Sydney – April 23rd, 2024. HIF Global, the world´s leading eFuels company, today announces an agreement to collaborate with Optimal Renewable Gas (ORG) to potentially supply 15,000 tons of biogenic carbon dioxide to the HIF Tasmania eFuel Facility.
ORG is developing a plant in Westbury, Tasmania, using organic waste to produce 300 terajoules per annum of biomethane to replace fossil derived gas. A by-product of this process is biogenic carbon dioxide, which HIF requires to produce carbon neutral fuel from its proposed facility in North West Tasmania.
Ignacio Hernandez, HIF Asia Pacific’s CEO, said: “ORG’s plans are complementary to ours, so we are very pleased to be collaborating with another project in northern Tasmania which strives to reduce our dependence on fossil fuels and tackle the threat of climate change. We look forward to exploring the potential for the Westbury Bio-hub to supply a portion of our carbon dioxide demand alongside plantation residue from the state’s sustainable forestry operations.”
Mike Davis, ORG’s Managing Director, said: “This exciting collaboration presents a further circular economy opportunity to utilise the biogenic carbon dioxide from our Westbury Bio-hub.”
HIF Tasmania is located on the Forico-managed plantation at Surrey Hills, 30km south of Burnie and is on track to become Australia’s first operational eFuel plant in 2028.
The facility will produce eFuel using electrolyzers powered by renewable energy to separate hydrogen from oxygen in water. The green hydrogen is combined with recycled carbon dioxide to produce carbon neutral eFuels, which are chemically equivalent to fuels used today and can therefore be dropped-in to existing engines without requiring any modifications.
In late 2023, HIF Tasmania was shortlisted for the Commonwealth Government’s $2bn Hydrogen Headstart program.
About HIF Global
HIF Global is the world's leading e-Fuels company developing large infrastructure projects to recycle CO₂ and produce hydrogen-based fuels for existing cars, ships and planes. The name HIF represents the mission of the company: to provide Highly Innovative Fuels that advance global energy sustainability. HIF is producing e-Fuels today at its HIF Haru Oni e-Fuels facility in Chile and is developing commercial-scale e-Fuels facilities in United States, Uruguay, Chile, Brazil, and Australia. For more information, visit www.hifglobal.com.
About Optimal Renewable Gas
Optimal Renewable Gas is a developer of large-scale anaerobic digestion facilities converting organic waste and residues to biomethane ready for injection in the gas pipeline . The biomethane once injected into existing infrastructure will provide a net zero renewable fuel for industrial customers. For more information visit www.optimalrenewablegas.com.au
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS: Information in this press release includes various statements that are forward-looking statements within the meaning of the U.S. federal securities laws. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as “can,” “expect,” potential,” “to be,” “will,” and similar expressions are used to identify forward-looking statements and convey the uncertainty of future events or outcomes. Forward-looking statements in this press release relate to, among other things, the expectations of our plans, strategies, and objectives, including with respect to the timing and other aspects of the HIF e-Fuels facilities. Such statements are based on management’s current expectations and assumptions and are subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially from expectations expressed or implied in the forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include (without limitation): our ability to timely obtain or maintain necessary permits to construct and develop the HIF e-Fuels facilities; our ability to execute operational objectives on a timely and successful basis; legislative, policy, fiscal and regulatory developments; the outcome of commercial negotiations; our ability to raise financing; consumer preferences or demand; and various economic, business, and competitive factors affecting our business. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this paragraph. HIF Global urges you to carefully review and consider the cautionary statements made in this press release and cautions you not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. HIF Global undertakes no obligation (and expressly disclaims any such obligation) to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Press contact:
Ian Lawrence | [email protected] | +61 459 182 366