• HIF Global

  Participated · Equity · May 2024

  HIF Global develops projects to convert hydrogen produced with low-cost renewable power into carbon neutral liquid eFuels that can be transported and used in existing infrastructure. The company is already producing eFuels at its Haru Oni facility in Magallanes, Chile. HIF intends to begin construction of the commercial-scale HIF Matagorda eFuels Facility in Texas in 2024. Led by CEO and President Cesar Norton, the company is using low-cost renewable hydrogen as the feedstock for its products. HIF plans to use recent funding to develop eFuels markets in Japan and to create CO2 supply chains to support production and distribution. The company is headquartered in Santiago, Chile. HIF Global develops eFuels — synthetic, low‑carbon fuels produced from hydrogen and carbon dioxide using renewable energy — as a complement to vehicle electrification. The company operates the Haru Oni eFuel pilot plant in Punta Arenas, Chile, and is working with partners including Siemens Energy and ExxonMobil to begin production. Porsche has invested in HIF Global, reflecting commercial interest from automakers in zero‑emission fuel substitutes. HIF Global confirmed plans to begin construction on an eFuels plant in the U.S. next year, followed by additional facilities in Chile and Australia in 2024. The company positions eFuels as a solution for reducing emissions across automotive, shipping and aviation sectors and to support motorsport and Porsche Experience Center use cases. No operating metrics or prior financing rounds are disclosed in the article.

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