IBOV 175,710.05 ▼ 0.51% IPC MEX 69,734.34 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL5.34▼ 1.32% USD/MXN18.67▲ 0.55% USD/CLP984.35▼ 0.48% USD/COP3,137▲ 2.66% USD/PEN3.44— 0.00% USD/ARS1,538▼ 0.18% USD/UYU40.21▲ 3.57% USD/PYG5,803▲ 3.78% USD/BOB11.97▲ 4.93% USD/DOP60.45▲ 1.67% USD/CRC451.24▲ 2.13% USD/GTQ7.64▲ 3.23% USD/HNL26.87▲ 3.37% USD/NIO36.62▲ 2.81% USD/VES885.08▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.63% USD/TTD6.71▲ 2.07% EUR/BRL5.95▲ 7.47% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 175,710.05 ▼ 0.51% IPC MEX 69,734.34 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Tuesday, October 27, 2026

Uruguay Regional

Uruguay maps out a route to pioneer “green” hydrogen

By · April 8, 2021 · 4 min read

RIO DE JANEIRO, BRAZIL – Green hydrogen, a technology that is still under development, is “an important bet” for a country like Uruguay, which has “abundant” renewable energy and seeks to be a pioneer in this area.

In this framework, the Ministry of Industry, Energy, and Mining is holding, starting this Thursday, a virtual “data room,” in which companies can begin to devise “some pilot projects” in the country so that, by the end of 2021, initiatives related to green hydrogen can begin to be developed.

Uruguay wants to follow “the decarbonization route” by betting on green hydrogen with an eye on transport and industry.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

“In the ‘data room’ we want to specify further the contents of the pilots, the restrictions that may exist in the market to be able to ask for something viable; that is why the exchange with companies is a process before a competitive call,” details the head of the portfolio.

Specifically, Paganini explains that green hydrogen is “a way to store renewable and transportable energy” and can have several applications such as that made through electrolysis -a process to decompose water.  It can be combined with nitrogen, it can be used to produce green fertilizers or even help natural gas pipelines rely less on methane.

“The first thing to do is to develop pilot projects to test it, to learn, to generate successful use cases, and from there to be able to expand the scale. That is the objective,” he emphasizes.

Although there are still no concrete cases of interested companies, the idea is that the first pilots do not require large investments and aim to generate fleets of hydrogen trucks to transport agricultural raw materials or some enterprise related to the generation of marine fuel.

“Another thing is that we want to transform Uruguay into a green hydrogen exporting country, which is the next phase of our route. The investments are much bigger because they require port capacities, logistics, a lot of scale of renewable electricity generation,” he says.

Although he is aware that, to reach that stage, several million dollars will be required, the approach of private companies and a long-term State policy as the one that already existed in the country to change the energy matrix in less than 15 years completely, Paganini is confident that it will be possible to get there.

Green hydrogen is “a way to store renewable and transportable energy” and can have several applications such as that made through electrolysis.

Currently, Uruguay has little energy surplus that allows it to make small exports to its neighbors but not to achieve something on a large scale, as intended.

Specifically, Paganini highlights that in several places like Europe or Japan, they are aiming at green hydrogen to stop depending on fossil fuels and, therefore, they are interesting markets.

“We imagine that in these five years we will acquire enough know-how showing these pilots that we have the capacity and being visible globally as pioneers in the use of hydrogen to, in the next seven or eight years, be able to develop the export business,” he says.

One of the most recognized cases in the world is Chile, which in November 2020 launched a “National Strategy for Green Hydrogen”. In this regard, Paganini points out that he has already held meetings with his Chilean counterpart and, although it is an example, Uruguay is looking for a roadmap of its own.

With the “data room” of this Thursday, the idea is to generate consortiums for when the call is opened -which is estimated to be in the middle of the year- and thus, between September and October, the contracts will be signed to start the pilot projects in 2022.

Although the focus at the moment is on hydrogen, the minister stresses that the objective of sustainable mobility “goes beyond.” Because of that, it seeks to continue facilitating access to renewable electric energy.

“Uruguay has interesting things to show, such as the development of the technology and information industry. The future is digital and green, and we want to be present in both,” he concludes.

Source: efe

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.