HIF Global and Alcoholes del Uruguay sign implementation agreement for $6B e-fuels facility

In Uruguay, HIF Global and Alcoholes del Uruguay (“ALURhave signed the Implementation Agreement which establishes the framework for the interaction between HIF’s future e-Fuels facility in Paysandú and ALUR’s biofuel plant nearby.
The HIF Paysandú e-Fuels facility, with an estimated investment of $6 billion, aims to produce 700,000 tons of renewable fuels annually. The HIF Paysandú e-Fuels facility is expected to recycle 900,000 tons of CO2 per year, of which approximately 150,000 tons will come from ALUR. Earlier this year, HIF’s project was selected through an international call made by ALUR for the development of an initiative to reutilize biogenic carbon dioxide from the company biofuel facility in Paysandú.