HIF USA, affiliate of HIF Global, a world’s leading eFuels company, developing projects to convert hydrogen into carbon neutral liquid eFuels, and the Japanese energy company Idemitsu Kosan, signed a letter of intent to negotiate a sale and purchase agreement for eMethanol from the HIF Matagorda eFuels facility currently in development in Texas, and to study the joint development of the eMethanol business.
The HIF Matagorda eFuels Facility is currently performing engineering with Bechtel, Siemens Energy, and Topsoe and is designed to produce approximately 300,000 metric tons per annum (“mtpa”) of green hydrogen and approximately 1.4 mtpa of eMethanol. The HIF Matagorda eFuels Facility expects to purchase approximately 2 million mtpa of recycled carbon dioxide (“CO2”) for conversion to eMethanol and 2,000 megawatts of renewable energy.
HIF Global previously announced the following achievements at the HIF Matagorda eFuels Facility:
- receipt of its environmental permits to begin construction and operations
- reservation of its hydrogen production electrolyzers from Siemens Energy
- selection of Topsoe for the eFuels conversion production technology
- engagement of Bechtel to perform front end engineering design (“FEED”)
- selection of ~1,000 acres in Matagorda County, Texas and investment in the project by Matagorda County and the state of Texas in the form of a 10-year property tax abatement
eMethanol is a carbon-neutral fuel made by combining green hydrogen and recycled CO2. It is chemically equivalent to today’s methanol and can therefore be used in existing infrastructure, or can be converted into other eFuels, such as synthetic gasoline or synthetic jet fuel.
Oh photo of HIF Global left: Hiroshi Tanaka, General Manager of the Carbon Neutral Transformation Department; Masahiko Sawa, Director of Idemitsu; Cesar Norton, President and CEO of HIF Global; Shunichi Kito, Representative Director, President and CEO of Idemitsu; Clara Bowman, COO of HIF Global; Susumu Nibuya, Representative Director of Idemitsu; and, Ignacio Hernandez, CEO of HIF Asia Pacific.
Press release https://is.gd/ERO9o8