Uruguay River: Green Hydrogen Deal Nears as New Pulp Mill Revives Old Fears
The HIF hydrogen plant on the Uruguay River will be relocated away from Colón's shoreline and the tariff gap is closing, while a US$800 million tissue mill plan revives Botnia-era nerves. The post Uruguay River: Green Hydrogen Deal Nears as New Pulp Mill Revives Old Fears appeared first on The Rio Times .
The Uruguay River is witnessing a potential de-escalation as a $5.385 billion green hydrogen and e-fuels plant shifts location to avoid conflict with Argentina. The state-owned utility UTE has agreed to a near-$45 per megawatt-hour energy price, bringing the figures closer to HIF Global's initial target. The legal battle over environmental studies continues in an Argentine federal court.
Meanwhile, a $800 million tissue-paper mill in Uruguay has reignited memories of the 2005-2010 Botnia pulp-mill dispute. The HIF project, set to be Uruguay's largest private investment, could create up to 3,200 jobs and is expected to bring in significant economic benefits. The move comes after months of negotiations and cross-border discussions aimed at resolving the long-standing dispute, reminiscent of the 2005-2010 conflict over the Botnia pulp mill.
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