HIF Global, a Santiago, Chile-based eFuels company, raised US$164M in funding.
Japanese energy company Idemitsu Kosan joined a group of existing HIF investors, including AME, EIG, Porsche, Baker Hughes, and Gemstone Investments.
The company intends to use the funds for the development of eFuels markets in Japan and the creation of CO2 supply chains.
Led by CEO and President Cesar Norton, HIF Global is an eFuels company, developing projects to convert hydrogen, produced with low-cost renewable power, into carbon neutral liquid eFuels that can be transported and utilized in existing infrastructure. The company is already producing eFuels in its Haru Oni eFuels Facility in Magallanes, Chile, and intends to begin construction of the commercial scale HIF Matagorda eFuels Facility in Texas in 2024.
FinSMEs
13/05/2024