HIF Global continues expansion with new eFuels project in Uruguay
The company expects to produce 256 million liters per year of eFuels at its Paysandú facility to decarbonize over 150,000 vehicles.
HIF Global announced its expansion to Uruguay, where it will commence development of an approximately $4 billion eFuels project in the city of Paysandú.
The announcement was made official by the President of Uruguay, Luis Lacalle Pou. Lacalle named the company as the winner of the tender process to negotiate the purchase of 150,000 tons per year of biogenic carbon dioxide (CO2) from the state-owned Ancap group company ALUR.
HIF will now have access to approximately 20% of the total CO2 required for its eFuels facility in the city of Paysandú.
"Our focus now will be on the permitting and engineering of the HIF Paysandú eFuels facility, the first plant of its kind in the country. We will use the CO2 supplied by ALUR to unlock additional renewable energy production in Uruguay and convert it into carbon-neutral eFuels, creating a new industry and contributing to decarbonization of the transportation sector," said Cesar Norton, President and CEO of HIF Global.
The HIF Paysandú eFuels facility is expected to produce over 256 million liters per year of eGasoline. This result will be possible by combining 100,000 tons per year of green hydrogen produced at the facility and 710,000 tons per year of captured CO2. This is equivalent to decarbonizing more than 150,000 vehicles annually.
