The president of National Fuel, Alcohol and Portland Administration (Ancap)Alejandro Stipanicic, detailed what the participation of the state company will be in the event that the project is completed. HIF Global to develop green hydrogen in it Uruguay.
The leader assured the memorandum Signed yesterday ensures the kick-off for the parties to commit to collecting information and documentation with the aim of reducing the number of permits that the project needs to be carried out.
On the other hand, Stipanicic highlighted that there will be several benefits that would be granted to the Uruguay the fact that the project is completed. In addition to the tax collection and the 3,000 jobs it would generate, it would also benefit Ancap since it will have a participation in the initiative. However, he assured that the state company’s final decision will be in two months.
In the event that they decide to participate, the president Ancap He explained that he will be responsible for spending a total of 30% of the investment in the chemical sector, which would be a total of 3.5 billion dollars. However, you will be able to obtain returns from the profit generated by the business. “We are very far from that moment but it is part of the State’s income,” he said.
Furthermore, Stipanicic commented that the objectives of the project will be the production of green hydrogenwhich will be used as input for methanol and synthetic gasoline. It will have an audience that is interested in the ecological value of the product since it is more expensive than fossil fuel.
A promising development
This week the government signed the memorandum of understanding with HIF Global for the construction of a plant green hydrogen in Paysandu, an agreement that represents the largest investment in the history of Uruguay, for nearly 6,000 million dollars.
Members of the cabinet thus signed the agreement in Executive Tower with representatives of the Chilean company, whose project estimates the production of 180,000 tons per year of e-gasoline and will generate peaks of up to 3,200 jobs.
The investment was confirmed on June 9 of last year by the president Luis Lacalle Pou and contemplates some 2,000 million dollars for the creation of the plant and the same amount for the development of wind and solar parks.
“Whom Uruguay and whom Paysandu We are going to benefit from that investment,” said Lacalle Pou, highlighting the importance of the project.
The initiative contemplates the production of 180,000 tons per year of e-gasoline, from the capture of 710,000 tons per year of carbon dioxide coming from the combustion of biomass and distillation of alcohol from cereals and the production of 100,000 tons of green hydrogen by year.
The project will employ almost 1,600 full-time employees during the construction phase, which is estimated to take about 30 months. From Ancap They estimated that there will be peaks with more than 3,200 workers, while 300 people will be employed full-time and permanently.
Source: Ambito
