ITA-LAC Market News

CIF approves US$500 million to decarbonize industry in Brazil and Mexico
June 26, 2026
The governing board of the Climate Investment Funds (CIF) has approved US$500 million in funding to accelerate industrial decarbonization in Brazil and Mexico, with each country receiving US$250 million. The facility is expected to mobilize more than US$5 billion in additional financing and will target emissions-intensive sectors such as iron and steel, cement, chemicals, and […]
CAP and Aceros AZA launch US$484 million green steel venture to revive Huachipato plant
June 10, 2026
Chilean companies CAP and Aceros AZA have agreed to combine their steel businesses to revive the historic Huachipato steel plant in Talcahuano through a new green steel venture valued at US$484 million. The new company, 85%-owned by AZA and 15%-owned by CAP, will use recycled scrap metal and electric arc furnace technology to produce lower-carbon […]
Colombia launches tax incentive system to boost hydrogen project development
May 28, 2026
Colombia’s UPME has launched a system to enable tax incentives for hydrogen projects, covering white, green, and blue hydrogen across production, transport, storage, and energy uses. Eligible projects can receive benefits such as income tax deductions of up to 50% of investment, VAT exemptions, import tariff relief, and accelerated depreciation. Source: PV Magazine LATAM