HIF Global and Idemitsu Kosan have formed a strategic cooperation agreement to accelerate the production of carbon neutral eFuels, some made with green hydrogen, according to a news release.
The strategic cooperation will focus on purchase of eFuels by Idemitsu from HIF eFuels facilities worldwide, co-investments in HIF eFuels facilities and new facilities in Japan, and supply of recycled carbon dioxide from Japan for use in the eFuels production process.
A signing ceremony was held in Tokyo.
The eFuels are meant to decarbonize existing cars, ships, and airplanes without any modifications to their engines. HIF’s facility at Haru Oni in Chile is producing carbon neutral gasoline.
“We expect to begin construction on the first world-scale eFuels facility in Texas in 2024, and we are developing additional facilities in Chile, USA, and Australia, which are all well placed to serve partners in Asia,” HIF CEO Cesar Norton said in the release. “Collaboration with companies with the global presence and resources of Idemitsu makes our plan to reach 150,000 barrels per day of eFuels production a reality.”
“[W]e believe that eFuels are one of the best ways to promote decarbonization of mobility by utilizing existing infrastructure, and we hope that eFuels will be widely recognized and used around the world as soon as possible.” Hiroshi Tanaka, Idemitsu General Manager said in the release.
The green hydrogen will be used together with recycled carbon dioxide to produce carbon neutral eFuels, which are chemically equivalent to fuels used today and can therefore be dropped-in to existing engines without any modifications.
