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BUSINESS

MMEX, Tierra del Fuego Province announce Río Grande green hydrogen project

29/04/2022 11:07 AM

KUALA LUMPUR, April 29 (Bernama) -- The Province of Tierra del Fuego and MMEX Resources Corporation have jointly announced the potential development of a green hydrogen project in the Río Grande area.

The Governor of the Province of Tierra del Fuego, Gustavo Adrian Melella announced: “MMEX, a North American company with operations in Texas, USA with extensive experience in the implementation, financing and operation of energy infrastructure in Latin America and the USA, is evaluating a project for the production of 55 tonnes of green hydrogen with 160 megawatts of base wind power.”

Melella said: “The excellent wind conditions in the Río Grande area, which allow efficient logistics and production and direct access to the sea, are the basis for MMEX's entry into Argentine Patagonia.

“The final objective would be the implementation of a green hydrogen node destined to export to Europe and Asia. We welcome and support the participation of MMEX in Tierra del Fuego.

“The province of Tierra del Fuego and MMEX have signed agreements on the exchange of technical information. This allows rapid progress in the preliminary assessment of wind potential.”

Meanwhile, MMEX CEO, Jack W. Hanks said in a statement: “We are very excited to join the Government of Tierra del Fuego to plan this project. The global focus on renewable energy and the need to reduce the planet's carbon footprint is at the core of Tierra del Fuego and MMEX's strategy, drawing on MMEX's green hydrogen expertise.”

The provincial government, within its support for the development of renewable energy industries, welcomes initiatives that allow the sustainable use of Tierra del Fuego's resources and reaffirms, as a government, its commitment to sustainable development, the preservation of the environment, investment and employment.

-- BERNAMA


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