HIF Global to start construction of Texas eFuels plant in 2023
HIF Global has announced Matagorda County, Texas as the location of its first industrial-scale eFuels facility in North America. When the HIF Matagorda eFuels facility is fully operational, HIF anticipates producing approximately 200 million gallons a year of a carbon-neutral gasoline substitute that will decarbonize more than 400,000 vehicles in the United States.
HIF Global is the world leading eFuels company, developing projects to convert hydrogen made using low-cost renewable power into carbon neutral liquid eFuels that can be transported and utilized in existing infrastructure. HIF Chile, HIF USA and HIF Australia are wholly owned subsidiaries of HIF Global. HIF Chile is currently constructing the Haru Oni Demonstration Plant in Magallanes, Chile.
HIF plans to make a capital investment of approximately USD6 billion, creating approximately 3,000 direct jobs during the construction phase of the HIF Matagorda eFuels facility and more than 125 permanent operating jobs. The project is also expected to create and sustain thousands of direct and indirect jobs in the region. The company expects construction at the site to begin in 2023.
The carbon-neutral gasoline substitute can be used in vehicles without any modification to existing engines or the infrastructure on which they depend. The carbon-neutral gasoline is produced by combining CO2 captured from the atmosphere with green hydrogen from renewable wind power.
“We chose this site because of its unique combination of incentive support, available real estate, tax and regulatory stability, and commitment to protecting the environment through responsible and sustainable economic development. Carbon-neutral eFuels represent the energy sector’s next frontier, enabling renewable resources to fuel our mobile economy. We expect to start construction in 2023 and produce eFuels from the pioneering HIF Matagorda eFuels facility in 2026,” said HIF USA CEO Renato Pereira.