Uruguay's Energy Evolution: Hydrogen and Carbon Capture Initiatives
Uruguay's Ancap is set to launch a bidding round for natural hydrogen exploration by the end of the year, with offers expected by 2026. The state-run firm is also considering a future bidding round in 2027 for carbon capture investments, as discussed at a recent Houston conference.
In a strategic move to boost its energy sector, Uruguay's state-owned company Ancap plans to initiate a bidding round for natural hydrogen exploration by the year's end. This initiative aims to attract offers by 2026, as outlined by company executives on Wednesday.
The energy firm's ambitious agenda includes the potential launch of another bidding round, this time targeting carbon capture investment, slated for 2027. This forward-thinking plan was revealed by Ancap representatives during a pivotal energy conference in Houston.
These developments highlight Uruguay's commitment to advancing its energy capabilities, focusing on sustainable and innovative resources in the evolving global energy landscape.
(With inputs from agencies.)
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