HIF USA, affiliate of HIF Global, the world’s leading eFuels company, 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 (earlier post), 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 million mtpa of eMethanol, representing approximately 80-90% reduction in CO2 emissions for ~400,000 cars, ~40 container vessels, or ~12 billion air passenger miles.
The HIF Matagorda eFuels Facility expects to purchase approximately 2 million mtpa of recycled 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); and
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.
Earlier this year, HIF Global and Idemitsu Kosan signed an MoU to accelerate the production of eFuels.