HIF Global and Idemitsu Kosan announce e-fuels cooperation
Published by Bella Weetch,
Editorial Assistant
Hydrocarbon Engineering,
HIF Global, a leading e-fuels company, and energy company Idemitsu Kosan, have announced a strategic cooperation agreement to accelerate the production of carbon-neutral e-fuels.
The HIF-Idemitsu strategic cooperation will focus on the purchase of e-fuels by Idemitsu from HIF e-fuels facilities worldwide, co-investments in HIF e-fuels facilities and new facilities in Japan, and supply of recycled carbon dioxide (CO2) from Japan for use in the e-fuels production process.
Cesar Norton, HIF Global CEO, said: “e-fuels are available now to decarbonise existing cars, ships, and airplanes without any modifications to their engines. Our e-fuels facility at Haru Oni in Chile is already producing carbon-neutral gasoline. We expect to begin construction on the first world-scale e-fuels facility in Texas, US in 2024, and we are developing additional facilities in Chile, USA, and Australia, which are all well placed to serve partners in Asia. Collaboration with companies with the global presence and resources of Idemitsu makes our plan to reach 150 000 bpd of e-fuels production a reality. We look forward to advancing Idemitsu’s strategic objectives for carbon neutrality and delivering e-fuels to help win the war on climate change.”
Hiroshi Tanaka, Idemitsu Kosan, General Manager, Carbon Neutral Transformation Department, said: “Idemitsu is exploring ways to ensure a stable energy supply in a carbon-neutral society in 2050. In particular, we believe that e-fuels are one of the best ways to promote decarbonisation of mobility by utilising existing infrastructure, and we hope that e-fuels will be widely recognised and used around the world as soon as possible. Additionally, we are very pleased to be working with HIF, which aims to launch and supply the world's first large-scale e-fuel production facility, to explore strategic initiatives. We look forward to working together to accelerate decarbonisation.”
A month ago, Idemitsu leadership and a Japanese delegation traveled to southern Chile to witness the production of e-fuels at the HIF Haru Oni Demonstration facility. E-fuels are made using electrolysers powered by renewable energy to separate hydrogen from oxygen in water. The green hydrogen will be utilised together with recycled CO2) to produce carbon-neutral e-fuels, which are chemically equivalent to fuels used today and can therefore be dropped in to existing engines without any modifications required.
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/06042023/hif-global-and-idemitsu-kosan-announce-e-fuels-cooperation/
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