HIF Global, Idemitsu Kosan and MOL to develop eFuels supply chain

The agreement also outlines how the companies will explore the potential for supplying carbon dioxide (CO₂) from Japan for use as a feedstock for the eFuels production process in HIF facilities under development in the US, Australia and Chile.

HIF Global will assess demand for CO₂ in its eFuels production facilities around the world. Idemitsu will study the capture of CO₂ in Japan. MOL will examine the transportation and shipping of CO₂ from Japan and eFuels to Japan.

Cesar Norton, President and CEO of HIF Global, said: "At HIF Global, we are developing a portfolio of eFuels facilities that would recycle approximately 25 million tpy of CO₂, equivalent to the emissions from over 5 million cars. Carbon neutral eFuels are an immediate replacement for fossil fuels across the global transport sector. Initiatives like this collaboration will bring us a step closer to fuelling our world with renewable energy as we strive towards net zero emissions now."

Hiroshi Tanaka, General Manager (Carbon Neutral Transformation Department) of Idemitsu Kosan said: "As part of our commitment to sustainability, Idemitsu is actively working towards establishing a robust supply chain for eMethanol and eFuels. We recognise the importance of these low environmental impact alternatives in our business and their versatility. Through strategic collaborations such as this, we are confident in our ability to take a leading role in reducing carbon emissions in both the energy and transportation sectors. Additionally, we see tremendous potential in the development of various business opportunities within the supply chain. We look forward to exploring and capitalising on these opportunities together."

Hirofumi Kuwata, Senior Managing Executive Officer of MOL, said: "Mitsui O.S.K. Lines is pleased to be working with HIF Global and Idemitsu Kosan to develop a value chain for CO₂, synthetic fuel, and synthetic methanol, contributing to decarbonisation throughout the lifecycle. We will establish efficient maritime transport of CO₂, synthetic methanol, and synthetic fuel within the supply chain connecting Japanese and overseas projects."

The parties will also discuss the sale and purchase of eFuels and analyse the resulting greenhouse gas emissions reduction.

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/19032024/hif-global-idemitsu-kosan-and-mol-to-develop-efuels-supply-chain/