Danish Fund to Invest $10 Billion in Green Hydrogen Production Hub in Southern Mexico

Mexico President Announces Major Investment

Mexico City/Copenhagen – Mexican President Andres Manuel Lopez Obrador revealed that a Danish fund plans to invest $10 billion in a development hub in southern Mexico. The investment aims to produce green hydrogen for ships and replace the use of fossil fuels.

Key Infrastructure Project in Mexico’s South

Lopez Obrador highlighted the importance of this investment in line with one of his key infrastructure projects – the development of an industrial corridor connecting the Pacific and Atlantic oceans in Mexico’s poorer south.

Details of the Investment

Lopez Obrador shared that Denmark’s financial economic fund will invest in the development hub, focusing on producing green hydrogen to replace fossil fuels. This significant investment is a step towards sustainable energy production in Mexico.

Previous Plans and Future Collaboration

In August, Lopez Obrador mentioned plans for a green hydrogen plant in the southern port of Salina Cruz. Copenhagen Infrastructure Partners (CIP) confirmed their involvement in a large-scale green hydrogen project in the Oaxaca region in Mexico, emphasizing collaboration with local authorities and partners.

President’s Vision for the Future

Lopez Obrador, known for his support of fossil fuels, expressed his vision of new vessels using green hydrogen obtained through wind and solar energy via electrolysis. He emphasized the need for non-polluting energy sources to prevent climate change.

Response from Denmark’s Embassy

The embassy of Denmark in Mexico is yet to respond to the President’s comments, indicating that further details about the investment and its timeline are awaited.

Overall, the investment from the Danish fund represents a significant step towards sustainable energy production in Mexico, aligning with the global efforts to combat climate change.