HIF Global wins purchase agreement for eFuels project in Paysandú

HIF Global has been declared as the winner of the tender process conducted by Uruguay's state-owned Ancap group company ALUR to negotiate the purchase of 150,000 tons per year of biogenic carbon dioxide (CO₂), approximately 20% of the total CO₂ required for its planned eFuels facility in the city of Paysandú.

The company plans to commence the development of an approximately US$4 billion eFuels project that is expected to produce over 256 million liters per year of eGasoline by combining 100,000 tons per year of green hydrogen produced at the facility and 710,000 tons per year of captured CO₂. This is equivalent to decarbonizing more than 150,000 vehicles annually.

HIF estimates the facility will require 1 GW of electrolyzer capacity, 2 GW of renewable electricity, 1,500 jobs during the construction phase, and 300 permanent jobs during operations.