Green hydrogen industry could have a $46 billion dollar impact on Mexico’s GDP

The green hydrogen industry can have an impact of 46 billion dollars, between 2025 and 2050, on Mexico’s Gross Domestic Product (GDP).

This was announced by the Mexican Hydrogen Association (AMH2), which added that three million 200 thousand jobs could be generated in the country.

Israel Hurtado, president of the association, said that studies conducted by international organizations on the subject mention Mexico as a special place for its potential and the possibilities of development, production and export of green hydrogen worldwide.

The AMH2 presented the study Green Hydrogen: The energy vector to decarbonize Mexico’s economy, in which it proposes decarbonization.

Hurtado explained that the country has, among other advantages: a privileged geographical location, access to two oceans, a Free Trade Agreement with the United States and Canada and a great renewable potential, so it can become a producer to consume and export to these countries as well as to Europe, Asia and other parts of the world.

In view of this, I trust that authorities, industry and society as a whole will be able to face the challenges and achieve the objectives, in addition to contributing to the energy transition and meeting international environmental commitments such as those of Agenda 2030.

It is estimated that the Green Hydrogen industry will be able to reduce 53 million tons of carbon dioxide by 2050, equivalent to a 14 percent reduction compared to the base year 2019.

For Francisco Cervantes, president of the Business Coordinating Council (CCE), green hydrogen is already part of the business agenda in Mexico.

“We are heading in the right direction and hopefully we will move forward very quickly. You can count on the full support of the Business Coordinating Council, of all its organizations, to promote this, which is very interesting,” he said.

The head of the International Trade Practices Unit of the Secretariat of Economy, Marcos Santiago Avalos Bracho, said he was “convinced that the hydrogen should play an important role in what is coming, I would say, in the short and medium term”.

Green Hydrogen, he said, “promotes Mexico as a country with opportunities to be incorporated into global value chains, both in the production of hydrogen for use and export and in the development of technologies related to its production and use.