande satisfactory.
“We began to discuss where it could be located, where were the different sources to produce it, the proximity to ports, infrastructure and networks of scientists such as companies linked to hydrogen and Invap,” said the head of Productive Development about the choice of the location of the project, which was sought to “integrate into the local economy.”
The official also stressed the capacity that the project will have to “generate dollars for the country”, in addition to the “opportunity” for the exchange of technology and the generation of employment, the amount of which he estimated at “15,000 direct jobs and about 40,000 to 45,000 indirectly “.
“It fills us with pride because Argentina is going to be at the international forefront in seriously fighting for the problem of climate change,” the minister celebrated, adding that “there are a lot of speeches and people who speak with good intentions but this it is a real solution ”.
Although Kulfas did not specify figures about the export income that the project will generate (which plans to generate a production capacity of 2.2 million tons per year of green hydrogen by 2030) as it is a new product, he anticipated that the volume of the They will be “important” and that the company has already made advance contracts.
“Andrew Forrest (head of Fortescue) told us that they had just closed an agreement in London to sell green hydrogen to bus and taxi companies, which will require fuel permanently, and Argentina will be able to manufacture those fuels” , said the official.
For his part, he pointed out that although the project will initially focus exclusively on exports because the country “does not currently manufacture or incorporate hydrogen vehicles,” he explained that the project is “linked” to the Sustainable Mobility Law.
The law, presented last October, prohibits the sale of vehicles with combustion from 2041 and establishes a regime of benefits both for the production and for the demand of electric and hybrid vehicles, where, Kulfas highlighted, both green hydrogen and lithium will be “important in the local matrix.”
Source From: Ambito
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