HIF USA, affiliate of HIF Global, 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.
The parties will also study the joint development of the eMethanol business, according to a news release.
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 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 for conversion to eMethanol and 2,000 MW of renewable energy.
