It began as an innovative project located near Punta Arenas: harnessing the potential of the area’s winds to produce hydrogen from wind energy, capture CO2 from the atmosphere, and manufacturecarbon-neutral synthetic fuels—including gasoline and diesel, among others. The venture, called HIF, is led by the Chilean electric utility AME, which, together with its partners, is already building the pilot plant in Magallanes.

But the idea didn’t stop there. This month, HIF announced the addition of new partners—including automaker Porsche and investment funds managed by EIG and Baker Hughes— raising US$260 millionto expand the idea globally. HIF Global plans to build 12 commercial plants in the U.S., Chile, and Australia, with investments totaling US$50,000 million to produce 150,000 barrels per day of carbon-neutral fuels, the company’s CEO, Meg Gentle, said in an interview. This would mean capturing 25 million metric tons of CO2 annually.

Meanwhile, HIF is preparing to begin its first fuel production in Magallanes in the second half of this year.

You can see how the project works at: https://www.hifglobal.com/es/haru-oni