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.