Ecopetrol Plans to Build Latin America's Largest Green Hydrogen Plant

Zacks12-03

Ecopetrol S.A. EC, a Colombia-based energy firm, has announced its plans to construct a new green hydrogen plant at its refinery in Cartagena, with an expected production capacity of 800 tons of green...

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Per Ecopetrol, this should make it the largest renewable energy producing plant in Latin America.The president of Colombia, Gustavo Petro, has prioritized reducing the country’s dependence on fossil fuels. Ecopetrol is anticipated to be a key part of the Caribbean nation’s transition from fossil fuels to cleaner sources of energy. The Colombian energy firm had previously mentioned that it may also participate in auctions to bid on regional offshore wind projects.FuelCell Energyis a clean energy company offering low-carbon energy solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company designs fuel cells that generate electricity through an electrochemical process that combines fuel with air, reducing carbon emissions ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SND":"Smart Sand Inc.","BK4201":"综合性石油与天然气企业","BK4096":"电气部件与设备","NINE":"Nine Energy Service Inc.","FCEL":"燃料电池能源","BGSX":"Build Acquisition Corp","EC":"哥伦比亚国家石油","BK4179":"石油天然气设备与服务","BK4541":"氢能源"},"translate_title":"Ecopetrol计划建造拉丁美洲最大的绿色氢工厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BGSX":1,"FCEL":1,"NINE":1,"SND":1,"EC":0.9},"content_text":"Ecopetrol S.A. EC, a Colombia-based energy firm, has announced its plans to construct a new green hydrogen plant at its refinery in Cartagena, with an expected production capacity of 800 tons of green hydrogen per year. Per Ecopetrol, this should make it the largest renewable energy producing plant in Latin America.\nEC’s Role in Clean Energy Generation\nThe president of Colombia, Gustavo Petro, has prioritized reducing the country’s dependence on fossil fuels. Ecopetrol is anticipated to be a key part of the Caribbean nation’s transition from fossil fuels to cleaner sources of energy. The Colombian energy firm had previously mentioned that it may also participate in auctions to bid on regional offshore wind projects.\nThe green hydrogen produced at the plant will be integrated into the existing capacity of the Cartagena refinery and used for hydrotreating fuels. This process is expected to reduce carbon emissions by up to 7,700 tons, equivalent to the emissions from approximately 1,650 vehicles annually.\nPer Ecopetrol, the new green hydrogen plant is expected to benefit Colombia as it implies that the largest energy company in the nation is moving toward clean energy production. This aligns with the global trend of transitioning from fossil fuels to cleaner energy sources with a lower carbon footprint. The plant is anticipated to begin commercial operations in the first half of 2026.\nFinancial Implications\nEcopetrol stated that the production of green hydrogen is likely to contribute in the range of $400-$485 million to its EBITDA annually by 2040. This signifies that producing low-emission hydrogen will enable the company to diversify its revenue streams while focusing on reducing its emissions. The management attributes the cost-effective production of low-emission hydrogen, supported by advanced technologies, to its earlier decision to establish a solar farm at the Cartagena refinery.\nEC’s Zacks Rank and Key Picks\nCurrently, EC carries a Zacks Rank #3 (Hold).\nSome better-ranked stocks from the energy sector are Smart Sand, Inc. SND, FuelCell Energy FCEL and Nine Energy Service NINE, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nSmart Sand is a low-cost producer of high-quality Northern White frac sand, an ideal proppant for hydraulic fracturing and various industrial applications. The company provides proppant and other logistics services for several companies in the oil and gas industry. With sustained oil and gas market demand, SND is expected to see growing demand for its services, providing a positive outlook.\nFuelCell Energy is a clean energy company offering low-carbon energy solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company designs fuel cells that generate electricity through an electrochemical process that combines fuel with air, reducing carbon emissions and minimizing the environmental impact of power generation. As such, FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.\nNine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. The company operates across key prolific basins in the United States, including the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus and Utica, as well as throughout Canada. With a sustained demand for oil and gas in the future, the need for NINE’s services is anticipated to increase, which should position the company for growth in the long run.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nEcopetrol S.A. (EC) : Free Stock Analysis Report\nFuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report\nSmart Sand (SND) : Free Stock Analysis Report\nNine Energy Service, Inc. (NINE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488541947"}