IAHL Corporation (IAHL)

[Gators12]

Ecopetrol is undertaking maintenance and upgrade work at its Barrancabermeja refinery as it seeks to implement new technology and reinforce fuel supply.

In 2022, the national oil firm announced that it would invest 3.2tn pesos (US$770mn) by 2025 to modernize and expand the refinery. The company said the funds would be directed to circular water management, fuel quality improvement, renewable energy, green and blue hydrogen development and carbon capture initiatives.

In 2024, Ecopetrol plans to begin the construction of two industrial-scale hydrogen projects, each with an electrolysis capacity of 60MW. The facilities are expected to produce a combined 18,000t/y of green hydrogen by late 2025 or early 2026. In the long term, the firm aims to produce 1Mt of clean fuel per year to serve domestic and international markets.

In addition, Ecopetrol's midstream arm, Cenit, is conducting studies into using its pipelines to transport hydrogen.

Other companies that have shown interest in developing hydrogen projects in Colombia include TGI, Promigas, Hevolución, TotalEren, EDF and Siemens.