In the UK, Fuel Cells Works reported that the Finance Committee of the Chamber of Deputies and Deputies approved in general and particular the draft Law on the Promotion of the Green Hydrogen Industry (H2V) in Chile and dispatched it to the Chamber, after approving the indications presented by the Executive.
The project includes two measures. On the one hand, a transitional tax benefit of $2.8 billion that will be awarded in annual tenders by H2V producers and that will then be used by companies that buy green hydrogen or its derivatives (ammonia and methanol), to said producers.
These proposals seek to promote the generation of local demand by allowing acquirers to reduce part of the purchase value through the use of tax credits against the first-class tax, thus compensating the higher production costs of green hydrogen and its derivatives, according to the report.
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