NEW YORK, Sept 11 (Reuters) – Colombia’s state-run energy company Ecopetrol (ECO.CN) will seek to become a player in clean and renewable energy generation to meet its own demand while also promoting the South American country’s energy transition, its chief executive said on Monday.
Ricardo Roa, who has led the $25 billion company for five months, said he sees opportunities for Ecopetrol in some projects that rivals have quit.
“We are seeing a window of opportunity in projects that other important players have been announcing that they will abandon for various reasons, some due to environmental restrictions, some to restrictions with the communities,” Roa said, although he did not provide details of how Ecopetrol would overcome the challenges.
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He said he sees Ecopetrol becoming a big player in the generation of green hydrogen, green ammonia and methanol, which he estimates could bring between $20 billion and $25 billion in profits tough 2040.
Roa, in New York for a presentation to investors, said they appreciated the clarity regarding the projects tied to the energy transition that is a hallmark of President Gustavo Petro’s administration.
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“Between now and 2030, we must have incorporat
