HIF Global Begins Approval Process for First Carbon Neutral eFuels Manufacturing Facility in Australia
Situated in Tasmaniathe facility plans to produce up to 100 million liters per year of carbon neutral eFuels
SYDNEYJuly 8, 2022 /PRNewswire/ — HIF Global, the global leader in eFuels, today announced that it has begun development of australia first large-scale carbon-neutral eFuels production facility in Tasmania. HIF Asia Pacific, a wholly owned subsidiary of HIF Global, has filed a Notice of Intent with the Tasmanian Environmental Protection Authority (EPA) seeking approval of the facility, which will be located in the North West Tasmania.
Caesar NortonPresident and CEO of HIF Global, said: “Our global plan is to produce over 8 billion liters per year of carbon neutral eFuels, enough to decarbonize 5 million vehicles. Australia represents our third pole of decarbonization in the world. Australia has exceptional renewable energy resources that can be transformed into liquid fuels and used in existing engines. Today we begin the first stage of Tasmania to produce hydrogen from renewable energy, capture carbon dioxide from a biogenic source and produce highly competitive eFuels that will be the carbon-neutral energy of tomorrow.”
CEO of HIF Asia-Pacific Ignacio Hernandez explained: “When fully operational, the HIF Tasmania facility is expected to produce up to 100 million liters per year of carbon neutral eFuels, reducing global CO2 emissions of approximately 260,000 tons per year, equivalent to the decarbonization of 52,000 cars on the road today. We plan to begin construction in 2024, prioritizing local employment and technology. We look forward to working with our Australian partners to develop this facility, which will help revolutionize the decarbonisation of global transport. »
The HIF Tasmania Carbon Neutral eFuel facility will be located approximately 30km south of Burnie. With 250 megawatts of electrolyser capacity and at least 40 years of service life, the installation design is similar to other eFuels installations in Chile and United States that HIF Global is preparing for construction in 2023. The HIF Tasmania facility has been designed to be emission-free, with water for electrolysis being extracted primarily from bio-waste.
Electric fuels, or eFuels, are clean, carbon-neutral fuels produced from renewable energy, green hydrogen and carbon dioxide extracted from the atmosphere. eFuels have the same chemical properties as fossil fuels and therefore can be used as direct replacements in existing engines and infrastructure.
About HIF Global
HIF Global is the world leader in eFuels, developing projects to convert hydrogen made from low-cost renewable energy into carbon-neutral liquid eFuels that can be transported and used within existing infrastructure. The name HIF represents the company’s mission: to provide highly innovative fuels to make the decarbonization of the planet possible. HIF Chile, HIF UNITED STATES, HIF Asia Pacific and HIF EMEA are wholly owned subsidiaries of HIF Global. HIF Chile is currently constructing the Haru Oni Demonstration Facility in Magallanes, Chile. For more information, visit www.hifglobal.com.
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The information in this press release includes various statements that are forward-looking statements within the meaning of the United States federal securities laws. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as “may”, “expect”, “potential”, “is”, “will” and similar expressions are used to identify forward-looking statements and to express uncertainty of future events or results. press release relate to, among other things, our expectations regarding our plans, strategies and objectives, including with respect to the timing and other aspects of the commercial facilities that HIF Global plans to develop around the world. These statements are based on management’s current expectations and assumptions and are subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially from the expectations expressed or implied by the forward-looking statements. forward-looking statements include (but are not limited to): our ability to timely obtain or maintain permits necessary to construct and develop commercial facilities in Asia Pacific, Chile and UNITED STATES; our ability to execute business objectives in a timely and successful manner; legislative, political, tax and regulatory developments; the outcome of trade negotiations; our ability to raise funds; consumer preferences or demand; and various economic, business and competitive factors affecting our business. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this paragraph. HIF Global urges you to carefully review and heed the cautionary statements made in this press release and cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. hurry. HIF Global undertakes no obligation (and expressly disclaims any such obligation) to update any forward-looking statements, whether as a result of new information, future events or otherwise.