HIF USA and Idemitsu Kosan sign LOI for eMethanol sale and purchase from Texas eFuels facility
TOKYO, SYDNEY and HOUSTON, Dec. 1, 2023 /PRNewswire/ -- 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, and to study the joint development of the eMethanol business.
- We are already producing eFuels at the HIF Haru Oni facility in southern Chile and developing large-scale eFuels facilities around the globe.
- Idemitsu Kosan has embraced the challenge and is committed to accelerating the production of eFuels to lead Japan in the energy transition."
- The HIF Matagorda eFuels Facility expects to purchase approximately 2 million mtpa of recycled carbon dioxide ("CO2") for conversion to eMethanol and 2,000 megawatts of renewable energy.
- Earlier this year, HIF Global and Idemitsu Kosan signed an MoU to accelerate the production of eFuels.