ITA-LAC Market News - Page 2 of 2

Petrobras advances Latin America’s first saline-reservoir CCS pilot with Halliburton drilling contract
August 27, 2026
Petrobras has signed a contract with Halliburton to drill and complete four onshore wells for the São Tomé CCS Pilot Project in Rio de Janeiro, the first project in Latin America to test carbon capture, transport and storage in a saline reservoir. The pilot aims to capture and store up to 100,000 tonnes of CO₂ […]
Chile approves US$11 billion HNH Energy green ammonia project
August 27, 2026
Chile has granted environmental approval to HNH Energy’s US$11 billion green ammonia project in the Magallanes region, the largest investment ever approved through the country’s environmental assessment system. The project will integrate green hydrogen and ammonia production with wind generation, port and storage infrastructure, and a seawater desalination plant for export to international markets. Source: […]
DP World launches Latin America’s first port shore-power system
August 27, 2026
DP World has commissioned a 7.5 MVA shore-power system at the Port of Callao, allowing compatible vessels to use certified renewable electricity instead of auxiliary engines while at berth. The system, the first of its kind in Latin America, is expected to avoid more than 6,300 tonnes of CO₂-equivalent emissions annually. Source: Global Newswire
Peru approves first green hydrogen port terminal in Arequipa with 5.85 GWp solar-linked project
June 26, 2026
Peru’s National Port Authority has granted authorization for Horizonte de Verano to develop the country’s first green hydrogen port terminal in Arequipa, marking a major step toward building a large-scale green hydrogen and ammonia production complex. The project includes a desalination plant and a massive solar PV installation of up to 5.85 GWp, powered by […]
Ecopetrol and GIZ advance pilot synthetic fuels project at Cartagena refinery
June 26, 2026
Ecopetrol and GIZ have signed an agreement to develop feasibility studies and engineering for a pilot synthetic fuels plant at the Cartagena Refinery. The project will focus on Power-to-Liquid technology to produce e-SAF using green hydrogen, supporting decarbonisation of the aviation sector. Source: Fuel Cells Works
Petrobras approves US$1.2 billion renewable fuels project in Brazil
June 26, 2026
Petrobras has approved a US$1.2 billion investment to develop a renewable fuels plant at its Presidente Bernardes refinery in São Paulo state. The facility will have the capacity to produce up to 15,000 barrels per day of sustainable aviation fuel (SAF) and renewable diesel, with construction expected to begin this year and operations targeted for […]
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