A new agreement between the Belgian ports of Antwerp and Zeebrugge with the Chilean energy ministry could supply Europe with green hydrogen at €1.10/kg, 10% of current baseload hydrogen prices.
The agreement, signed at COP26 in Glasgow on 4 November, commits the two ports and the Chilean Ministry of Energy to develop green hydrogen trade between Chile and Western Europe.
LOW-COST GREEN HYDROGEN
Chile’s energy and mining minster, Juan Carlos Jobet, previously stated that the country’s target to supply green hydrogen at a cost of just $1.30-1.40/kg (€1.06-1.14/kg) by 2030 had been brought forward to 2025. “We are updating those numbers and we think we are going to be below those numbers by 2025,” Jobet said at Reuters Events: Hydrogen 2021 on 20 May.
Chile is able to achieve substantial cost reductions in green hydrogen compared with other countries due to its high availability of renewable energy, however the updated 2025 figure was a result of technology developments, Jobet said.
Transport costs would also need to be taken into consideration.
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