Copenhagen Infrastructure Partners (CIP) joins forces with Mexican authorities for the Helax Istmo project in Oaxaca, Mexico. This initiative aims to produce green hydrogen and maritime fuels, aligning with Mexico’s sustainability goals and the global shipping industry's decarbonization. The MoU, signed by Helax Istmo, CIP, and Mexican authorities, emphasizes community consultations and heralds a milestone in clean energy development.
Copenhagen Infrastructure Partners (CIP) announced a significant collaboration with Mexican authorities, marking a momentous milestone in clean energy development. Their joint venture, Helax Istmo, underlines a commitment to green hydrogen production and green maritime fuels within the region of Oaxaca, Mexico.
This Memorandum of Understanding (MoU) between Helax Istmo, the Interoceanic Corridor of the Isthmus of Tehuantepec (CIIT), and Mexico's national Ministry of Navy, the Secretaría de Marina (Semar), signifies a united effort towards fostering a large-scale renewable energy project. The projected output from Helax Istmo aligns with Mexico's sustainable development objectives and intends to significantly contribute to reducing carbon emissions in the global shipping sector.
Mexican President Andrés Manuel López Obrador, acknowledging the transformative potential of the initiative for the Isthmus, lent his support by witnessing the MoU signing.
Ole Kjems Sørensen, a partner at CIP and co-head of Growth Markets Funds, expressed gratitude to the Mexican authorities for their ongoing backing, emphasizing the project's pioneering nature in offering substantial green maritime fuels.
Philip Cristiani, another partner at CIP and co-head of Energy Transition Fund, highlighted the venture's alignment with their substantial clean hydrogen fund. The collaboration underscores Helax's future role in catering to the burgeoning demand for eco-friendly shipping fuels and its substantial contribution to global shipping decarbonization.
The MoU outlines Helax's commitment to adhering to formal indigenous and social consultations as per Mexican law. These consultations are expected to be conducted in early 2024, underscoring a commitment to engaging and involving local communities in the project's development.
The collaboration between Copenhagen Infrastructure Partners and Mexican authorities for the Helax Istmo project in Oaxaca represents a pivotal step towards cleaner energy production. Through green hydrogen and maritime fuels, this initiative not only aligns with Mexico's sustainability objectives but also marks a significant stride in global efforts to reduce carbon emissions in the shipping industry.