FRANKFURT (Reuters) – Germany and Chile on Tuesday signed a letter of intent for a bilateral alliance on hydrogen production and trade to try to facilitate a renewable energy hydrogen supply chain between the countries, the economy ministry said in a press release.
The two will set up a task force to build up hydrogen economies and identify feasible projects based on an initial energy partnership deal established in 2019, it said.
Economy minister Peter Altmaier said cooperation with Chile is important as Germany’s big energy players look at new trade routes for hydrogen imports as a cleaner alternative to fossil fuels.
“Green hydrogen is a key element in achieving our climate goals,” Altmaier said.
“We focus on strategic partnerships with countries in which green hydrogen and its derivatives can be generated efficiently and cost-effectively.”
In December, the ministry made an 8.2 million euro ($9.76 million) contribution to a Chilean hydrogen plant planned by Siemens Energy.
($1 = 0.8404 euros)
(Reporting by Vera Eckert; Editing by David Goodman)
