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Mexico is planning $21 billion green hydrogen projects

Mexico is planning $21 billion green hydrogen projects

Economies & Policies

Dec 31, 2024

41

Mexico
green hydrogen

The Mexican Association of Hydrogen Storage and Sustainable Mobility (AMH2) will work with the Mexican Ministry of Energy (SENER) to fund 18 clean hydrogen projects to reduce greenhouse gas emissions and foster the country's emerging green hydrogen industrial sector. The initiative will involve a total investment of $21 billion and hopes to create 3 million jobs by 2050.

AMH2 head Israel Hurtado met with SENER Deputy Minister of Energy Transition Jorge Islas to present the association's Clean Hydrogen Industrial Strategy, an action plan that shows how green hydrogen can replace fossil fuels in various industries. The key points of the strategy include the establishment of a manufacturing industry dominated by hydrogen production, focusing on the production of hydrogen fuel cells, electrolyzers, hydrogen-powered electric turbines, and light and heavy hydrogen vehicles.

It is understood that Mexico pledged in the Paris Climate Agreement to reduce greenhouse gas emissions by 35% by 203.

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