Chile is hoping to make an achievement with green hydrogen, a clean alternative to fossil fuels that can be used in any time of day or night and in any weather conditions. According to Juan Carlos Jobet, Chile's Energy Minister, "Chile could be exporting $30 billion of green hydrogen. That's how much copper we export today." McKinsey calculates that global investment in green hydrogen could reach roughly $500 billion by 2030 and $2.5 trillion by 2050.
The national statistics institute stated that unemployment in Chile has reached 13.1%. Redundancy increased by 5.6% points in the May-July quarter contrasted to the same period in 2019. These figures indicate that over a million people are unemployed. While 8.1 million have been let go.
Around 124,309 salmon escaped from a Salmones Camanchaca farm in Chile according to the country's National Fisheries and Aquaculture Service, Sernapesca. The occurrence involved one cage of 500 gram fish at Camanchaca's San Jose site in the Los Lagos region. Sernapesca is monitoring measures and contingency plans implemented by the company and will determine whether legal action should be taken.
Second quarter earnings at Mowi's Chile operations more than halved due to sharply lower salmon prices as COVID-19 shrank demand and sent costs rising. Operational earnings before interest and taxes came in at $13.9 million, down 59% compared to last year.
With the National Holidays close, the sale of empanadas has fallen by 50%, the meat industry projects a 30% decrease and tourism expects only 10% activity.