HIF Global

HIF Global is an energy company specializing in the production of carbon-neutral fuels. The company combines green hydrogen obtained via electrolysis and CO2 captured from the atmosphere or industrial emissions to produce eFuels. This synthesis process produces eMethanol for shipping fuel, eGasoline, or jet fuel.

HIF Global aims to capture 25 million tons of CO2 by 2030.

Key customers and partnerships

In October 2021, HIF USA, a subsidiary of HIF Global, contracted Bechtel to conduct the preliminary engineering and design of an eFuel facility in the US to produce a carbon-neutral gasoline substitute. In March 2023, HIF Global partnered with Baker Hughes to test Baker Hughes’ Mosaic DAC technology pilot units for commercial-scale deployment capacity.

In April 2023, the company partnered with Idemitsu Kosan, a Japanese energy company to provide eFuels to Idemitsu, receive co-investments for global HIF eFuels facilities including new units in Japan, and source recycled CO2 for use in the eFuels production process from Japan.

In September 2023, the company partnered with Porsche AG and Volkswagen Group Innovation to develop and deploy a direct air capture unit at the HIF Haru Oni Demonstration facility in Chile in 2024. In October 2023, HIF Global signed a cooperation agreement with ENEOS, a Japanese petroleum refiner, to promote the distribution of carbon-neutral fuel in Japan.

In April 2024 HIF Global announced an agreement to collaborate with Optimal Renewable Gas (ORG) to potentially supply 15,000 tons of biogenic CO2 to the HIF Tasmania eFuel facility. In July 2024, the company signed an MoU with Airbus to develop e-fuels for sustainable aviation. 

Funding and financials

The company’s latest funding round was in May 2024, when it raised USD 164 million in a corporate funding round led by Idemitsu Kosan. Previously in April 2022, HIF Global raised USD 260 million in an equity round by Porsche AG, Global Energy Partners-EIG, AME, Baker Hughes, and Gemstone Investments. The company planned to use the funding to develop carbon-neutral eFuels projects in the US, Australia, Chile, and Uruguay.